so the point is protecting your wealth against inflation and continuing the compounding over long stretches of time.

you can liquidate as required or even borrow against it like the very rich do.

I think being curious, always learning, being likable and good at interviewing (leetcode and sys design) don’t need a college degree after a few years of technical experience.

Everyone assumes I have a cs masters because that’s common at faang.

If I could get a do over though I’d just get the cs degree. I think there’s some value there.

I suspect it’s the same for other information workers.

I’m trying to add some variety so look forward to hearing your ideas.

Comments URL: https://news.ycombinator.com/item?id=39248604

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I think there’s a subjective component where it does feel like a big deal no matter what savings you have. But objectively if you can cover expenses for a year then it really is ‘meh, no biggie’ .

This is a straw man as most people understand investing in indexes as buying a an index that tracks the s&p.

>If you are picking S&P as your champion, then I am allowed to pick a hedge fund as my champion.

You are making a false equivalence. The s&p is a proxy for the us market and therefore is a benchmark. It captures the captures the bets placed by all market participants including citadel.

Citadel does something beyond buying and selling equities to generate that alpha. And it’s likely not just restricted to equities. Nonetheless they are an outlier. Which is the point I was making. Most people won’t do better than the us market in aggregate over a similar stretch of time.