While I think it’s good advice to live as if the equity is worth zero, treating all equity as if its worth nothing, seems a bit over-reductionist when equity packages can routinely be worth millions of dollars.
Obviously it’s a crapshoot and should never be seen as a guarantee, I think treating it as zero is bit too far on the opposite extreme.
Obviously it’s a crapshoot and should never be seen as a guarantee, I think treating it as zero is bit too far on the opposite extreme.