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The Rich Don't Penny Pinch

seanmcclure.substack.com

81–83 of 83 posts

Re: The Rich Don't Penny Pinch

#81
post #72

I absolutely hate these sorts of "take a broad generalization, blindly run with it to extremes then pontificate about edge cases in where it breaks" articles. They accomplish little but to indulge online commenters desire to engage in behavior that runs the spectrum from bike shedding to virtue signaling. Of course everyone has a bone to pic with some specific part of the article. Of course everyone wants to elaborat…

Bikeshedding > 1. Futile investment of time and energy in discussion of marginal technical issues. quotations 2. Procrastination. https://en.m.wiktionary.org/wiki/bikeshedding

This misses the essence of bike shedding to me. It can be a sub category of procrastination but it isn't procrastination itself.

My take is that bike shedding is focusing on and possibly inventing a task because you enjoy that task, at the expense of something else more pressing.

I find that the anecdote is useful occasional to bring it up when it is happening without seeming like a jerk

Re: The Rich Don't Penny Pinch

#82
post #40

Earlier quoted context omitted.

It's difficult for me to sympathize with coworkers who have trouble making rent, knowing that they make the same amount of money I do, but have wildly different spending patterns. Juxtaposing $200k+ of student debt with $100+ bar tabs, multiple nights per week (to be fair, the company we were at was on a death march at the time) doesn't seem like taking an opportunity, to use the article's phrasing - it seems frivolo…

Except that sometimes those bar tabs are where opportunities abound, not only for friendship but for future business. Many a startup has been started out of coworkers hanging out together after hours.

Not sure why the downvotes?

Re: The Rich Don't Penny Pinch

#83
post #56

Earlier quoted context omitted.

The world is full of people with a hoarding attitude toward an arbitrarily chosen store of value. They are the ones we keep reading about when we are told poor decisions have collapsed buildings, destroyed ecosystems, caused wars and unnecessary human suffering.

Your view is that ecosystems are destroyed by people who consume less?

Hoarding != Consumption
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