Re:Google will pay SpaceX $920M per month for compute
by Grombobulous on Sunday June 07, 2026 @07:52AM
(#48433954)
One can argue that it is also literal safety.
If I’m 70 years old in 2008, the knowledge that my all-equities portfolio that lost 50% of its value would have recovered in 5 years and outperformed bonds/cash equivalents in 10 years is no consolation.
If I’m 70 years old and have $2,000,000, I don’t need to turn that $2,000,000 into $3,000,000, I need to make sure I don’t turn that into $1,500,000 or $1,000,000 before I get a chance to spend it.
If the 2008 crash is a once-in-a-century recession, that napkin maths out to a 20% chance of that sort of thing occurring during my last 20 years of life.
If I’m 70 years old in 2008, the knowledge that my all-equities portfolio that lost 50% of its value would have recovered in 5 years and outperformed bonds/cash equivalents in 10 years is no consolation.
If I’m 70 years old and have $2,000,000, I don’t need to turn that $2,000,000 into $3,000,000, I need to make sure I don’t turn that into $1,500,000 or $1,000,000 before I get a chance to spend it.
If the 2008 crash is a once-in-a-century recession, that napkin maths out to a 20% chance of that sort of thing occurring during my last 20 years of life.