Earlier quoted context omitted.
Republic Bank just failed in the past month (not to be confused with the First Republic Bank that failed last year). This newest Republic failure was a bank started by the guy who created Commerce Bancorp which was purchased by TD Bank. The guy is a piece of work: https://archive.is/DwtAx (I wouldn't say he is young but really not the guy for the job given the history and the banking environment now)
First Republic Bank didn't fail. It was bought by JPMorgan. No customers lost any money.
Taking Risk
301–304 of 304 posts
Re: Taking Risk
#302Not the UK, but I'm a Californian who lived in Ireland for ten years. The risk aversion is _intense_. Me: "I want to build a house" My Irish friends: "That's a bad idea, you will fail, it could fall down, you don't know anything about houses". They were extra horrified that I didn't want to build it out of concrete blocks because "you can't build a house out of wood" My Californian friends (but one in particular): "F…
I also live in Europe (Germany & Austria) and what you're saying is 100% true. I like Europe, but I really miss the positive everything is worth a shot attitude in America. Everything here is no, no, no, why would you do that? It's so demotivating, and G-d forbid you make a tiny mistake! Long term I also don't see how this place won't just keep getting poorer... unless there is a major attitude adjustment in the near…
I'm an "expat" living in Germany and am also thinking of moving to US/CA for the sake of living in a different environment that is more can-do, even if I don't end up starting my own thing.
I keep trying to convince myself that day-to-day life in Germany is great, e.g. low cost of living, low crime, etc. but I'm wondering if I'm just comparing to the worst parts of what I hear about the USA on the internet. It's a large place anyways.
i.e. what if I moved to a reasonably priced city with a similar crime rate, get a reasonable amount of insurance. Has anyone done that?
Re: Taking Risk
#303Earlier quoted context omitted.
I'm in the same boat. I've been chasing my tail for the last 6 years, just trying to keep my head above water financially. I'm a computer hardware engineer so the pickings are slim to none outside of the military-industrial complex, which pays shit outside of sales and executive management. Ended up at one of the big US semiconductor companies where I got paid 1/3rd of what my peers in the US earn, with similar expen…
I honestly think if you asked the average Brit on the street what an engineer was, they'd say "it's someone who MOTs your car".
That's because in most if not all anglesaxon countries, engineering is not legally protected unlike doctors or lawyers which further affects the engineering profession and mixes it with the role of technician.
People use engineer and technician interchangeably even when the gap of skill and knowledge between both is huge
Re: Taking Risk
#304Earlier quoted context omitted.
I'm in the same boat. I've been chasing my tail for the last 6 years, just trying to keep my head above water financially. I'm a computer hardware engineer so the pickings are slim to none outside of the military-industrial complex, which pays shit outside of sales and executive management. Ended up at one of the big US semiconductor companies where I got paid 1/3rd of what my peers in the US earn, with similar expen…
I have a question. What if there was a place that you and a few colleagues could go where you could have your living space and office space provided, basic food served, and basic amenities. Such a place would probably be somewhat isolated and probably not in your own county. If such a place existed that catered to founders in exchange for minimal equity, is that something that would interest you, theoretically?
Sounds like the house from the Silicon Valley show