Closet_Gamer
Thinks s/he gets paid by the post
There is an old quip that “growing old is the most unexpected thing than can happen to someone.”
This applies to careers as well. I was fortunate to work in a growing business within what was, for decades, a growth company. But I always had in mind that things to don’t grow to the sky and no one should assume that will have control of when they are asked to leave a company.
So, I was a very disciplined seller of both options and restricted shares along the way — with lots of colleagues saying I was dumb and should just hold options until they expired after 10 years.
The stock is now down 40% off its high and virtually all outstanding employee options are now worthless. I know many people who should be able to walk out the door who are clinging fearfully to jobs hoping “the stock comes back.” There is no reason to think that is realistic.
People always assume what’s happening today will continue. Reality always says it doesn’t
!
This applies to careers as well. I was fortunate to work in a growing business within what was, for decades, a growth company. But I always had in mind that things to don’t grow to the sky and no one should assume that will have control of when they are asked to leave a company.
So, I was a very disciplined seller of both options and restricted shares along the way — with lots of colleagues saying I was dumb and should just hold options until they expired after 10 years.
The stock is now down 40% off its high and virtually all outstanding employee options are now worthless. I know many people who should be able to walk out the door who are clinging fearfully to jobs hoping “the stock comes back.” There is no reason to think that is realistic.
People always assume what’s happening today will continue. Reality always says it doesn’t
!