Espressosaurus
Joined 14 years ago
Joined 14 years ago
If you were in on the upside then you've got much less ground to retrace.
And it's painful to watch your holdings drop like you said if you're planning on retiring in the next 1, 2, 5 years.
So I get it.
If you're 25 you've got tons of room to maneuver. If you're 60 things are a lot less rosy (even if by now you should theoretically be cycling into less volatile assets. But bonds didn't do that great either over that period) .
Instead we decided to elect a bunch of people to burn it all down and speedrun the fall of Rome.
We'll still be a world power at the end of it--in the same way France and England are world powers.
It doesn't look like a solved problem yet.
I think it’s very reasonable to expect the people that are dropping this on other people for review to have reviewed it first, closely, made adjustments, etc, the same way I do before dumping my Claude/ChatGPT assisted PRs onto other people.
The reviewers shouldn’t be exerting more effort than the person that set the prompt.
The money is what matters since it gives you resources you don’t have access to elsewhere. And it’s worth burning yourself out on because the situation is still better than the situation you left behind.
Happiness? Fulfillment? Ain’t nobody got time for that.
That’s for their kids or their grandkids.
They start the most businesses, they staff specialty roles like doctors, nurses, researchers, engineers. They put down roots and innovate. After 2-3 generations of course their kids are the same as every other American.
But first and second generation immigrants are far more driven and that shows up. They'll do the dirty jobs if they don't have an education, and if they do have an education they're going to be going for high impact roles.
Since we're going nativist long term I expect we're going to see innovation and productivity drop. It's not a one year change, but over generations we can expect to see the impact. Additionally immigration has been helping stave off our demographic rollover since our birth rate is relatively low. Without immigration which both increase working age population and tend to have more kids per capita than the native born Americans, we can expect the same demographic problems other countries are already dealing with.
How will we manage our giant deficit as growth slows? What if it stops? We can't rely on international integration that has given our giant companies worldwide profits given the way we've shattered the global order.
Connecting my checking account to that? Fuuuuck that.
Damn sad how quickly that habit changed for me.
Never asked a question, but got some good info from people who had asked questions and the people who replied.