321–330 of 467 posts
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I have a better idea: let's combat the notion that putting shareholder value ahead of the common good is moral.
Would you put your money into a business which put common good above your return on investment?
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> The company is the product. If you've ever dealt with Investor Relations at a public company, this becomes very apparent very quick. Core fundamentals as a business can be strong, but if you cannot craft a unique story or thesis (which does not have to be tangentially related with active initiatives) about your company, you will not succeed. Usually, the onus should fall on PM, EMs, and Sales Leadedship to drive cu…
> A lot of the current AI products and stories are cost-competitive due to that bloat itself, so some amount of rightsizing will help the industry. The problem is, any amount of rightsizing has the potential to tank the entire economy. Too big to fail, just that it isn't banks this time but a bunch of companies who went all in on "AI".
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Can you explain how that model isn't generalizable while avoiding describing the consequences? I want to know why it can't work not how it fails.
After Stalin's death, the Soviet union wasn't a total failure. And few can argue that China is a total failure today. But they paid a much higher price than what's acceptable. To make a somewhat successful "common good" society you first need to exterminate large swatches of the population. (This includes Scandinavian countries, which is less common knowledge). Then you can build on the new generation which won't res…
What do you mean by exterminate large swatches of the population in Scandinavia? Yes the way the Sumi have (and to a degree still are) been treated is atrocious, but I'd argue that if anything this is not a feature of creating a "common good" society. I would argue that strongly capitalistic/mercetalistic societies have a horrible track record of treating (and still treat) indigenous populations.
I'll tell you what's been working for me: an e-ink phone. It's a Bigme Hibreak Pro. The interface is a bit clunky but it gets the job done. Social media is just not fun on this phone. It's still very usable if I need it, however. I'm also knocking out books at a rate that I haven't in years.
Camera and video calls feels like two major drawbacks. Also I've heard there are NFC problems.
I'll tell you what's been working for me: an e-ink phone. It's a Bigme Hibreak Pro. The interface is a bit clunky but it gets the job done. Social media is just not fun on this phone. It's still very usable if I need it, however. I'm also knocking out books at a rate that I haven't in years.
Can you use Android Auto with it? Props for the change
Doing so would clear the undergrowth for the true innovators to take over and we’ll know who they are when people pay for their products, as functioning markets have always intended.
I'll tell you what's been working for me: an e-ink phone. It's a Bigme Hibreak Pro. The interface is a bit clunky but it gets the job done. Social media is just not fun on this phone. It's still very usable if I need it, however. I'm also knocking out books at a rate that I haven't in years.
An e ink smartphone gives me hours of my life back daily.
Can not recommend enough
LCD screens attract us like ants to a dropped ice cream
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As far as I know, no there has not been a CEO successfully sued in the US for failing to maximize shareholder value.
Board not CEO but see https://en.wikipedia.org/wiki/Revlon_duties For CEO see https://www.rgrdlaw.com/cases-in-re-dole-food-co-inc-stockho...
> The Court declared that, in certain limited circumstances indicating that the "sale" or "break-up" of the company is inevitable, the fiduciary obligation of the directors of a target corporation are narrowed significantly, the singular responsibility of the board being to maximize immediate stockholder value by securing the highest price available.
Seems to imply that under normal operation (i.e. no inevitable break-up) the fiduciary obligations are quite different though?
I'll tell you what's been working for me: an e-ink phone. It's a Bigme Hibreak Pro. The interface is a bit clunky but it gets the job done. Social media is just not fun on this phone. It's still very usable if I need it, however. I'm also knocking out books at a rate that I haven't in years.
Camera and video calls feels like two major drawbacks. Also I've heard there are NFC problems.
NFC payment works fine, but using google wallet on websites seem to fail for me.
Video calls are fine but obviously black and white and frame rate is approx 10fps or something.
Huge life upgrade compared to LCD smartphones. I’m crushing books like when in middle school. Best practical change to my life in maybe a decade
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When you really think about it, this also applies to very many publicly traded companies. Tech especially, always searching to present next growth area. And then often shortly abandoning it or wasting massive resources on it... Really does make me cynical on investing...
We make fun of the state run businesses of old communist regimes, how wasteful they were, how mismanaged they were, how they produced stuff nobody wanted and so on. I'm increasingly getting a similar feeling for VC fueled tech. It's all smoke and mirrors of hype (was blockchain or web3.0 yesterday, AI and quantum today). There is so much wasted money, especially after quantitative easing and negative interest rates o…
One might question would we as society be better off if that money was spend on more efficient factories or say nuclear powerplants?