Downturn career decisions.
When I joined Yahoo In 2008, I received a small number of options. I don’t remember how many–it was very few–but I do know my strike price was roughly $16. I don’t remember that because my strike price was particularly lucrative, but rather because some of my coworkers would complain about t...
Hasnain says:
"I’ll end with some advice to remember next year as the downturn ends and the upswing begins. The personal freedom to ignore downturns comes from financial stability, and the best path to financial stability is taking money off the table whenever you can until you’ve reached financial independence. A lot of financial advice out there is written from the perspective of very wealthy folks. If you’re already wealthy, your goal is to maximize the risk-adjusted expected return of endeavors, often by taking meaningful risk. For example, if you’re wealthy, it’s almost always the right decision to early exercise your equity. If you have millions of dollars, then it’s reasonable to risk $100k now for the potential of millions in reduced tax in six years. That’s not necessarily true when you’re not already wealthy."
Posted on 2022-09-26T03:34:23+0000