GreeniFi

For low friction, transfer of ideas, Graham is right. But sometimes sounding like passport application form instructions doesn’t get the right feeling across.

Words have a magic about them, and I don’t think Paul Graham would dispute that.

Less to do with insecurity, more to do with signifying membership of a club. A bit like a regimental tie, vocal fry or the latest pair of sneakers.

What could possibly go wrong?

Great comment. I might go further and say that cherry-picking is either an attempt to deceive the listener or oneself. I’d put it on the same pedestal as lying.

I found this very insightful, thank you.

Sheeesh. Bad news for entrepreneurship. As due to mortgage lending rules, it’s very difficult to get a loan as a business owner rather than an employee with steady, bankable, salary

What is the incentive for a bank to lend at 0%?

Surely it’s more profitable to do nothing?

Thanks for doing this. I’ve a few to add and have already messaged this around a few people.

I’ll look up that Wikipedia page. Thanks.

Every man has a balance sheet associated with his person: a sum of all his assets and liabilities, burdens and obligations. It captures one’s true wealth (or poverty). A large part of its content can only be settled in the political realm. If it’s not a balance sheet, I don’t know what else to call it.

Fair point.

It was my comment and I’d like to reply to that specific point, elaborating my initial comment: a true balance sheet is beyond the purely financial. It covers natural capital and social capital too. It’s only the narrow contemporary understanding of balance sheet that means that so many costs (and gains) are hidden to us and therefore ignored. Part of society’s problem is the phoney baloney system of financial accounting that leaves so much unaccounted for. To refine my initial point: there will be many horrific costs to this mess. Some poor sod will end up paying the cost. If owners think they can escape full liability, they will continue to take risks because they can privatize the profit and socialize the costs.