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Joined 2 years ago
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Cake day: August 19th, 2023

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  • Thats not true. Privately owned firms tend to be really bad because they don’t have a feduciary duty to long term value. They suck everything dry. Private equity is the reason why daycare costs so much yet the daycare workers make minimum wage.

    I think we’re probably not on the same wavelength. Privately owned doesn’t mean bad, a one person owner operated plumbing business is not bad.

    Publicly traded corporations are also really bad because the goal is increase in share price at the cost of long term success often. If you can show profit or revenue growth at the cost of losing customers by cutting costs that’s positive over there.

    Single person ownership of a company where the person cares about the company providing good value instead of making money is very different from maximising profit or resale value.

    So the dissonance I think mostly stems from the example of daycare that you made and your conclusion that private ownership is worse than publicly traded companies. If the daycare was publicly traded it would probably look the same since none of the owners really care about the staff. On the contrary an owner operated business often do care about staff and their development at the cost of their fiduciary duty.

    Private equity would gut a business for cash. Publicly traded would syphon away all customer value to increase the stock price. Owner operated business normally does neither since it’s their baby.








  • That’s fair, but looking at papers is not really a good entry point for people getting into skills specifically. For information the GOAT it’s always Wikipedia but skills is trickier.

    Getting into car repairs, plumbing, woodworking and more can be done with YouTube and is frequently recommended by people in the trades.

    Getting into running is and weightlifting is also pretty good with YouTube since you have “Göran Winblad” physio and a running coach which does some quality content and “House of hypertrophy” is just weightlifting research news and he makes sure to mention caveats, holes in the research etc.

    Notably bad examples are programming and guitar playing which offer close to no value in my opinion but I’ve heard some people have had success with it. However when you get into music theory YouTube becomes good again.

    So in general LLM for basic info on what exists, YouTube for some examples on how to do it but the other >90% should always be practice.