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I'm sure some are profiting handsomely, but as a whole the last 3 years has made business in general look pretty incompetent. They all seemed to zig when they s
by dkjaudyeqooe 3y ago
I'm sure some are profiting handsomely, but as a whole the last 3 years has made business in general look pretty incompetent. They all seemed to zig when they should have zagged and vice versa. It makes you think the professionals are not all they're cracked up to be.
I know the pandemic was new and disorienting, but do these people have no contrarian instincts at all? They just look at what everyone else is doing and do that, lest they stand out and be singled out? If you're in a leadership position and you play the "everyone thought X so you can understand why I did too" card you should be fired.
- eru 3y agoMarkets are 'anti-inductive'. See eg https://www.lesswrong.com/posts/h24JGbmweNpWZfBkM/markets-are-anti-inductive https://www.lesswrong.com/posts/h24JGbmweNpWZfBkM/markets-ar... for an explanation.