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2022 is/was a terrible year for a lot of people in specific areas or regions of tech, but was it a terrible year across the board? The only fundamental shift I'
by wintogreen74 4y ago
2022 is/was a terrible year for a lot of people in specific areas or regions of tech, but was it a terrible year across the board? The only fundamental shift I'm seeing is back to some semblance of rational thought and expectations, but I've been through a few of these so might have different goalposts. For me 2022 was a "2000-light" year.
- time_to_smile 4y ago> some semblance of rational thought and expectations The other day I overheard someone asking when investors would stop caring about profit so their company could get back to focusing on growth. It was really a testament to how long we've been in the bubble. There are people out there who earnestly don't understand that the raison d'etre of a publicly traded company is to generate profit and value for shareholders. Their entire careers, which may be nearly a decade long, have been in a world where revenue growth was all that mattered. I've seen people sincerely perplexed with a company's stock drops when they beat revenue at earnings while ignoring that their cost growth outpaced revenue growth. From what I've seen we're still only at the borderlands of rational thought.
- andrewclunn 4y agoAll ideas that are true generally, when treated as axioms (and then devoid of the context from which they were derived) eventually lead to irrational thought and behavior. "Modern" economic theory and investor capitalism seem to have perverted, "a rising tide lifts all boats," into becoming accustomed to surfing on tidal waves.