The Inversion Curve, $200K Balloons and The Single Most Important Decision in Life
Happy Friday!
Here are a few things I've been chewing on over the last week - hope something in here piques your interest!
1. As the public markets continue to be volatile, my paranoia for a crash only goes up.
One of the concepts I continue to hear about is the "Inversion Curve*". NPR does a great job explaining what it means in this less-than-10-minute audio overview.
Also, NYT covered it, drawing an analogy to football. And CNBC has a great overview. Execs have been selling off chunks of their stock, which spooks me further - but who knows what the media is saying and what's actually happening.
TLDR: the interest rate the US government borrows at, was higher for a 2-year loan than a 10-year loan.
*Why this matters: the last 7 economic recessions were followed by this rare occurrence.
2. Being in the epicenter of tech, here in San Francisco, I hear about (and see first-hand) a lot of ridiculous things: perks, stories of terrible management of people / finances, and outrageous spending. All these sorts of examples make me certain we'll hit a recession sooner rather than later.
Here's a great (hilarious) example of exorbitant spending, the name of the article says it all: Deflated, Uber May Swap Anniversary Balloons For Stickers To Save $200K Per Year
3. Should I rent or buy a home? "The 5% Rule" will help you decide.
However, given the median listing price in SF is $1.3M, buying in the city seems unrealistic, at best, and demoralizing at worst.
4. Speaking of decisions, I love the concept that Tony Robbins' outlined on Tim Ferriss' blog that stated:
"Our lives are shaped not by our conditions, but by our decisions."
He goes on to boldly claim: "What I've come to realize is that the single most important decision in life is this: Area you committed to being happy, no matter what happens to you?"
The whole article is super worth the read!
5. I'll leave you with the following quote, it keeps popping back into my head...
"You can have anything but not everything."
- David Allen
Hope to see y'all next week!
Cheers,
Brendan J Short