Radical uncertainty and COVID-19

I have been reading a very interesting book called Radical Uncertainty: Decision-Making Beyond the Numbers. The authors' thesis is that people, companies, and governments place far too much faith in quantitative predictions and measures. The failure of predictions and planning lies in the inherent limitations in our understanding and data. This relates to Nassim Taleb's … Continue reading Radical uncertainty and COVID-19

Rethinking earnings and consumption through life

In the United States, many people are re-evaluating the traditional model of working and saving through life. The traditional model is that you get an education and then work full-time until you exit the workforce entirely and live on a pension, Social Security, and/or savings. In recent years, the Financial Independence / Retire Early (FIRE) … Continue reading Rethinking earnings and consumption through life

There are (at least) two distinct gig economies

There is little question that people working in non-traditional employment (freelancers, contractors, other forms of self-employment) make up a substantial and growing fraction of the working population. McKinsey estimates that about 20%-30% of Americans and Europeans perform independent work. Some estimates for the U.S. are even higher. There are projections that as much as half … Continue reading There are (at least) two distinct gig economies