Matt Chan

… this is true. You can have more choice, and you can buffer situations in your life to some degree. However, once you have assets you have to manage them, protect them, and maintain them. You need to worry about being sued, so you need insurance. You need to hire people to do stuff for you, and you need to manage them. Delegation is really hard.

The moral of this story is that you can have all the fuck-you-money in the world, but left to your own devices, without deep inner work, often facilitated by a great coach or therapist, you’re going to spend your time essentially fucking yourself over.

… of investments to stay within the parameters specified to those who have already invested in them. It’s hard for even hedge funds to make effective long-term choices, because they are always trying to keep their investors happy in the short-term.