“A recession is very bad for publicly traded companies, but it's the best time for startups. When you have massive layoffs, there's more competition for available jobs, which means that an entrepreneur can hire freelancers at a lower cost.”

American entrepreneur, investor, author, podcaster

Timothy Ferriss is an American entrepreneur, investor, author, podcaster, and lifestyle guru. He is known for his 4-Hour self-help book series, including The 4-Hour Work Week, The 4-Hour Body, and The 4-Hour Chef. Those books made him widely known for advice on optimizing everyday life, though he has since reconsidered that approach. He has also supported scientific research into psychedelic treatments, extending his public work beyond the self-help genre.