RE: A Quick Fix For A Broken Capitalist Society
So many things!
Ivory backscratchers was great writing. Instant visualization and really funny!
Dragons Den/Shark Tank are a literal obsession to me. I watch the us, uk, cad + aus versions and some online stuff as well haha. This past year I even went to an audition for a business i knew wouldnt make it so I had an idea of what to expect when I go in for real. So if you ever want to start a DD support group @cryptogee, I'm definitely down!
I think the Germans have it right. It seems like literal insanity to do reporting quarterly. How can you ever feel comfortable working towards meaningful growth when you have to be looking over your shoulder every time you spend a dollar? And for what? So the people who dont actually need the extra couple of bucks in the majority of cases can high-five their accountants? What's the point? And more importantly, what's the endgame?? Are they all just planning to be buried with their platinum cards or is there some actual meaningful substance behind all this thirst for instant financial gratification?
Madness, pure madness.
Haha, thanks @ltm :-)
I think I would be down with that DD support group!
The worst part of the shareholder model, is people who aren't actively involved with the company in any meaningful way apart from money, get a say so in the running of it.
Like you say; pure madness!
Cg
Exactly what you see in poker and professional sports especially, complete lack of understanding of variance. Like in baseball, guy who averages screwing up 7 times out of 10 is the king until he suddenly screws up 8 times out of 10 over a small sample size and now he's a bum. Same thing you see in the market, especially with startups, price goes down once and some people can shake it off as a bad run, but the second time everybody's getting fired and the entire business model is getting flipped on its head. It's like, guys, it's been a couple of months, chill the fuck out!
Yeah, there was a whole management consultant faze in the late 90s early noughties, where they would come in and implement "change management". Which basically meant sacking half the workforce and giving the other half double duties; that sort of thinking crippled a lot of business in the longterm, after sorting them out for 5 minutes.
Cg