YOLO

[Lucantes]

So YOLO away, but stay the hell away from my checkbook.

 

[FUEGO]

Its a (nominally) free country, so YOLO it up if that is your idea of a good time. The problem is that too often these induhviduals create problems for themselves and then expect everyone else to pay for it. Who got bailed out/could strategically default when house prices crashed: the no money down leverage to the hilt crowd, or people like me that put 20% down, took a 15 year mortgage and paid extra every month on top of that? I took it in the ass while the YOLO crowd walked free. So YOLO away, but stay the hell away from my checkbook.

That's why I think it makes sense to take a YOLO approach at some point. Let someone else cover you for the fat tail events, since we're all covering the slightly less than fat tail scenarios of others.

 

[brewer12345]

That's why I think it makes sense to take a YOLO approach at some point. Let someone else cover you for the fat tail events, since we're all covering the slightly less than fat tail scenarios of others.

Actually, I have come to the conclusion that everyone else is crapping down the town well, so I am going to stop hiking to the next county to relieve myself. I will take whatever I can legally get (Obamacare subsidies, legal tax structuring, etc.).

 

[FUEGO]

Actually, I have come to the conclusion that everyone else is crapping down the town well, so I am going to stop hiking to the next county to relieve myself. I will take whatever I can legally get (Obamacare subsidies, legal tax structuring, etc.).

Welcome to the party, and enjoy your nice cup of "cucumber" water from our town well! YOLO, right?

 

[Walt34]

This is also known as The Tragedy of the Commons.

 

[brewer12345]

Welcome to the party, and enjoy your nice cup of "cucumber" water from our town well! YOLO, right?

I prefer to drill my own metaphorical well and keep a water filter handy. And I ain't sharing.