Good insight. Can you elaborate on why you think it’s unlikely that the economy will still be around when you’re 55? Also by economy to you mean the world economy, the U.S. economy, or the economy of some other specific country or region?
I suspect this gives me two more posts for the rational financial planning sequence:
Why existential risk does not mean we should ignore common, personal risks.
I was being tongue-in-cheek, gesturing towards the basic transhumanist stance that everything will be different. What I mean is that any investments I make today are tied to many implicit assumptions about the world’s trajectory over the coming years, and that I don’t expect these assumptions to hold true over that time frame, especially considering the accelerating change I’ve observed in my lifetime so far.
None of this actually stops me from investing a reasonable amount in boring investments like index funds because I simply don’t have that much stuff I want to spend money on.
Good insight. Can you elaborate on why you think it’s unlikely that the economy will still be around when you’re 55? Also by economy to you mean the world economy, the U.S. economy, or the economy of some other specific country or region?
I suspect this gives me two more posts for the rational financial planning sequence:
Why existential risk does not mean we should ignore common, personal risks.
How to ignore financial hucksters and doomsayers
I was being tongue-in-cheek, gesturing towards the basic transhumanist stance that everything will be different. What I mean is that any investments I make today are tied to many implicit assumptions about the world’s trajectory over the coming years, and that I don’t expect these assumptions to hold true over that time frame, especially considering the accelerating change I’ve observed in my lifetime so far.
None of this actually stops me from investing a reasonable amount in boring investments like index funds because I simply don’t have that much stuff I want to spend money on.