Optionality by Richard Meadows
Posted: Fri May 28, 2021 3:21 pm
I just finished reading this, written by personal finance journalist/digital nomad/angel investor/pizza freak Richard of thedeepdish.org
The title has it - it’s a book exploring optionality from various angles relating to lifestyle design in a broad sense. In short, cultivating high quality options and avoiding getting stuck in various traps like debt, addictions or cults, but in the end making some sacrifice of the optionality you’ve gained to pursue something greater than yourself of your own choosing (starting a family, philanthropy, entrepreneurship etc). I expected money questions to dominate the book, but was pleasantly surprised to find health, skills and relationships being discussed at length as part of a larger whole, with no part really dominating the others.
In that sense the book is reminiscent of ERE, as it broadens the gaze to living well more generally. Stylistically and temperamentally the two books could not be more dissimilar. Optionality reads like a MMM post with a bit more self-deprecating jokes and a lot more depth, and I think the author is more trying to create a loose framework to hang various valuable heuristics from than trying to create a Great System. I found the book intellectually honest, exploring ideas but not being shy about offering caveats or touching on the limits of their applicability.
In practice there is a lot of overlap between the two approaches, and a lot of concepts will be familiar to people here. I think it offers a lot in being so different in style, and in discussing the pitfalls of being to focused on removing negatives, something I’ve grappled with myself. It doesn’t really have the ecological dimension that jacob’s work has, but the strategies presented and the authors personal lifetyle seems in line with the median on this forum, if not perhaps reaching the heights of DLJ.
Speaking of levels, I think this could be a good intermediary step between MMM and ERE.
The title has it - it’s a book exploring optionality from various angles relating to lifestyle design in a broad sense. In short, cultivating high quality options and avoiding getting stuck in various traps like debt, addictions or cults, but in the end making some sacrifice of the optionality you’ve gained to pursue something greater than yourself of your own choosing (starting a family, philanthropy, entrepreneurship etc). I expected money questions to dominate the book, but was pleasantly surprised to find health, skills and relationships being discussed at length as part of a larger whole, with no part really dominating the others.
In that sense the book is reminiscent of ERE, as it broadens the gaze to living well more generally. Stylistically and temperamentally the two books could not be more dissimilar. Optionality reads like a MMM post with a bit more self-deprecating jokes and a lot more depth, and I think the author is more trying to create a loose framework to hang various valuable heuristics from than trying to create a Great System. I found the book intellectually honest, exploring ideas but not being shy about offering caveats or touching on the limits of their applicability.
In practice there is a lot of overlap between the two approaches, and a lot of concepts will be familiar to people here. I think it offers a lot in being so different in style, and in discussing the pitfalls of being to focused on removing negatives, something I’ve grappled with myself. It doesn’t really have the ecological dimension that jacob’s work has, but the strategies presented and the authors personal lifetyle seems in line with the median on this forum, if not perhaps reaching the heights of DLJ.
Speaking of levels, I think this could be a good intermediary step between MMM and ERE.