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What do you think’s happened to shareholders who held all these tech stocks that are down 90%? They’ve lost 90% of their money, by definition

bjourne 4y ago
I'm not sure this is an answer to my question.
- adam_arthur 4y ago
  Where is the disconnect? If an investor does poor due diligence and doesn’t put the work in to determine a reasonable fair valuation for a company, and then loses their entire investment, that is just. If board members give bad advice and the stock falls, they incur losses. These are just outcomes. Most people would agree that attending a 6 week bootcamp shouldn’t entitle somebody to a 200-300k job. And it won’t in the near future. You’ll have to do a lot more to achieve the same comp going forward, just like every other industry. There’s nothing special about tech, it was just a nascent industry in boom times. No longer
  - throwaway675309 4y ago
    "Most people would agree that attending a 6 week bootcamp shouldn’t entitle somebody to a 200-300k job. And it won’t in the near future." People agree with that because it's true, developers landing those kinds of jobs are people coming out of strong universities (Stanford, Berkeley, etc), already have connections, or are senior level positions. Nobody comes out of a code camp having just learned react and lands a 250 K position. Not sure where you got that information from but that's a serious outlier.
    - adam_arthur 4y ago
      FAANGs and unicorn startups hire the people who pass their interviews, which has nothing to do with what school they went to. They hire people straight out of bootcamps, and schools of all tiers. And many with little skills could grind leetcode and make 200k with no past experience. I became wealthy through egregious tech pay, I’ve seen it all firsthand. Were you asleep at the wheel through the whole Covid bubble?
  - piva00 4y ago
    I don't think you have answered it yet, do you believe that shareholders, CEOs, board members, etc. are paid justly for the work they produce?
    - adam_arthur 4y ago
      That wasn’t the initial question. Shareholders clearly get paid commensurately with their ability to make wise investment choices. There’s nothing more equitable than that What other outcome could or should there possibly even be?
      - bjourne 4y ago
        So in your opinion CEOs', shareholders', and investors' compensations closely match their contributions, but 21-year-old college graduates' who make 300k are paid too much for their contributions? What yardstick are you using for measuring "contributions" here?

bjourne 4y ago

I'm not sure this is an answer to my question.

adam_arthur 4y ago
Where is the disconnect? If an investor does poor due diligence and doesn’t put the work in to determine a reasonable fair valuation for a company, and then loses their entire investment, that is just. If board members give bad advice and the stock falls, they incur losses. These are just outcomes. Most people would agree that attending a 6 week bootcamp shouldn’t entitle somebody to a 200-300k job. And it won’t in the near future. You’ll have to do a lot more to achieve the same comp going forward, just like every other industry. There’s nothing special about tech, it was just a nascent industry in boom times. No longer
- throwaway675309 4y ago
  "Most people would agree that attending a 6 week bootcamp shouldn’t entitle somebody to a 200-300k job. And it won’t in the near future." People agree with that because it's true, developers landing those kinds of jobs are people coming out of strong universities (Stanford, Berkeley, etc), already have connections, or are senior level positions. Nobody comes out of a code camp having just learned react and lands a 250 K position. Not sure where you got that information from but that's a serious outlier.
  - adam_arthur 4y ago
    FAANGs and unicorn startups hire the people who pass their interviews, which has nothing to do with what school they went to. They hire people straight out of bootcamps, and schools of all tiers. And many with little skills could grind leetcode and make 200k with no past experience. I became wealthy through egregious tech pay, I’ve seen it all firsthand. Were you asleep at the wheel through the whole Covid bubble?
- piva00 4y ago
  I don't think you have answered it yet, do you believe that shareholders, CEOs, board members, etc. are paid justly for the work they produce?
  - adam_arthur 4y ago
    That wasn’t the initial question. Shareholders clearly get paid commensurately with their ability to make wise investment choices. There’s nothing more equitable than that What other outcome could or should there possibly even be?
    - bjourne 4y ago
      So in your opinion CEOs', shareholders', and investors' compensations closely match their contributions, but 21-year-old college graduates' who make 300k are paid too much for their contributions? What yardstick are you using for measuring "contributions" here?