NY lockdown extended to May 15th => we’re at 35 days, that would take us up to 63 days.
Close Quarters reminder, when you’re getting fed up, don’t overlap. We needed a couple of days with less overlapping. The storms this week threw me off my game!
Our PE teacher, BJJ Black Belt, lives nearby – gave the kids his # in case something goes down and they need immediate back-up – great guy.
Thinking about theft
- I realized that I didn’t have anything I’d miss at home. It’s one of the benefits of focusing on an outdoor life.
- We have an all-risks policy for a couple of items and comprehensive coverage on our Yukon.
- My life operates on the cloud so there isn’t even a concern over losing my hard drive => a legacy worry from early in my career.
Daughters are a gift.
The Trickle Up Depression
I saw some stats on “ability to work at home” by demographic. I hadn’t focused on it.
- Consider the economy in 20% tiers
- Consider wealth across those same tiers
- Consider unemployment rates by 20% tiers
Early in a downward cycle, it is straightforward for the managerial class to make large visible sacrifices. The senior professional class has been making ~$1,500 per hour for the last decade.
As the crisis continues, and you’ve cut your employees, with compensation rates 95-99% lower than your own, you need to start “looking around the table.”
When we get to that phase, you’ll see asset prices step down.
This is what I saw in Asia in the 90s.
This morning’s training session was #25 in my current plan.
I’m halfway through my 10-week Big Mountain training program and who knows how far through my first stay-at-home period.
The program is challenging and it’s a meaningful achievement to me.
Where are your wins?
More Chinese data discussion in the news.
Best response… worrying about lying is the least of their leadership’s concerns.
Not just them, I imagine.