Quote:
Originally Posted by Tyrone Slothrop
People may be talking about mid-May, but people are also talking about malaria cocktails that cure the disease. There is a lot of wishful thinking out there. We talk to our major corporate partners and our VCs, and planning for months and months is much more prudent if we want to have a company at the end of the year. Other companies will have better and worse odds of riding this out. Our sector is probably more impacted than most. I think it's great that you are putting people on furlough so they don't lose their health insurance. I wish we felt we could do that.
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Oh, I don’t disagree with you. I think it’s prudent to assume the worst case scenario. I am merely noting, there is no government intervention which can keep us a functioning society if this thing should go more than two, three months at the most. I think you should build that in as an additional “super worst case scenario.“
We are currently making decisions in part based on consideration of a possible “doomsday situation.” I may not buy a gun, because I have never wanted one in my house, but I may buy a safe.
I know one fairly affluent person who recently avail himself of the right not to pay his mortgage for the next three months. I asked why, given that he can easily afford it. His view was, you can never have too much actual cash on hand, and if things go really badly, why the hell would you want to have wasted that money on your mortgage?
