General comments:
- Most people who make a lot of money all at once blow it within seven years. Check out what happens to lottery winners, jocks, and rappers. As a rule of thumb, you can safely spend 4% of your net worth per year. Pay yourself some fixed amount each quarter.
- You don't have to get into complex investments. Half in some bond funds, half in some diversified stock funds will work out OK.
- Any investment where they call you is probably not very good.
Useful reading, although dated: "The Challenges of Wealth", by Domini et. al.
What to do with your life? No idea. What are you good at?
- I was a visiting scholar at Stanford for a while. But it was the "AI Winter" and not much was happening. Did robotics in the 1990s. Held patents on legged running on rough terrain, ragdoll physics. Ran a DARPA Grand Challenge team. Didn't really lead anywhere. Too early. Still programming. A metaverse client I'm writing in Rust is running on another screen.
- Horses have been good for me. Every day, I go out and spend time with a pushy alpha mare who keeps me in shape. "Riding is the only art which princes learn truly". Horses are not impressed by money. Neither are most riders.
- I've known a few ex-CEOs. One did a lot of reasonable little stuff but never did anything with much impact again. One founded a charity. Another was really into sailboats, and he just kept on with sailboats, crossing the Atlantic and such. He's lucky in having a wife who is also very into sailboats. One guy bought a nightclub, but it loses money year after year.
