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Looks to me like the people that are filthy rich [0] can afford to move so fast that even the people who are very rich in the regular way can't keep up. [0] Wh
by fuzzfactor 8mo ago
Looks to me like the people that are filthy rich [0] can afford to move so fast that even the people who are very rich in the regular way can't keep up.
[0] Which is not even enough, these are the ones with truly excess money to burn.
- bilekas 8mo agoI'm not sure you read the article, it's not referring to financials, but tech debt.
- fuzzfactor 8mo agoI like Fowler and reviewed it well. Are you assuming tech debt has no financial cost?
- bilekas 8mo agoOh sure but it just usually doesn't show up on a financial statement so just seemed a bit strange to be commenting on the financials is all, maybe I misunderstood your context.
- fuzzfactor 8mo ago>it just usually doesn't show up on a financial statement Exactly. That's one of the reasons it's gotten so out-of-hand. Edit: Thought I'd add that once wealth rises up to a stratospheric degree, the higher it is the less there is a need to get their money's worth. If you could put a dollar figure on it, the biggest can afford more technical debt than anybody theoretically, and they still won't actually have to deal with it. It'll be somebody elses' problem since it's not on the balance sheet. I guess I was commenting on the movers & shakers, not the financials specifically. Good observations you make though.