[rat_1234]

Keeping your fixed costs meaningfully less than your non-variable compensation (i.e., RSUs) is the root of everything he said here. It's that simple.

[lupire]

Less than the recession value of RSUs. They won't go to zero in a recession, unless your salary does too.

[SketchySeaBeast]

Do you keep your RSU's if you lose your job? I think that's the real fear here.

[thebean11]

Unvested RSUs? Of course not.

[SketchySeaBeast]

Then that doesn't seem like a great recession hedge. I think the biggest immediate fear of a recession is losing your job, your investments should be available in that situation.

[thebean11]

I think GP was saying you shouldn't take them into account, not that they are a good hedge.