I read that rich people are having fun playing survivalist.
And why not? No harm in it, and just like our years’ supplies, they may do some good during those horrible catastrophes that history tells us are inevitable but that our daily experience conditions us to believe can never be. There are black swans–course changing events that we could not have predicted–and there are white swans–course changing events that we could have predicted but sure didn’t.
All the same, most plans for real catastrophe are silly.
Like Taleb’s black swan investment strategy they mostly assume the continuity of the government and current Overton windows.
Or else they are fundamentally nihilistic. Live in a luxury-stocked bunker somewhere eating down your luxuries waiting or hoping that someone else puts civilization back together, comforting yourself until you die. There is no future in that vision.
The rich guys who buy farm land are at least thinking a little, though not very much at all.
Here is what a rich guy who thought it through would do. (more…)