Why can't everything you just described be done by someone who doesn't have the CEO legal title? The CTO can be the CEO in title, but fulfill the duties of both, with consultation from the "CEO" (pick whatever title you want). Basically inverting the non-technical-founder / CTO relationship, in favor of the technical founder who needs non-technical expertise and guidance, but still wants to maintain overall control of the business.
If you own enough homes in a rental market, you can determine the market rate. An empty house has value simply by depleting local housing stock, since it is giving you greater leverage to drive market rate up.
Of course its less value than actually having it rented, but its still value. Tax code will also allow for softening the loss.
> If you own enough homes in a rental market, you can determine the market rate.
Only if the government has managed to prevent new construction.
Consider this: You aim to buy all 100 units, and then you can charge whatever rent you like, right? What happens is sellers discover you are doing this, and then raise their asking prices through the roof. The result is it costs you so much to get that monopoly that you cannot hope to be able to rent at a profit. Especially if it is possible to create new units for the purpose of selling at a high price to you. And it is possible, unless the government prevents new construction.
You cannot attain a monopoly unless there are major barriers to entry. In this case, it is government zoning that prevents new construction. In California, anyone can sue to block any new housing construction, bringing the construction market to a standstill and hence the highest home prices in the nation.
>Consider this: You aim to buy all 100 units, and then you can charge whatever rent you like, right? What happens is sellers discover you are doing this, and then raise their asking prices through the roof. The result is it costs you so much to get that monopoly that you cannot hope to be able to rent at a profit. Especially if it is possible to create new units for the purpose of selling at a high price to you. And it is possible, unless the government prevents new construction.
This doesn't matter to you as a buyer when the money you're spending is either borrowed, being printed out of thin air, or both.
I'm going to pick an arbitrary number here that's loosely based on top 100 tech companies by market cap.
If you are working for a company that employs at least 1000 full-time engineers, I think you should consider joining a team where every project involves AI in some way, if you aren't already on one. Whether its owning AI tooling, or developing client features that use AI directly, or even just prototyping AI concepts that never launch. The safest roles like research and directly working on the models are out of reach for most people due to competition and position scarcity, but that's ok. There are so many positions downstream from those. The key thing to look for is to be in a position where your AI features can actually turn a profit, which might be rare, but not as difficult to get as an upstream role. But its still fine to be in a role that isn't profitable.
I think AI-adjacent roles will either be the first or last fulltime SWE jobs to go during the next tech downturn, which I don't think we are in yet. I am betting on the latter, because I think corporations will continue to reroute more and more funding towards AI all the way down. Even if the current AI cycle ends up as a failure, we are already in the sunk cost stages of commitment. There is no turning back without anything short of a total collapse.
Sounds like the long term trend of companies hollowing themselves out by prioritizing sales and cutting “cost center” activities like engineering the product, manufacturing, support, R&D, and the overhead in running a company.
I've done it repeatedly over the past ten years while DCA'ing. I basically made my own custom funds with 5-10 stocks, set daily purchases for a specific amount, and didn't think about it. Unfortunately I didn't invest enough each time for the amount to be significant, and I also stopped DCA'ing as soon as I couldn't resist checking, saw that I had reached or was approaching a 10% loss in my overall DCA portfolio, and stopped the auto-buys because I felt like I was starting to burn money, when this was actually the best time to continue investing. I haven't sold anything either though. Overall I'm up 80%, which is only $50k.
I think DCA is the most effective investment strategy. Unfortunately I don't have the discipline to keep it up during a downturn. Next time I try it again with picked stocks will be my 4th time, but for now, I'm doing it with index funds. I'm not going to feel as inclined to pause my purchases during an index fund downturn.
No, I went under significantly multiple times, including 80%+ losses that eventually reversed on some. Though these dips wouldn't have been as drastic if I had not stopped DCA purchases.
Shareholders of publicly traded businesses have governance power; they can vote for or against board members and policy documents.
Perhaps this is one of the concerns with the rise of index funds— fewer investors make use of their governance power and the index funds just vote according to the recommendations of the current board.
Your participation in the multiple threads about this tonight is extremely suspicious if you're not someone who has a vested interest in preserving the integrity of Netflix's brand, as both a product and an employer.
That’s right I was referencing the meme. However the scale argument seems to apply to faang and those inspired or derived by them. “We do things at scale” can become an excuse to ignore individual voices, whether it’s users, customers, or external criticism. Which in turn enables all kinds of delusions.
There's a recent (2022) game called Ixion with an exploding moon premise. I initially saw it promo'd during a Steam sale, didn't buy it based on some very critical reviews regarding gameplay, and then forgot about it until seeing it mentioned in the 1d6chan Grimdark article.
I spoiled as much as I could short of playing the game, and then skipped through a full play-through on Youtube.
https://www.youtube.com/watch?v=DvPyoPRgrFQ is a good synopsis (full game spoilers). The main writer did an AMA on Reddit with some questions answered, but also made it clear that some things were simply unfinished, or just left up to interpretation.
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