Saved by Alex Wittenberg and
Compounding Crazy
Get yourself thusly oriented, jump in, and enjoy. The future is going to be crazier than you can imagine.
notboring.co • Compounding Crazy
Zoom out. As Patrick Collison said when describing his admiration for Jeff Bezos to Ezra Klein:There’s something quite deep about the notion of using time horizons as a competitive advantage, in that you’re simply willing to wait longer than other people and you have an organization that is thusly oriented.
notboring.co • Compounding Crazy
Open-mindedness will be important. You should continue playing the Great Online Game. Reading sci-fi will make the crazy seem more familiar (I just finished Project Hail Mary and it’s excellent). There will be abundant opportunities for people who are down to get a little crazy.
notboring.co • Compounding Crazy
So how do you prepare?
notboring.co • Compounding Crazy
These being tail risks, there are countless definitionally unimaginable things that might happen. Perhaps the next global crisis won’t be such a boon for innovation. Unknown unknowns abound.
notboring.co • Compounding Crazy
What happens to the markets if the US Dollar somehow loses its status as the global reserve currency? The climate change threat isn’t going away any time soon. Will a further run up in the financial markets create such extreme wealth disparity that it causes violent unrest? Will governments tax investment gains, or even stifle innovation, in order... See more
notboring.co • Compounding Crazy
Then, there are macro and tail risks.
notboring.co • Compounding Crazy
If the Fed jacks up interest rates, growth assets could tank short-term. Ham-fisted crypto regulation is a legitimate concern. Markets never go straight up. Even though global equities and the Nasdaq have compounded at a roughly 10.5% CAGR and ended up and to the right, there were a lot of bumps along the way. Please don’t mortgage your house and... See more
notboring.co • Compounding Crazy
First, there are the timing risks.