Economics
I could explain why in further detail but basically economics is the measurement of human behavior at scale
And watching the market downturn, only slightly so far, is already presenting some scary results. As prices fall and market pain rises the more I’m hearing of divorce, fraud, and weird pain avoidant activities. I see these two things as directly linked,
What surprises me most, though it shouldn’t, is how many of the “entrepreneurs” I know built their business and platforms on weak foundations that are now crumbling and taking their personal lives and values with them. I spent years learning and practicing diligent personal finance and I just assumed everyone else did as well. These things are not separate they are interdependent, when one fails it often corrupts the others. Its something like:
Core values > structural relationships > personal finance sheet > business finance > personal reputation > business brand
if you need help building said foundations I want this place to be a useful resource, DM me. I got 4 calls this week already about peoples personal and financial lives falling apart in tandem. Worse, this market pain we are seeing is just a little blip of what’s possible. we’ve seen some slowdown but no real retraction or large scale defaults.