The inefficiency of large companies is widespread. In many there are layers of managers whose jobs are little more than to attend meetings with each other and tickle down the bare minimum of requirements to delivery teams. So it's no surprise that they can be willingly blind to the inefficiency of the process that guarantees their job.
My story of being paid to do nothing involves spending a month waiting for my own PC and login details at a large corp, being billed at $1200+ a day. It was mind-numbing and demotivating and I soon left.
Hopefully these experiences made me a better manager when I started hiring contractors. I always had a computer & user account ready, scripted any local environments needed and work lined up, plus never asking them to start first thing in the morning due to my experience of waiting around in a new office whilst waiting for everybody I needed to arrive and have their first coffee. Just because somebody is a temporary contractor doesn't mean you can't show them some respect for their time & profession.
True. Remember that as well. I think I worked remotely for another client while I was waiting 3 weeks (paid) for my login, so had 3 weeks of double pay.
My record is about 9 weeks to get onboarded enough to do work, where "onboarded" was getting my Laptop to work and login and access to a few critical systems.
These kinds of costs are baked into every level of the company. This is a place where they calculate it costs about $30,000 to add a period to the end of a sentence in a static website.
A couple of decades ago most people I knew were spending considerable time thinking about the best folder structure to use to manage large collections of MP3s (and then making them available on Limewire). Then you'd move over selections to your or someone else's MP3 player.
One great product of this among my friends was the MP3 mix tape swap parties. You'd select a bunch of your favourite songs and put them on a thumb drive, then go hang out at a friend's house. All the MP3s would be put together, virus checked and then copied to everyone's thumb drives. It was a great way of discovering new music.
Perhaps they meant digital download sales such as Bandcamp & Beatport and less so for iTunes, Amazon, etc... as there are still real revenues to be made from selling digital music. It all depends upon how many middlemen between purchaser and the artist but vinyl adds in unavoidable production costs, risks of unsold stock, etc... versus Bandcamp where there is little upfront cost, low risk and low transaction costs.
> Why hasn't the UK been able to create any local tech giants?
In the UK there are several tech or tech adjacent companies valued in the tens or hundreds of billions such as ARM, BAE, Revolut, Sage and delivery companies like Deliveroo & Ocado are tech equivalents. Sure there could be more but given that the UK only recently came out of 14 years of being run by pro-capitalist, pro-privatization, small-government conservatives, I don't think it's 18 months of weak Labour rule that is the issue. Personally, from having spent half my life there working in tech, I think it's more a mix of culture and market size.
I often hear "why are the big tech companies only in the US" but there are big tech companies all over the world that people haven't heard of because "we" have a US focused media. The big 7 do definitely dominate globally but I'd argue that this isn't actually a healthy situation or model that other countries should emulated. I suspect smaller, localized versions of US companies would probably have better consequences.
The truth is more likely that both the junta and local militias have ties to different scam centres. The Myanmar government never does anything for its people, it's motivated by power and money and they were profiting heavily from scam centres until China's patience broke, due to large numbers of Chinese being trafficked and imprisoned at these scam compounds. The junta needs China's support in order to survive. As the junta lost control of the border regions the local militias stepped in to either profit from scams or close them to please China, depending upon what they thought would benefit them most.
i haven’t seen any good evidence tying the Tatmadaw to these large-scale scam operations, while I have seen a fair bit of evidence tying a few of the regional militias.
Many of those regional militias are or were integrated into the Tatmadaw as Border Guard Forces to hold territory against other militias. E.g. the scam centers in Laukkai were run by the local BGF until 2023 when the Tatmadaw lost control to the MNDAA, who then shut them down, presumably as part of a deal with China. The Tatmadaw doesn't control many towns on the eastern border anymore, but they do control Muse near the border with China, where scam centers were operating unimpeded until after that offensive, when the Tatmadaw began to target them with arrests and deportations https://shwepheemyay.org/english-edition/junta-raids-muse-sc... probably to get back on China's good side.
It seems less about access and more about agreeing to the principle that publishing anything unapproved, or even asking anyone for more information than is not approved, is a national security risk and press privileges will be revoked if they do that. It's an attempt by the government to control what the press publishes through coercion, aka chilling.
A few years ago I moved to a country that didn't have Amazon. At first it was frustrating as I didn't know where to shop but now I see it as a benefit with some downsides. Before trips back home I'll look on Amazon for some stuff I can't get here and I'm flooded with Aliexpress junk and sponsored placements for Aliexpress junk. Amazon is hideous in so many ways.
Most people (including me) perceive Amazon based on their 20-year history with it; same day delivery for free, exceptional delivery and service, good prices, etc.
But that is the past; the current reality is boring or expensive prices, crappy shipping and service tending toward shitty, and better deals to be found elsewhere; either target or Walmart on the “high” end or Temu or Aliexpress on the cheap Chinese shit end.
