Owen_Richardson comments on Simple investing for a complete beginner? (Just… developing world index funds?) - Less Wrong

-5 Post author: Owen_Richardson 22 August 2013 07:15AM

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Comment author: RolfAndreassen 22 August 2013 07:34:21PM *  3 points [-]

Ok, first of all, I wish you the best of luck in your craziness. The time to swing for the fences is when you're young; that's when you can afford to take a couple of risks.

Your description does narrow down the kind of advice you should be looking for somewhat; it's true that most of PG's essays are directed at people who are trying to follow the "standard" route of venture-capital funding to an eventual IPO or buyout. Nonetheless, his advice on how entrepreneurs should act internally, as opposed to their relations with investors, still seems relevant. Try "Relentlessly Resourceful" and "Ramen Profitable" for starters. For myself, I find that I like his writing so much that I treat his essay page a bit like the Sequences: I go back and reread them every so often. So if your taste is like mine, you'll end up reading it all eventually; bwah-hah-hah! That said, the best stuff does tend to be in the middle - the post-YC essays are less interesting.

It seems you are going for financial independence rather than huge wealth; perhaps you are already aware of this resource, but if not, you will likely find the blog of Mr Money Mustache motivating.

And what the heck, while I'm suggesting readings anyway, go have a look at the archives of Joel on Software; as with PG, the best essays are from around 2003-2006, or so, but still very much worth reading. They don't ahve quite the same direct relevance to your project, but Joel seems to have done something similar to what you have in mind - build a company to sufficient-for-my-needs profitability without taking venture capital - so you might find it interesting to have a look at how he thinks. In particular, now I consider it, his Strategy Letter I seems relevant to your situation.

Edit to add: And, of course, beware of insight porn! You don't want to spend more than your lunch break or so reading these authors, excellent as they are. Get some dang work done! :)

Comment author: Owen_Richardson 22 August 2013 11:28:44PM *  0 points [-]

Thank you very much! You are cool and I like you and I will look into those some time! :3

I don't think I have to worry too much about "insight porn". The closest I get is obsessively sampling the products of the nearest thing we have to "competition", noting details of all the ways they screw up and how to avoid those problems (and making sure to hit the few points they ever get right!)...

I'm basically forcing myself to spend these next few weeks landing some cheap-or-free rent and other pre-move preparations.

The theoretical and engineering puzzles of building the figurative machinery are just so inherently fascinating, and the joy I anticipate at watching it all run is compelling. :3