## Metadata - Author:: [[joe-reis|Joe Reis]] - Full Title:: Money for Somethin' - Category:: #🗞️Articles - URL:: https://joereis.substack.com/p/money-for-somethin - Finished date:: [[2023-01-07]] ## Highlights - What happens now that money isn’t freely available and data teams must operate under constraints and scarcity? ([View Highlight](https://read.readwise.io/read/01gnfyg8m0x8s2x1a3xfwkqzm0)) - As Keynes said, “the market can stay irrational longer than you can stay solvent.” ([View Highlight](https://read.readwise.io/read/01gnfyh8xa27ngkpp1ct8w2k4d)) - Tags: [[keynes|Keynes]] - Interest rates inversely affect the value of asset prices (stocks, startups, real estate, etc.)[2](https://joereis.substack.com/p/money-for-somethin#footnote-2-92567596). The higher the rate, the lower the asset price ([View Highlight](https://read.readwise.io/read/01gnfyv0g9qw10cpjbf7x3xddn)) - Money is tight, so labor, cloud, and tooling budgets and resulting ROI will be monitored at a very granular level ([View Highlight](https://read.readwise.io/read/01gnfyyqeragmx3b30tfm5485q)) - If your data team was removed, would the business be negatively impacted? If the answer is no, you need to start looking for a new job since you’re probably not the first to ask this question ([View Highlight](https://read.readwise.io/read/01gnfz1edyk3mjcjktb2rv7yc4)) - To understand the dynamics of asset prices and interest rates, look at how low interest rates affect valuations when you use a standard valuation approach like discounted cash flows. Essentially, low interest rates pull forward the expected value of cash flows from the future to the present. https://en.wikipedia.org/wiki/Discounted_cash_flow ([View Highlight](https://read.readwise.io/read/01gnfywn2gv6ys0670vgha3wmm))