The most important thing for me to break the bonds was to cancel prime. Every time they try to coerce me back in strengthens my resolve to check everywhere else first.
Hah, I quit Prime and they just gave it back to me. No charge. I can't cancel it. I can't figure it out, but perhaps they realized that their margin on me before I canceled was well over the cost of Prime? I'm not sure, but I still only use it a fraction of what I used to...
I am for a medium risk profile and I've already started diversifying. A lot of major "global" or "index" tracking funds are now majority comprised of holdings in Nvidia, Microsoft, Meta, Alphabet and also Tesla. I've seen many supposedly non-tech funds where about 50-75% of their portfolio are linked to this bubble. Sometimes the holdings aren't clear if the fund invests in other funds. As an individual investor I won't be able to react fast enough to a crash, so am being proactive with moving investments so that no more than half is exposed. Will obviously keep an eye on things to reduce that if it looks wise.
The other day I was helping somebody choose some funds to invest in. The majority of "global" or "index" funds we looked into either directly or indirectly had the largest share of holdings in Nvidia, Microsoft, Meta, Alphabet, AMD. Often these were about 50-70% of their portfolio. The returns for the past year look great but the crash is going to be devastating and widespread because so many investments link back to this bubble.
There are plenty of non-US index funds, like EU, UK, Japan and others. There are also indices that track smaller companies rather than just the S&P500 or Nasdaq.
Or diversify in both directions - small US, and big and small international funds.
There are other companies than the magnificent 7. Other boring companies with boring dividends and solid earnings that have nothing to do with tech. Ulta. Pepsi. Chevron. But you sound pretty smart so I’m sure you had a good reason to invest in non us markets.
"I'm a greater believer in luck, and I find the harder I work the more I have of it." - Thomas Jefferson
There's lots of similar quotes throughout time, all about what you say in your list line: to be lucky you need to create as many opportunities as possible to get lucky. You can't win at dice if you never roll them.
Precisely. "Luck" shouldn't be equivocated with "chance." We have two words for a reason.
Show up + embrace awkwardness + be kind and courteous and luck will follow.
My son's Scout troop was lucky this year. They just sold more than $60k worth of pop-corn in two weeks. How? Each kid walked up to hundreds of complete strangers at grocery stores and asked politely - albeit awkwardly sometimes. The exponentially lower-success approach is to sit behind a table waiting for people to hand you money.
The result? Almost 40 lucky kids get 11 all-expenses-paid camping trips and a fun summer camp all for just eight hours of walking and talking. Doesn't matter how much money their families make; every kid gets to fully participate.
What a cynical and dismissive take, of no value to anyone.
Are you saying that no one of color in that era made any worthwhile contribution to the world? Or are you saying that every white person of the era should hold themselves to the standard of achievement of Thomas Jefferson since that is the power of the privilege they held?
I can see it being reasonable to assume the ROI of hard work while in shackles to be insufficient. Well, at least hard work that does not involve getting violent against the shacklers.
For example, would slave women have done the hard work of having and raising slave children if they had the agency to not have them?
Would you work hard at doing something that doesn't scale if you know the federal government will simply reduce the purchasing power of your earnings to maintain asset owners' position in society?
Does it make sense to work hard if there is a high likelihood you will never own land, and hence will always have increasing portions of your winnings taken by a rent seeker? Seems like a bad trade.
There is truth in saying working harder does seem to generate more luck, in so far as, if you lay in your room all day and did nothing, you won't be getting any luck.
It's just silly to paint yourself as this hard worker that got back what you put in, whilst ignoring the ills that you put in. I'm sure he did good stuff because of work he personally did, but it's laughable to think he could get to where he did, if he wasn't born into the planter class.
And no, that doesn't mean if you were culturally disadvantaged you couldn't do anything, it's just a lot harder and you had no free will in that. Every opportunity (and decision, really) is just a consequence of where and when you are, and should be taken not as a personal character assessment. I guess you could argue that means Jefferson is morally fine because that's just the kinda life he was born into so how would he know different, or maybe he just lacks some empathy :P
Of course less famous people also had good work ethics we just don’t have their quotes immortalized.
So all you’ve really done is subsumed any discussion of the merits of the idea itself into a hand-wringing fest about privilege that was inevitable from the beginning and could equally apply to any famous quote from history. I really don’t see the value in this kind of hand-wringing.
My story of being paid to do nothing involves spending a month waiting for my own PC and login details at a large corp, being billed at $1200+ a day. It was mind-numbing and demotivating and I soon left.
Hopefully these experiences made me a better manager when I started hiring contractors. I always had a computer & user account ready, scripted any local environments needed and work lined up, plus never asking them to start first thing in the morning due to my experience of waiting around in a new office whilst waiting for everybody I needed to arrive and have their first coffee. Just because somebody is a temporary contractor doesn't mean you can't show them some respect for their time & profession.
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