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rmrm

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Saw this outsode the wilderness plenty of times as well. Hiking back down from half dome. At 5pm, miles from the summit groups in flip flops and a small water bottle, clearly exhausted and not sure what they were in for, asking if the were close. Nope, turn around folks and enjoy your walk.

It would be inflationary, as less efficient local labor would also require more workers and higher wages. Food costs would go up but the money would be more contained locally as well. Net net I think it would decrease some consumptions, but perhaps leading to a more sustainable model overall.

Its both.

Demand shock is leading to a loss of places to put it, so the price must fall to a low enough price to make it profitable to pay increasing amounts to store it until its worth something.

The price war has depressed the price enough that to keep revenue up companies must continue to pump flat out.

Quite a nasty scenario to find oneself in.

The biggest risk stated in 2008 was contagion to "main street" economy, which did eventually occur to some degree.

This virus and fallout went directly to the main street economy (of the entire world at same time) and stopped it cold.

I think its entirely unknown what the ultimate ramifications are of this cold stop to the world economy. But I see no reason to think its not bigger than 2008.

Few things you might not be aware of:

1. Even in the event of Emergency visits to in network hospitals, one is often charged out of network fees if one of the doctors present is out of network. Which one is not notified of and has no say over, regardless. So going to an in nerwork hospital (which is the best one can do to align to their plan) means nothing.

2. When charged out of network, it most certainly does not mean only the coinsurance rate changes, you are also charged 10 to 50× more. So you are charged say 40% of $5000 rather than 20% of $300. Again, at an in network hospital.

3. Out of pocket max differs dramatically in network to out of network, in some plans going away completely in out of network scenario.

What you are saying above is not just a minimization its completely misleading and wrong.

that can be fine, you just need to find an organization that emphasizes the people management side of things and has other avenues for technical leadership. Typically a place like that is self aware about it and quite upfront (as a tech lead will really hate that kind of role, and they need to understand where the technical leadership comes from). I have a friend who is very much primarily a people manager and loves it.

Just wanted to second this. As a manager, even for people I know fairly well, I'm routinely surprised by little bits I learn as to what they want, what they dislike, or what gets them upset. Do not assume your manager can read your mind or that things are self evident and universal. With people, most things arent. Not much different than any relationship.

Tesla Cybertruck 7 years ago

I live in Norcal and had a little Toyota pickup. I had more than one lady from the city be very impressed "oooh a truck, its so manly!". Where Im from a little Tacoma truck is not really a truck. Truck culture is not really a city thing out here.

Except you would need to remodel every exusting restaraunt to have conveyer belts behind false walls. This isnt the next step, it will not happen. Walk up windows for ordering and numbers are already increasing. That is the next step for reducing server numbers.

having worked at a lot of startups with various outcomes, I've come to firmaly believe the net preset value of your options is actually correct. If you take all the shares I've ever had options given on, and multiplied them by the strike price, it isn't far off from the ultimate amount of money they've been worth. The variance is high between each one, but taken together..

If you get a 100,000 shares at 0.10 each...they are likely over multiple trials going to be worth around 10K. Act accordingly.

My results from several years, from a team lead, to post acquisition large company middle manager:

1.) It can be much more stressful and unpleasant working through other people than being an individual contributor. You must be able to deal with this in a way that doesn't cause too much unhappiness.

2.) You must be a strong distiller of information. You need to be able to understand what information is important and what is not as you will need to distill a very messy situation below you into something coherent to those above you. Developers can often get away with massive detail dumps that lack any sort of narrative. You will not.

3.) Your job is always to make the project successful. You need to have the confidence and leadership ability to make changes as needed on the fly, and explain them in ways so that everyone understands why what is happening is happening.

4.) You must be a strong communicator. You should feel like you are over communicating. I fail here most often, typically you will know it in real time. Do your best to correct it.

5.) You will have more interruptions and starts and stops in your thinking. Organization helps here.

6.) You will go long periods without feeling like you are doing a good job, or feeling like you arent adding anything. You are. Being a manager and a leader is large time periods of being a servant, most often to those below you.

7.) Focus on putting your team in good spots. Find what people are best at, help them excel. Give good people space to grow. Be on the lookout for your next manager below you. Try to help them along and hopefully beyond you.

8.) Large parts of it are just showing up. Asking the dumb questions. Listening. Saying that sounds good, go do it. Holding people accountable. Keep things fun whenever possible.

9.) Largely, it sucks. I do it because I havent found someone else I think could do better for the team yet. If they show up Id gladly get out of it.

Your ending hints at my problem with inflation discussion and I suppose economic projections and asset price projections in general based on some macroeconomic fact.

One would assume based on the casual and confident nature in which people talk about them, that rising inflation should result in X. But if being honest they will also include "ignoring second order effects", which can mitigate or completely reverse the expected outcome. The complexity is monumental.

I believe one could say rising interest rates should reduce the value of existing fixed rate bonds denominated in the same currency. Im not sure a lot else can be said, with confidence. Much else is paradox.

I guess bonds, if inflation expectations are constant, as they will drop if expectations rise as you say. Avoiding bonds would be a mechanism to avoid rising expectations.

So I think this is technically correct, if things are static, but does not protect against rising rates, which I guess it my question.

In a world where inflation is going to go up, what should one invest in?

People will often say gold. Which I guess is a proxy for any fixed supply asset. But weve seen price inflation in many things other than gold, such as houses and land, art, stock prices. Most things of lasting value ie not consumables. Does a precious metal have some other special qualities that make it behave poorly relative to other limited valuable assests, and then well?

What say you HN? Whats the play to protect ones assets? Or does one just need to avoid cash and bonds?