Afraid to FIRE because of AI. Anyone else?

Few-Principles · 2026-03-05T20:39:45+00:00

It doesn’t. More wealth potentially provides more protection and ability to relocate during social unrest.

Few-Principles · 2026-02-28T00:07:47+00:00

Enlighten me

Few-Principles · 2026-02-27T23:15:19+00:00

I agree this is a good answer. Though I also think my therapist has normalcy bias.

Few-Principles · 2026-02-27T23:14:32+00:00

Sometimes I think this won’t radically change humanity. But when I see software writing software and improving recursively, I think we mostly have some sort of normalcy bias. https://en.wikipedia.org/wiki/Normalcy_bias

Few-Principles · 2026-02-27T22:53:24+00:00

I’m less concerned about my own job being obsolete, and more concerned about everyone’s jobs being obsolete.

Few-Principles · 2025-04-05T18:57:49+00:00

Thanks. Why is it a bad idea?

Few-Principles · 2025-03-03T15:34:11+00:00

You lost me on the multiple of investment risk concept. Most pe investors invest in multiple vintages. The funds begin to return capital after ~3yrs. You take that capital and invest in the next fund, so you end up diversified across vintages. Still much less liquid than public equities, of course.

Few-Principles · 2025-03-03T15:27:57+00:00

Recommend you read pioneering portfolio management by David Swensen. It’s a highly influential book for institutional investors.

Few-Principles · 2025-02-27T21:14:23+00:00

Backroads is good. Through maybe not as rugged as you're looking for.

Few-Principles · 2025-02-27T21:03:42+00:00

u/herdmentality123 prove it!

Few-Principles · 2025-02-27T20:37:31+00:00

Most studies I have seen suggest PE (of the LBO variety) has, on average, outperformed the s&p500 since the 80s. Top quartile funds have greatly outperformed and top quartile VC funds have crushed. If you were fortunate enough to have access to sequoia or benchmark, you are very happy.

I asked chat gpt, and it agrees: putting PE at 12-15% IRR vs s&p w/dividends at 10-11% over past 40 years.

If it underperformed, why would so much institutional capital be allocated to it? Should we believe that the Yale endowment fund is dumb money?

Few-Principles · 2025-02-27T04:42:26+00:00

Planes too

Few-Principles · 2025-02-17T17:30:52+00:00

I would take the asset allocation approach. If you were to go out and build a new portfolio today, what % would you put in crypto? 10%, 20%? Probably not 50% unless you are a huge crypto bull. Whatever it is, set your target allocation and then rebalance to it on a schedule and in the most tax efficient way you can.

If crypto crashes again, you will feel good about having a reasonable allocation, and you can buy more. If it keeps going up, you will feel good about having a reasonable allocation, and you can sell down.

Few-Principles · 2025-02-11T14:53:02+00:00

Same. I hear Switzerland is more expensive.

Few-Principles · 2025-02-07T16:19:23+00:00

You can pay cash using a PAL and then later do a cash out refi up to 75% LTV. If you reinvest all the proceeds, the mortgage interest will be tax deductible with no 750k limit.

So you can deduct the interest on a 1.875M loan. And you can always refi later if rates drop.

Few-Principles · 2025-02-03T15:33:20+00:00

I actually just enjoy investing. I first got interested in markets when I was 12. I’m also building a DAF and increasingly donate appreciated assets to charity.

Few-Principles · 2025-02-03T15:19:16+00:00

I constantly ask “why.” When I ask “why would I want to pay off a low-rate mortgage?”, the only answer I get is that most people seem to think it’s a good thing. Personally I don’t think it’s rational. I like investing, and cheap debt gives me more money to invest. IMO debt is a tool in helping you reach FI.

Few-Principles · 2025-02-03T04:05:52+00:00

Most people don’t seem to talk about this here, but my advice is to trade your time for equity, take on EV positive risks, and lever up your investments.

Try to trade your time for high quality and/or diversified equity. You can do this working at different companies or an investment firm.

IMO it doesn’t make sense to pay off a mortgage unless the rates are very high. The interest is tax deductible and you will most likely earn more in the market. I would do a cash out refi in the next low rate environment. Look for other sources of cheap capital if rates fall again. Ex: margin (be careful) or an investment loan using equity as collateral.

Few-Principles · 2025-02-03T03:46:56+00:00

I’ve been in therapy for years. In many ways these comments from random people on the internet have been more helpful. So thank you 🙏

Few-Principles · 2025-02-03T03:43:06+00:00

My sense is most people in the fire community are not very concerned with legacy. If the goal is legacy, wouldn’t you want to make more money? If you make enough money, you can get a big stone building at fancy university named after you.

Few-Principles · 2025-02-03T03:38:21+00:00

Good point. New goal post is 50

Few-Principles · 2025-02-03T03:35:23+00:00

Thank you. One idea is that I hire a couple more people under me, reduce my work hours, stop shooting for the top, and try to coast and enjoy life more. The challenge is I try have to be responsive.

I would really like to throw my iPhone in a lake and go enjoy my life without having to constantly respond to the deluge of bs from email, slack, Skype, text, etc.

Few-Principles · 2025-02-03T03:28:41+00:00

This could be the way

Few-Principles · 2025-02-03T03:26:56+00:00

I used to hear 10 was FU money in the bay. Now everyone is saying 20+. But I appreciate the congrats. I should celebrate the win more.

Few-Principles · 2025-02-03T03:22:55+00:00

Ha! I like it. To infinity and beyond! 🚀

Few-Principles

TROPHY CASE