This is just one example of many on the mistakes, fallacies and shortcomings of some of the more popular and less-studied approaches to financial independence. My approach with HackingFIRE is this: let’s take the idea of the FIRE movement and apply more objective, mathematical and scientific principles to it. Let’s learn how to create scalable, ethical, value-based investments and technologies to provide long-term passive income that is hedged against market downturn and industry disruption. And, most of all, let’s do it with a building-in-public approach. Radical transparency and public study is key to ensuring that all boats rise together, but it’s more than that for me.