511–520 of 568 posts
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> So the market price for a company tends to favor short-term cash extraction over long-term value creation. Would you buy stock in a company that does this? Why do you think others would?
if you buy stock, but sell before others realize, then may be? If you could sniff out the quality momentum/inertia that the company is deriving revenue from, and sell shortly before it starts dropping, you'd have made profit.
How is one going to keep that secret long term?
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The real fix is popularizing the notion that management is just as commoditizatable than those they seek to commoditize. What's described here is exactly what happens when you have "generic" management. Generic management finds unneeded expenses and eliminates them. The only way a senior expert isn't a cost to be eliminated is if you have managers focused on and understanding the enterprise they are managing (and no…
When the AI has QA/QC as part of the over all requirements should this not solve it? A question of ensuring all requirements are internalized.
Well, Modern neural networks and LLMs aren't constructed using any requirements, specifications or hard constraint at all - they just heuristically give a context-aware approximation of their massive input data set.
So getting to X being part of "requirements" is a bigger step than the layman imagines. Especially, 'cause an LLM outputs approximated recipes for action when asked, LLMs struggle to consistently achieve goals since goal-seeking requires constant little adjustments.
But even more, if an AI somehow reached the level where you could inject goals into it, it seems very likely it's goal would be maximize investor profits and this wouldn't solve the problem of the system discarding human experts but rather compound it.
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Even most economists these days would agree that this is a really bad take (invisible hand). You should read more than the punchline of that Adam Smith book and you would find that even he would agree
"But the average employee assigned to the 737 program has been at Boeing just five years, according to a longtime Boeing executive who is involved in various efforts to save the company; for comparison’s sake, he says the average employee assigned to the 777 program had between 15 and 20 years under their belt." It don't think it's possible to overstate how bad, and sad, of a state of affairs that is. I've never seen…
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Obviously, selling 6 planes is not the end goal. But you have to sell 6 before you sell 600. Pre-selling an aircraft or two to a few shipping companies would pose a low risk investment to those companies, but provide a great lift for a struggling new hopeful. Look at how that worked for Rivian. Your example of engines is an excellent point. Repeat that story 100 times to begin to understand the enormous difficulty. W…
This Asianometry video [0] explains why it is so difficult to develop and market new planes. tl;dr The main obstacles are supply chain inefficiencies and that no one buys planes that aren't cost-effective. [0] Japan's Commercial Jet Failure https://www.youtube.com/watch?v=XkmtrsE9Jfg
I still say, sign me up.
As long as we're playing with somebody else's money it would be amazing to try and try again.
>Boeing had come under the spell of a seductive new theory of “knowledge” that essentially reduced the whole concept to a combination of intellectual property, trade secrets, and data, discarding “thought” and “understanding” and “complex reasoning” possessed by a skilled and experienced workforce as essentially not worth the increased health care costs. So they devalued Wisdom, and Elders... and things fell apart. T…
Purging elder employees is the logical result of making the employer pay for the health care of their employees.
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Stress and anxiety are foundational to high performance. Imagining that stressed anxious people are mentally ill is ridiculous.
Then maybe stressed anxious people who are both high performing and mentally ill isn't ridiculous? Which makes sense because mediocre people have no stress, anxiety, or mental illness. They're "sane and healthy" instead.
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GE seems like another firm / conglomerate that has lost its way - although we have heard about Jack Welch's management disaster, I do not know if they lost engineers the way it happened at Boeing. Last year, I bought GE Monogram kitchen appliances and was pleased that they work so well, until I found that it is a Chinese firm that has bought the use of GE's name along with their operations. Maybe that is why the appl…
How will the average person be able to easily keep track of all these corporations merging. A free market requires the consumer to be fully informed and rational, I just don't see that being possible in this environment.
https://www.businessinsider.com/10-companies-control-the-foo...