4 ms·
I have a single peeve with this otherwise excellent article: "My after-tax salary is less than $100,000 USD/year, so by definition it is impossible for me to ex
by Smaug123 11y ago
I have a single peeve with this otherwise excellent article: "My after-tax salary is less than $100,000 USD/year, so by definition it is impossible for me to exercise my options without borrowing money."
This fact isn't true "by definition". It's true "by arithmetic". We say a fact is true "by definition" if it isn't true for any other reason. [1]
[1]: http://lesswrong.com/lw/nz/arguing_by_definition/ http://lesswrong.com/lw/nz/arguing_by_definition/
- Rapzid 11y agoLast I had options there were companies(etrade in my case IIRC) that will do the whole buy/sell for you; they flip them instantly and give you the cash. I suppose that depends on the type of options and how the company has it setup?
- isolate 11y agoIt's not even a fact - she can exercise the options more slowly than she is given them and still exercise all of them.