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being in the paycheck economy is like being a part of the world index
2/ hustling, bootstrapping, gigging is alpha looking for opportunities amidst an inefficient, volatile market
3/ being in the pay check economy is beta, getting the market returns.
one is figuratively – part of a machine
and literally — getting a 401k and salary, bi-weekly.
one is figuratively – part of a machine
and literally — getting a 401k and salary, bi-weekly.
4/ in the paycheck economy, one's work experience, pedigree, and retirement fund compound "steadily" as one's career lengthens.
5/ alpha is the shot in the dark. what changes with #covid19? what are the opportunities to deploy sweat and capital to come out on top and help others less fortunate?
6/ beta is continuing to be in the (main) game. a game that slowly and sluggishly responds to a changing world. a game that, in turn, is accelerating in structural change and imploding in various parts of its own world.
7/ there's many ways to skin a cat. there's many ways to weather a crisis. but always remember, past performance is not indicative of future returns. consider your exposures, manage your risks, and choose your “portfolio" wisely.
stay in the game. risk on!
stay in the game. risk on!
