deltree7

If this triggers you, Please resign.

Sometimes corporations face tough intense competition, where margins are pressured and products need to be shipped or media/government/bad actors go on a propaganda. If you can't handle that please join a steady, stable electric company or join the government.

It's the current wave of entitled generation, who want more than what the market reality can actually pay them. They were cuddled by free interest rates, above average pay first and then during the pandemic by the government. The companies also went along with prioritizing mental well-being, self-care, full-pay-for-no-work culture.

The tech workers are under the false assumption that they have the upper hand, in the midst of higher interest rates, competition between companies (reducing profit margins), AI (boosting non-english, non-western workforce skills higher bringing them near par to average western knowledge workers).

Companies will accelerate firing and blocking these groups going forward.

There are two kinds of people

* People who have built companies from 0 to $Trillion (making a lot of employees incredibly wealthy)

* ^^ People who give free advice on the internet ^^

Do you check the the inspection sticker of every elevator, train, restaurant, building that you enter?

HN has been brainwashed by Progressive Universities and reddit. Period.

People who are anti-Cramer are as worse as people who follow Jim Cramer.

Real successful investors pick useful nuggets, ignore or don't care about Jim Cramer.

I prefer ownership at a Task/Artifact level.

A Role-level definition severely limits one's ability to grow, get holistic/big picture view and leading to "That's not my job" mentality, all because someone arbitrarily put a line, not dissimilar to culture or standard of living differences between arbitrary political lines.

SumatraPDF is one of the few reasons why I still use Windows. Glad to hear the relentless focus on speed.

At the end of the day these are all arbitrary distinctions, which ultimately leads to silos, turf-wars and 'definition-nazis'

Companies are always in the lookout for and hire great talent.

When they say hiring freeze, it usually means they will stop hiring a generic cookie-cutter person or fresh graduates

Exactly! If you look at HN comments you'd think they all live this perfect life, never introduce bugs in their software, never make poor financial decisions (including mistakes of omissions).

The whole comment section becomes a cesspool whenever Meta/Mark or Elon is discussed

I read "Fooled By Randomness" 20 years ago :)

Your rebuttal, is exactly my point. Leaders make strategic bets all the time, especially in the tech world where you have to constantly take risks. Not all of them will come off and leaders have to shut-down / layoff people when bets fail.

I'm admonishing OP for cherry-picking the time when leaders made the wrong bet.

If it were a bet that it was overvalued, the minute it reached fair valuation, the ETF should have been dissolved and distributed the funds.

The fact that it still exists means, they are happy to collect fees from gullible people who are pro/anti large-internet-personalities.

It is down 25% YTD and 40% from it's peak.

Yet another ETF created for gullible meme-driven investors

This is designed for gullible people who think Inverse Cramer will beat the market

Hint: It won't

Hint: Inverse ARK is down 25% YTD and down 40% from peak.

tl;dr Memes are not the way to base your investment decision on

So you have never created a bug in your life? Made a mistake?

Your statement is as naive as "A Production Bug / Latency is a sign of Incompetent Software Developer" Should we fire you as soon as you hit the first bug?

BTW, You have a fundamental misunderstanding of Cost of Capital

Tomorrow if your salary is cut by 50%, would you cut-down on extra expenses? Is that a sign of mismanagement from you?

Real Estate from 20/21 appreciated 20-30%. With leverage you'd see 100%-200% returns. You can always sell now and realize that gain. At the end of the day, however you look at it, it'll be one of the stupidest financial decision you've made and you should take responsibility for it

Where is this magical "elsewhere" part where there would be no layoffs?

It's mind-boggling that we have raised a generation of people who are absolutely clueless about "Cost-of-Capital". It is worse than people not understanding democracy

How many financially bad decisions you made in 2022?

Did you buy real-estate in 20/21 when the mortgate rates were 2%? If you didn't that's a terrible decision. Did you take responsibility and fire yourself as the primary bread-winner for your family? Why not?

Did you buy any high-growth tech stocks in 2021? If you did, that was a terrible decision.

Any idiot can arm-chair hindsight decisions

They have better metrics than random anti-corporate HNer who is typically clueless about accounting, marketing, lead-gen?

Even the bottom 10% of US population are pretty comfortable.

Most of the problems are pretty much self-inflicted (addiction, homelessness) than any fundamental wealth issue.

Retirement for physical, strenuous work is different from retirement from knowledge work. Most 70/80/90 year olds would like to keep their brain sharp and no better way than creating artifacts (that has potential value that can be exchanged). There will be a marketplace for 70+ year gig work, especially as Gen X, Millennial hit that age

Google's Market Cap was around $1.4T last year.

A $1.4T should generate at least 2*(10 Year Treasury Yield) or 8% or $110 Billion in profit.

Else, shareholders can simply buy 10-Year-T to earn risk-free profit.

So Google isn't generating enough profits at the current economic conditions.

Exhibit A: How massively clueless even HNers when it comes to Math/Finance/Economics. These are people who vote progressives and anti-corporate agenda

It's amazing how many people are clueless about Math/Economics and the importance of profit generation that feed into next generation of innovation/employment.

Tobacco companies publishes pro-tobacco research : Reddit/HN --- Pitchfork, Pitchfork, Pitchfork

Anti-Corporation dude publishes anti-corp research : Reddit/HN --- Bow, Bow, Bow

It's unbelievably pathetic how smart people can be easily duped as long as it fits their narrative. Yeah, it's the same crowd that feels superior over QAnons

Geez, if this is your biggest problem you life, you are indeed leading a very privileged life.

Count your blessings

If you want a more nuanced conversation, it's saying I swiped left on Anne Hathaway (or an equivalent desirable partner) on dating sites, when more likely that person would reject an average person.

The fact that OP had to mention "I rejected a recruiter email" means he is utterly clueless about what it takes from Recruiters email to offer-in-hand and 99.9% will be rejected by Amazon

OP implying that he rejected Amazon while statistically Amazon will reject him

It's the same reaction you will have If I pollute the comment section with "I'll never date Anne Hathaway".