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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

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Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    1. Venkatesh Rao‏ @vgr Aug 15
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      The natural relationship to money is satisficing over a short averaging window, not maximizing over either short or long windows. Maximizing money is a pro sport for those who enjoy that intellectual challenge, not a meaningful thing for everybody.

      1 reply 4 retweets 29 likes
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    2. Venkatesh Rao‏ @vgr Aug 15
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      Of course there’s risk in the satisficing attitude. You never know what expensive emergencies will hit your life, or how much retirement will actually cost you, and whether you’re saving enough or not etc. But everything is risk management.

      1 reply 0 retweets 14 likes
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    3. Venkatesh Rao‏ @vgr Aug 15
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      Not taking enough time off the table today creates different kinds of risks (to health for instance, or even just to quality of existence, which for me involves a good deal of idle time, tv etc).

      1 reply 0 retweets 12 likes
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    4. Venkatesh Rao‏ @vgr Aug 15
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      And while I’d like to score FU$, and explore the full-leisure enmansioned life, that isn’t an overarching desperate goal. I enjoy work enough that I don’t mind devoting some time to it indefinitely. I am not working to stop working as many seem to be.

      1 reply 0 retweets 13 likes
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    5. Venkatesh Rao‏ @vgr Aug 15
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      I don’t think any kind of huge returns potential would get me working 100h/week. Only thing that can get me putting in that kind of intensity is actually enjoying the work OR avoiding serious risk of pain/destitution. Money is just not worth that kind of intense effort for me.

      2 replies 1 retweet 10 likes
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    6. Venkatesh Rao‏ @vgr Aug 15
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      Maximizing money returns on effort intensity only makes sense under 2 conditions: a) you enjoy the intellectual challenge b) you want to buy something specific within a specific time horizon that demands $X. Which is just uberrationality over a longer horizon.

      2 replies 1 retweet 12 likes
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    7. Venkatesh Rao‏ @vgr Aug 15
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      Of course many in the US who work to maximize money beyond what they have meaningful designs for, without enjoying the work, do so for some sort of vague social arrival/identity validation/class membership aspiration. Join the rich class. Some who make it even seem to enjoy it.

      1 reply 1 retweet 10 likes
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    8. Venkatesh Rao‏ @vgr Aug 15
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      Of course this is middle-class privilege talking. Your life has to be pretty shitty for marginal income of the 9th hour of work you don’t enjoy to beat value of day’s first leisure hour. If you’re working yourself out of an external or internal hellhole, max$ may be rational.

      2 replies 0 retweets 4 likes
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    9. Venkatesh Rao‏ @vgr Aug 15
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      Venkatesh Rao Retweeted Venkatesh Rao

      Related https://twitter.com/vgr/status/1158049104355704832?s=21 …https://twitter.com/vgr/status/1158049104355704832 …

      Venkatesh Rao added,

      Venkatesh Rao @vgr
      Been reflecting on wealth and success (in conventional sense, which may involve some combination of wealth, fame, accomplishment, historic impact, etc) lately. Both are things I am not personally very motivated by. But they are not things I have a problem with either.
      Show this thread
      4 replies 0 retweets 2 likes
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    10. Carlos Bueno‏ @Archivd Aug 15
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      Replying to @vgr

      There’s an old pulp fiction hero named Travis MacGee who did detective hero jobs until he had enough cash to take time off, then repeat. His line was “I’m taking my retirement on the installment plan”.

      2 replies 3 retweets 19 likes
      Venkatesh Rao‏ @vgr Aug 15
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      Replying to @Archivd

      This is kinda how I do consulting tbf

      4:00 PM - 15 Aug 2020
      • 2 Likes
      • Carlos Bueno Dorian Taylor
      0 replies 0 retweets 2 likes

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