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All that is a side show. What would you have done with the cash if you were right? Thats always the real story. My Aunt runs an accounting firm and is constant
by psb5 5mo ago
All that is a side show. What would you have done with the cash if you were right? Thats always the real story.
My Aunt runs an accounting firm and is constantly moaning about the number of people who have over accumulated cash from IPOs and have no clue what to do with it all.
- anal_reactor 5mo agoI would retire. If you have two million euros lying around, that would be life-changing money for me. I'd put everything into VWCE and then live off interest. I think I'd spend a year in Japan just to see what it's like, then travel around a few other countries, and finally settle somewhere back in Europe - buy a small house in the middle of nowhere, renovate it, and then smoke weed and play video games until the end of my days.
- darkstar_16 5mo agoThat's such a cynical take. If everyone does what you're describing, we will never make progress as a society.
- podgorniy 5mo agoYou're not less cynical here
- anal_reactor 5mo agoSure. If everyone became software engineers then we'd have 8 billion IT staff and zero food production, which would lead to the extinction of human race by mass hunger. I'm not sure what's exactly your point besides "if everyone does exactly the same thing, then society collapses".
- selimthegrim 5mo agoI believe Apple had a TV series lately which proffered a solution to this.
- swiftcoder 5mo agoNah, it's just a small-scale form of wealth redistribution. The poster takes themselves out of the job market (making way for someone else), and then goes and spends their IPO money at a favourable exchange rate overseas. Literally everyone wins (versus the poster hoarding money and holding a lucrative job).
- amanaplanacanal 5mo agoI can think of lots of people that would make society better if they would do that instead of what they are doing now.
- Klonoar 5mo agoIt’s not cynical, but it is overly consumerist. I cannot imagine having untold amounts of money only to do nothing afterwards except consume the stuff put in front of you.
- dadoomer 5mo agoProgress towards what? Do you think "progress" as conceived by sillicon valley billionaires aligns with the type of life you would like? There's a non-trivial chance "working hard" as defined by the modern ethos is doing more damage than good.
- tasuki 5mo ago> and then smoke weed and play video games until the end of my days. This might be less fun than you imagine.
- 0xDEAFBEAD 5mo agoDon't you think sitting alone at home smoking weed and playing games might get a little bit lonely? Humans need human contact. Might as well pick up a night shift at the convenience store so you can talk to people. At which point the plan becomes something you can put into action tomorrow, if you wanted. It's like the parable of the Mexican fisherman: https://www.thekinnardhomestead.com/the-parable-of-the-mexican-fisherman/ https://www.thekinnardhomestead.com/the-parable-of-the-mexic... Stoner WoW addicts working dead-end jobs live better than kings did in previous centuries, and we're too status-obsessed to notice this.
- anal_reactor 5mo agoThat's something I have at the back of my mind. My company is completely dysfunctional so 90% of my job is literally doing nothing, which is amazing. The problem is the fear of losing this position.
- 0xDEAFBEAD 5mo agoYou could spend some of that 90% time building skills for hobbies / a hypothetical future job search.
- anal_reactor 5mo agoBut why? If I manage not to get fired for 12 years then I'll reach the endgame.
- mehackernewsacc 5mo agoIs your company hiring?
- KptMarchewa 5mo agoWhy can't you just play games with other people? Do you really need _work_ to not feel lonely?
- 0xDEAFBEAD 5mo ago
- otabdeveloper4 5mo ago> I'd spend a year in Japan just to see what it's like There's laws and shit about that. You can't just immigrate to a country illegally.
- mghackerlady 5mo agowith enough money, anything is possible
- Jach 5mo ago2m isn't going to make Japan allow more than 6 months of stay in a year on a tourist visa. It might be enough to hide yourself from deportation, though who knows what happens when you try to leave. It might be enough to convince a local to get into a sham marriage for spouse visa sponsorship.
- swiftcoder 5mo agoYou can however signup for a long-stay tourist visa, which lets you spend a year in Japan
- deleted 5mo ago[deleted]
- roysting 5mo agoWe love in a kind of bizarro world where the “capitalists” have printed so much money that they’re wildly inefficient in allocation of resources, as evident by all the excess cash sloshing around; while the “communists” of China and to some degree Russia and the BRICS in general are widely efficient in allocation of resources, as evident by the creativity and innovation and advancements they’ve made in very short order. That’s at least my generalized perspective.
- dgellow 5mo agoIncluding Russia and BRICS doesn’t support your thesis. Nothing efficient about their resource allocation (And China is a state capitalist economy)
- finghin 5mo agoRussia is incredibly isolationist which makes it categorically different to the other BRICS
- pjc50 5mo agoRussia has allocated a significant proportion of its resources to exterminating its own children. China has done well, but the rest of the BRICS categorization makes no sense to me. India (and also Pakistan) are behind China on renewables but are having a huge surge right now.
- reeredfdfdf 5mo agoI can't see much creativity and innovation in Russia. They sell oil and natural resources & use the money (whatever is not stolen by oligarchs) to fund an unnecessary war which they are losing. If anything, Russia is a prime example of inefficient allocation of resources.
- marcosdumay 5mo agoWell, China's efficiency seems to come mostly from the government enforcing competition between companies by several mechanisms, and creating some "free entrepreneurship" areas where they allow people to start companies with almost no strings attached. And I don't see what you are seeing on the rest of BRICS.