And ongoing risk of an endemic new virus even after a vaccine is developed. Even though we have flu vaccine, it still takes its toll every year and is probably here to stay.
I draw a big rectangle with a line down the middle. On the left is Assets. On the top right is Liabilities (aka debt, the remaining lease payments for housing, etc). On the bottom right is Equity. This is the number that must compound at an acceptable rate no matter what happens to the market, my income, etc (I'll leave it up to you to decide what rate you want to commit to in the near term). I have found that drawing and redrawing this on paper beats most software approaches. If someone asks, "what if my equity number is negative?" I say take steps to get it to positive. If you get it to 1 dollar, great, your first year ROE is going to be 1000% if you happen to save 10 bucks that year. https://awwapp.com/b/uybcpyttt/
The reason is that arguably a traditional search firm is a broker, whereas an aggregator can introduce new efficiencies. This is how disintermediation typically happens. Classic example: travel agents vs expedia.
Which 30 year period you get to live and work in is what matters most, and the timing of the bad years. Which is why I recommend this calculator: https://firecalc.com/.
I enjoyed this article but I find the people rejected by Harvard more interesting than the ones who dropped out. Warren Buffett is on this list. The people who dropped out after all always had an implicit invitation to come back if things didn't work out.
Sorry, was reading multiple articles on this topic at once. Yes this is a newsroom post, however they plan to let individual users know via their newsfeeds: https://www.bloomberg.com/news/articles/2018-04-04/facebook-... "Facebook says it will tell people, in a notice at the top of their news feeds starting April 9, if their information may have been improperly shared with Cambridge Analytica."
I find it ironic that they plan to let users know they've been compromised via the newsfeed. What about users who have either deleted or never log in? How will they find out? Is their likely defense 'ignorance is no excuse' really a great defense if the only way to avoid ignorance in this case to log into their platform?
We owe him, Sagan, Feynman and a few others a debt of gratitude for writing and speaking about their discoveries to the general public. Without their realization that more people should be aware of this stuff, no popular science!