3 ms·
To play devil's advocate here... Would you want an advisor on any sector who had zero investment (monetary or otherwise) in that sector? And it is totally sta
by LatteLazy 4y ago
To play devil's advocate here...
Would you want an advisor on any sector who had zero investment (monetary or otherwise) in that sector?
And it is totally standard in the US (and UK) for law makers themselves to invest, vote, and divest, literally being paid by the market for their support. So why shouldn't a mere advisor make a long term investment? If this behavior is wrong, ban it for everyone, don't pick on one guy because he used to work at Google...
- danielmarkbruce 4y agoThis. If someone has no conflicts of interest, they aren't really in the field. Everyone on that board had conflicts and it will always be that way. You can manage around it, sort of. It's like those who complain about the revolving door between the department of treasury and financial services industry - do we want people who actually have a clue? The only way you can get a clue in many situations is by being in the industry.
- 8note 4y agoI'd want them invested in broad indexes of the sector - somebody invested in OpenAI would be incentivized to make it illegal to open source model weights, which is great for the one company, but bad for the overall sector. I'd also want advisors who aren't invested at all in the sector, since they can advise in a way that isn't about driving growth in the sector
- danielmarkbruce 4y agoThis would be nice in theory - in practice there are almost never any people who meet this + actually understand the technology or industry. At least in my experience, people outside the industry don't understand it, ever. They sometimes think they do, but they don't.