The Last Trip of 2022

It’s the last trip for me today. I head to the UK for a few work things and then my wife is coming over to take a quick vacation to Portugal.

A hard life, I know.

In any case, I’m excited to go back to the UK and see colleagues and friends. Should be an exciting two weeks for me out of the country.

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Investing in Another’s Career

Years ago my son asked me to buy him a copy of The Unincorporated Man. It’s a science fiction book about the future, economics, and sentient AI systems. It’s the first part of a series of four, and I’ve enjoyed reading them all. I highly recommend them if you like science fiction.

In any case, I was reminded of the series when I saw this article from the New Yorker about selling shares in yourself. It’s part of the premise behind the Unincorporated Man, where every person is their own corporation and sells shares of themselves to finance their careers. You could sell shares in your future earnings to finance education or some other investment in your future. In return, you have to pay back that value through dividends.

I don’t know if this is a good idea, and it goes a bit sideways in the books as your “shareholders” can hold sway over which jobs you take and when. They do this to maximize their return on investment, putting their interests over your desires.

While selling yourself in your early education or career is one thing, what about doing after you have had some success? The article linked above talks about this, where some entrepreneurs who have had some success decided to put all their assets and debts into a kind of fund and sell that on the stock market. They are doing this as individuals, not as a company. Essentially, you invest in their careers and their potential.

They, and others, want to bring this to others, essentially bringing venture capital to people who are early in their careers. This allows others to speculate and invest in artists, athletes, and other professionals. This might allow people who aren’t rich to absorb the risk of pursuing their career goals.

It’s an interesting idea, but I do worry about the influence investors might have over their investments. It’s one thing to invest in a hands-off manner and hope things improve. It’s quite another to attempt to manage the investment because of the number of shares you hold. Plenty of companies have learned that investors are not always willing to trust in existing management. What happens when that management is you?

I loved the book, but I don’t think I’d want to follow this model. Instead, I like the Kickstarter and Indiegogo models where someone can produce a product or work of art, and others can choose to invest or not for that one project. To me, that’s a better way of allowing investors to support those that want to change their lives through by pursuing their craft.  Pursue some endeavor, selling shares to fund your efforts with future dividends or perhaps access to the end result.

Steve Jones

Listen to the podcast at Libsyn, Stitcher, Spotify, or iTunes.

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Daily Coping 28 Nov 2022

Today’s coping tip is to broaden your perspective: read a different source of media.

I’m off to the UK today. I tend to read books a lot when I travel and not embrace too much media, but I’ll try something new today.

In general I aim to avoid a lot of news. I like David Perell’s advice: Don’t read the news and read independent writers. Books or things that might stand the test of time.

So I subscribed to the Browser for now. I’ll see how I like it for a few weeks.

I started to add a daily coping tip to the SQL Server Central newsletter and to the Community Circle, which is helping me deal with the issues in the world. I’m adding my responses for each day here. All my coping tips are under this tag.

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Republish: Securing Your Instances

I’m off today, enjoying the Thanksgiving holiday with family, so you get Securing Your Instances again.

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