Liberal Forum

I grew up in an “upper middle” class neighborhood (aka a slightly nicer working class neighborhood), and it’s amazing how many of the people look down on my parents cause they were not as wealthy and had to downgrade. They’re all those wealthy white liberal types too. Everyone there is just obsessed with their job titles and the accomplishments their kid made in high school. It just all feels so fake.

This is why you keep $10-30M across brokerages and banks so you can laugh at these cockroaches…

(And no, you don’t keep it in RE since RE is bubbly) 

As someone who’s been in the middle of the stack at multiple Fortune 500s, I can assure you that the top two categories work 15 hrs per week and contribute nada.

CEO’s 80 hour work week: 

10 hours golf

20 hours meetings

10 hours taking care of kids (attending junior’s boring soccer games)

15 hours showing up to the company to bother mid level managers and occasional peons (employees) with trivial nonsense 

15 hours finding and talking with McKinsey/Bain consultants who will happily bill the company $1000/hr to make some fancy presentations that are 80-95% divorced from reality

10 hours finding ways to slash / minimize expenses (“How do we get Johnny to do the work of 3 employees since we need to lay off several divisions?”)