4 ms·
It’s not exponential though, at most you’re looking at 2-3 orders of magnitude growth unless you’re a founder.
by fellowmartian 2y ago
It’s not exponential though, at most you’re looking at 2-3 orders of magnitude growth unless you’re a founder.
- mattmanser 2y agoNot sure you understand what orders of magnitude means. 3 orders of magnitude is 1,000 times larger, so $100,000 salary would become $100,000,000. Never going to happen.
- fellowmartian 2y agoI perfectly understand what orders of magnitude means. The growth you’ve described does happen, eg if you start at $65000 as junior eng and end up in dozens of millions a year as a SVP or CTO at FAANG-level company. My point is that even that is not exponential yearly, unless you mean “exponential” in the narrow sense of “compound returns”, by that is available to everyone with a brokerage account.
- itake 2y ago“Compound returns” are exponential returns. Is there another definition of exponential that im not away of?
- buzzerbetrayed 2y agoI think you’re the one that has an abnormal definition exponential growth
- itake 2y agoMy RSUs and total compensation has grown by 20-30% the last 3 years, despite my base salary only increasing 1-2%. If that isn't exponential growth, idk what is. RSU values compound.
- fellowmartian 2y agoRefreshers aren’t priced at the price of the date of hire, that would be crazy. It’s not more exponential than holding S&P 500.
- itake 2y agoRefreshers are priced at when they were granted and compound 4 years. So you have 4 years of compounding growth. Refreshers also stack, creating more compounding. Once they vest, you can sell them to match snp500 past the 4 years.