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> Not a revenue of $1000, but always being $1000 away from being in debt. On the contrary, the bet posed was "Here's a mathematical question: if you could flip
by Terretta 3y ago
> Not a revenue of $1000, but always being $1000 away from being in debt.
On the contrary, the bet posed was "Here's a mathematical question: if you could flip a coin, with a 50% chance of getting a billion dollars, and a 50% chance of never having more than $1000 in your bank, would you flip the coin?"
It's a cash cap, not a risk statement.
So by the terms, you do just need to set up a way to ensure a cash flow to you while you continue to build up more illiquid safety net and ensure fewer and fewer things cost you money even if you don't own them.
Even if you want to reframe as always being $1000 away from being in debt, that's easy, there are financial arrangements that can let you structure extraordinary assurance that $1000 would never dip below zero, even if you accept it as a narrow lane between the cap and bankruptcy.