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I agree so much with this. I easily lost millions in compensation 2011-2017 by listening to the permabears and being unnecessarily risk-averse. So the theory we
by dougmsmith 4y ago
I agree so much with this. I easily lost millions in compensation 2011-2017 by listening to the permabears and being unnecessarily risk-averse. So the theory went, surely the recovery from 2008 was incomplete/fake/etc. and we were moments from the next Great Depression.
I'm going to let you (all) in on a little, poorly-kept secret, also known as "software will eat the world": The expansion of the software economy is so interminably white hot that macroeconomic downturns are as significant as a buzzing fly. Another one, "Remote work will cause everything to get outsourced". No it won't. There's so much software to be written we can't comprehend it. One could say that humanity has 1% of the programming capacity it needs, and still be wrong because the nature of software makes this without solution.