Sublime

The second principle is to embrace radical incrementalism.

we propose a very mild form of government regulation, a species of libertarian paternalism that we call RECAP: Record, Evaluate, and Compare Alternative Prices.

Let’s Make a Deal

Make it clear who is directing the meeting and whom it is meant to serve.

And it is this background that explains the underlying thesis of how Sam lives his life – he lives it as a variable cost. What do I mean by this – that his entire personal and professional cost structure is variable; it is dependent on his successes and failures and can be eliminated at any time. His fixed “burn rate” is close to zero.