Math and physics carried me through two recessions so far. I never got rich, but also never poor.
Add CS to Math and Physics, and you’ll go through the next one very rich
Ask HN: What skills will be useful during an upcoming recession/depression?
121–130 of 194 posts
Re: Ask HN: What skills will be useful during an upcoming recession/depression?
#122And then practice learning. Our brains have very high capacity to learn, adapt and forget quite a lot - just believe that you can, and you will. All you need is focused effort. You only need to prove that belief once to yourself. I know this sounds philosophical, but it works.
Becoming an expert in an area is quite another thing. For that you need to evaluate the benefits.
> new state of things
Nobody can predict the new state of things. We can make an educated guess. And my guess is that software skills will be useful for many decades to come. You may have to get better to stay ahead of the competition and that might be more work. The economic impact of the lockdowns has already started hurting small businesses as contracts are being cancelled/paused. They can only take 2 more months of beating, but to clear economic uncertainty we all have to be back to normal working within next 15 days- that is simply not possible. So get ready for small biz to cut/die first followed by the bigger ones.
> will echo for many years to come
I think the worst is yet to show up, the next two months will show where we stand as a world on the pandemic. Right now we only see virus as a health issue, but the virus effect is also shaking up the geopolitical state of the world and questioning global trade and policies. We will probably come out of it quicker than before. The economic effects will be huge, but not necessarily bad for every country.
Re: Ask HN: What skills will be useful during an upcoming recession/depression?
#123> the effects of the global domino triggered by conoravirus will echo for many years to come. Why? As far as I know there's no underlying systemic financial reason for a depression or recession. The virus sucks. Some companies will no doubt have a bad quarter or two. But viruses pass, and this one will too. > I'm afraid that in this new reality my software/management skills won't be of any use in 6 months. That seems…
I think 6 months of lock downs or stay at home would show a lot of companies are not prepared to not have income. Businesses going out of business aren't coming back, along with the jobs they provided.
Re: Ask HN: What skills will be useful during an upcoming recession/depression?
#124Earlier quoted context omitted.
which gives you the opportunity to make billions in profits while everybody else is suffering. And hopefully utilize those profits to help fewer suffer.
And write book reviews explaining why the world will suffer a lot less if only more plebs will fall in line with your view of what is best for them.
Re: Ask HN: What skills will be useful during an upcoming recession/depression?
#125I like this project because it isn't blocking anything (like if I took the kitchen out). And when it's all done, this will be the summer I made our back decks beautiful rather than the summer we were stuck inside feeling anxious.
Re: Ask HN: What skills will be useful during an upcoming recession/depression?
#126Cooking from basic ingredients. Growing a basic seasonal garden. Finding ways to be happy with less and appreciate the simple pleasures in life. Placing value on human relationships more than material things. The art of conversation. Enjoying simple/affordable/accessible hobbies.
All of these things seem learnable with available resources except the art of conversation, something that I actually need a lot of work on. And recommendations on how I can improve on this?
The secret weapon in good conversation, especially if you're an introvert, is to ask questions. Try to make them open ended, not yes or no, and not right or wrong. Essay questions. Where are you from? What do you do?
Several months ago, there was an article here about a man who would ask the person he met what they did for a living and then, no matter they said, he would remark, "That sounds hard." This triggered a torrent of conversation and feelings of intimacy. That technique crosses over into artificial formula, and so I actually wouldn't recommend it. But it illustrates a point, that people are dying to be heard.
People aren't looking for a walking, talking encyclopedia. For one, the world is overrun with information, thanks to books and the internet. For another, it puts you on uneven footing. Now you are the teacher, and they are the student. People are repelled by condescension. They mainly are looking for people with whom they can be on equal footing.
There are also degrees of intimacy. The weather is a good opening remark with someone you just met, because it's not about either one of you. On the opposite end is something like, "How are you feeling after your recent divorce?" This is something you get the right to ask only after a very long time, perhaps years, of trust. Between those two is a spectrum.
1. Things about neither one of you, and uncontroversial: the weather, a movie, a sports game
2. Things about each of you, but not intimate: your job, what part of town you live in, what town you came from
3. More and more personal things about each of you: college major, family, children, how much you like your job
The first time you meet someone, you may not go very deep. But if you ask questions, be supportive of their answers as best you can, ask logical next questions that show you listened, and so on, then ironically you will be called "a great conversationalist."
The only thing I might add is that you can err too far on asking questions. If you're asking all the questions, and they're doing all the revealing, it may seem creepy. When they reveal something about themselves, then it may be a good time to reveal a corresponding amount about yourself. For example, if they tell you their job, then you tell them yours. Some people actually talk about themselves first, but as a way to let the other person feel safe to open up. For example, instead of asking what they think about the weather, you say, "Boy, it sure has been unseasonably cold." Then they will feel like agreeing or adding to it. "Yes, but at least I get to go skiing more." "Oh, you like skiing?" The best topics are ones that flow naturally from the last topic. That's another reason to listen closely.
So again, the point is not to entertain the other person but to at least start with the promise that you could one day be a trusted friend. That could take years, and for most people you meet it will never happen. But I would say that the same steps you take on the long road to a good friendship are the same steps you take one conversation at a time.
Re: Ask HN: What skills will be useful during an upcoming recession/depression?
#127Re: Ask HN: What skills will be useful during an upcoming recession/depression?
#128I think the most important skill is learning how to gain access to zero-interest loans from the Federal Reserve. This skill allows you to lend to your buddies who can purchase distressed businesses and properties for pennies on the dollar, which gives you and them the opportunity to make billions in profits while everybody else is suffering. I’m still trying to learn how to do this; if anybody has any information abo…
which gives you the opportunity to make billions in profits while everybody else is suffering. And hopefully utilize those profits to help fewer suffer.
Re: Ask HN: What skills will be useful during an upcoming recession/depression?
#129Earlier quoted context omitted.
I hope you’re not as optimistic as that. GM lost the American taxpayers north of $10MMM. That was enough to purchase over 500,000 vehicles at the time. 500 fucking thousand vehicles. That’s just the amount of money that they lost us with their “good Bank bad Bank” style IP-related scam. Do you think this is not reason enough to be cynical during financial crises?
what is $10MMM? that doesn't exist
Re: Ask HN: What skills will be useful during an upcoming recession/depression?
#130Earlier quoted context omitted.
I think 6 months of lock downs or stay at home would show a lot of companies are not prepared to not have income. Businesses going out of business aren't coming back, along with the jobs they provided.
Sure. But if there was a need for the goods and services those companies provided before, then there will be a need for those goods and services again. I don't think enduring financial collapse logically follows from even an extended quarantine.