05-03-2023, 03:03 PM | #7877 | |
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Not personally familiar, but this is what ChatGPT says about 'em:
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05-03-2023, 03:15 PM | #7878 | |
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05-03-2023, 04:04 PM | #7879 | |
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As a 48 y/o manager in the environmental consulting with 25 years of experience, there is NO WAY for a new staff member, especially one fresh out of the school, to be remotely successful being fully remote compared to someone that is coming into the office on a routine basis. I have seen this first hand with numerous staff in our offices over the past 3 years. There is something to be said to be able to walk to your manager's office to ask question, shoot the crap, and such. Same goes for just talking with your colleagues by the coffee machine. I don't know how many times I've learned something new, solved a problem, etc. by just randomly shooting the crap with someone while waiting for my coffee cup to fill. Doing video and conference calls is terrible and inefficient for so many reasons, IMO.
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05-03-2023, 04:17 PM | #7880 |
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Jpow just dropped the gauntlet.
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05-03-2023, 05:43 PM | #7881 |
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PacWest next up.
Of course I’m wrong again, I thought no way they’d continue raising rates considering the bank failures which have occurred. Another 25bps today, regional banks will be in even worse shape! |
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05-04-2023, 07:21 AM | #7882 | ||
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As for the offshoring comments above, a lot of companies that moved jobs offshore in the past 20 years have been moving them back to the USA. This may go through some more cycles, but when you get enough old farts like me complaining that they can't understand a strong Indian (Desi) accent or South African accent, it just makes it all the more difficult. Not to mention the challenge of dealing with/working with people in different time zones. Not EST versus CST but 12 hours difference!
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05-04-2023, 01:47 PM | #7883 | |
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05-04-2023, 02:56 PM | #7884 |
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WFH is such a debatable topic I don't even know where to start...
At a high level, it is far better for the greater good, less commercial real estate, more room for regular housing, less pollution, less time wasted, less miles driven and I could g on and on... only in a totalitarion consumerist society would people want to go into an office... which is well what the USA is. It also proves how useless some folks jobs are... i see all these memes about people dicking around when wfh etc etc... my dude that isnt a wfh problem... that is a your job sucks and isn't needed problem. In my job, i wfh but if I dick around, it becomes obvious. I will say on the other hand of the stick, for the more junior folks, it is wise for them to be in the office for a bit to learn the ropes... i did that for years before I got to wfh. I wfh all the time now and am somehow more informed than most people that are in office, but again that comes from experience... i dont see a full reversal in any sort of way... u will see so many folks dicking around at the office that you have no idea.
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05-04-2023, 02:58 PM | #7885 | |
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05-04-2023, 04:59 PM | #7886 | |
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This morning during a long and very interesting discussion on Bloomberg about the current financial instability I heard this:
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When SVB failed I told my my wife, "well, now we'll have a recession for sure." Yesterday after the news about PACW broke I told her, "well, now we'll have a recession (at least) this year." The Fed will be forced to pivot at some point, but by then it'll be too late. With credit for small and medium businesses essentially frozen I believe we will see a rapid deterioration of the economy, with job losses accelerating into the summer. By labor day it's going to be ugly. Demand will likely drop far enough that inflation will be zero by the end of the year. At least that problem will have been solved. Time to extend duration. TLT looks like a good buy. |
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05-04-2023, 05:04 PM | #7887 | |
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I do. Companies that pursue remote work will, long term, suffer The Tragedy of the Commons.
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05-04-2023, 05:19 PM | #7888 |
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oh my man or woman... have I got a ton to teach you about capitalism 😂😂
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05-04-2023, 05:20 PM | #7889 | |
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To be clear... jpow was elected by Trump and reelected by Biden... everyone is to blame.
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05-04-2023, 08:12 PM | #7890 |
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Does anyone here use irony as a component in the development of their investment thesis?
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05-04-2023, 10:41 PM | #7891 | |
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I am thankful for remote work however. I knew what I needed to get done in order to become successful but labored through every second of it because I’m an introvert. I traveled the world with my bosses over the years but where they wanted to shoot the shit after work I wanted to go back to the hotel and eat takeaway. They were all awesome people and each helped me get to the next level, and it was always fun once I was out, but man getting there was misery. Once the day finished I was exhausted. I don’t know how much higher I want to go, but I did what needed to be done in order to get where I am and advise all junior employees as such. |
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05-05-2023, 01:42 AM | #7893 |
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Ya'll recommend a 5% brokered CD or SPAAX type money market fund yieled 4.3%+? Keeps cash more liquid
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05-05-2023, 09:49 AM | #7894 |
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05-05-2023, 12:12 PM | #7895 |
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05-05-2023, 12:53 PM | #7896 | |
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As others have observed, there are many, many things that happen when people are in the office that simply can't when they're not. Those things are, long term, critical to the health of a company. Culture, relationships, serendipitous interactions, etc. They represent The Commons. To the extent that people insist on working remotely (and their management allows it), they are taking from The Commons and not contributing to it. That, ultimately, results in the degradation/destruction of The Commons, and in this case, the company. |
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05-05-2023, 03:25 PM | #7897 | |
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A question to think about is whether there are other ways to contribute to the Commons besides physical presence in an office. I don't know the answer, just thinking out loud. |
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05-05-2023, 04:17 PM | #7898 | |
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