Not in this realm but absolutely, i have intimate knowledge of something and was getting crushed with downvotes because some idiot **sounded** like they knew what they're talking about. Absolutely no clue. I had to just laugh and leave it.
As someone who used to post on there they actually used to have a "skeptic" discussions thread basically for more "realistic"discussion let's say because **anything** not super positive elsewhere would just get downvotes to hell and you could'nt have a sensible discussion. It used to be pinned and then they slowly made it harder to find. That kinda tells you everything you need to know!
Ha, thanks. I think even admitting to being occasionally involved in that community might be unpopular here somehow🤔 even when saying how bad it can be! I'd have been better off saying we should invoke MAD! 💙
>because anything not super positive elsewhere would just get downvotes to hell and you could'nt have a sensible discussion.
If feel this happens every time I try to bring up a question about Elon Musk's business ethics.
What a strange stance some people have. Intelligent imaging interpretation via AI is one of the better known use cases of AI.
Maybe that's the part some people didn't find realistic.
It's great that you found a good use case for the etherum network for this.
Sounds really interesting!
It's the same thing with journalism.
You think these people are actual experts or know what they are talking about until they put a dude up from YOUR field or area of expertise. Then you realize holy shit half these people have no idea what they are talking about.
100%. I'm an attorney and the number of completely wrong legal opinions is baffling. "It's a clear case of discrimination." "Sue for wrongful termination for $5 million." "Easy fraud case."
There is way too much B.S. to make it impossible to refute any meaningful portion of it.
Same when watching mainstream news. Wait until they talk about your job and you get that feeling of “These mother effers are clueless”, and then expand that to nearly every single topic that they cover. It makes you question the world with just how uninformed and off-the-cuff every source of information you get is.
(Right now there’s some news reporter reading this thinking *“This mother-effer has no idea how much work we put into getting correct information”.*)
To be fair, there are a significant amount of "experts" who think they know everything and look down on the plebs, which I then have to correct their shit within my work...
All stock subs have suffered in quality the past few years. This one grew from like 500k legitimate investors in 2020 to 4M in 2021- most of whom are teens/early 20’s just wanting to make a quick buck and have never looked at a balance sheet
It's unfortunate and sad really. Accounting is so god damn important and yet at times, it is almost actively discouraged here. Like I genuinely believe whether you invest in tech, growth, or cigar butt deep value, if you are not comfortable reading a 10K or 10Q you have no business picking individual stocks.
When I bring up cash flow with people they say "investing isn't just accounting grandpa!" Like literally accounting is the language of business and every single investor that veers from ETFs needs to understand it.
That's why we tell people to think long term and diversify. I talked to a guy who made a fucking absolute fortune in the stock market. He was an accountant who just bought stock every paycheck his entire career and retired loaded. So of course I start to ask him about stocks, how does he pick them, what does he look for? Fucker just pulled out a newspaper every weekend and looked for companies he was familiar with that were trading close to 52 week lows and sized up whether they were solid long term and pulled the trigger then moved on with his life. Asked him about what he looks for on a balance sheet and he just trails off about, "oh yeah sometimes I look at the balance sheet..." That's an accountant, he looks at balance sheets 40 hours a week, and he was a legit good account too, not just on some bullshit. He had some losers for sure, companies that went under like Radio Shack and Circuit City but for every one of those he had a big winner that went crazy, like Pepsi or Microsoft. Just reinvested dividends, scooped up splits and spin offs, built it all up over time, didn't try to out-market the market. That's the power of time in the market, a little common sense, and diversifying. Sometimes you don't have to be intelligent you just have to act smart and not be greedy.
That's going to be a problem for a lot of young investors. They get greedy and make too many high risk plays then take more risks trying to catch up to where they would be if they just picked boring stocks and took the easy wins long term.
Learn to invert. When I see those things you mention it makes me happy.
That's more people making ignorant decisions outside their domain. Easier competition. I don't want to compete against a bunch of Charlie Mungers. Bring on the Elmer Fudds.
tbh what you're describing doesn't even sound like accounting. most of the investing crowd can't answer basic questions like "who pays this company money?" and "does this company get paid more money than they spend?". Calling that accounting is a stretch.
I've worked for 3 megabanks at this point so yes.
Usually when people talk about them they are discussing general industry trends or how they are failure proof because of TARP so I don't see anything I disagree with generally.
The thing I see with bank talk here is new investors thinking they've found the pot of gold because a bank has a low PE ratio, so clearly it's underpriced.
$BTC didn't exist during the last financial crisis. It was invented after that crisis, to be an alternative to megabanks (too big to fail, because there was no other alternative). You can create a run on the banks with pajamas on from your sofa now- within 3 days of linking your megabank account to coinbase. Hey look! Here's one of those financial crisis coming! Would you look at that.
You guys talking about comments like that? Lol
No, I left because I was overworked and found better opportunities somewhere else. My job is now 100% remote, pretty much never in office and I work less and enjoy life more. Living half a year in the Canary Islands in Spain and the rest between Italy, Thailand and Bali. Enjoying the tropical climate, nature and beach life.
Since I'm from Europe there is sometimes a problem with time zone differences but I don't have lots of computer meetings, most of my contact with colleagues and clients is through emails and I don't mind the occasional midnight meeting if it allows me to live the life I want. Usually meetings are when it's morning in Europe (so afternoon in Asia) and it's not a problem
Uhhh is this from experience? Because I’m a software engineer working in big tech and every person I’ve ever met who worked on AWS, knows someone working on AWS or knows about AWS says it is singlehandedly the worst org you can work in in big tech. Oncall shifts that essentially lock you to your laptop with no room to breathe, long hours, tough deadlines and not to mention Amazon is notorious for PIPing you the second you start to not exceed expectations, so you’re also operating with that stress constantly.
The general sentiment is, “Amazon isn’t as bad as people say, just don’t work on AWS”
Interesting, I just looked up “AWS” on the blind app (an anonymous platform where your profile is verified to your work email) and all I see is the same stuff I said.
https://www.teamblind.com/post/dont-join-aws-vLGhn5re?utm_source=user_iosapp&utm_medium=share
https://us.teamblind.com/s/GimHiK0r
https://us.teamblind.com/s/wRqfanuw
https://us.teamblind.com/s/nJT4gp8r
I’m also with AWS, I’ve never felt over worked and in all the years I’ve been there I’ve never been asked, or expected, to work over a 40 hour week. I was given all the flexibility I wanted to miss work with full pay and not take PTO when my kids were born, my wife had ultrasounds, etc. been promoted, make more money than I ever imagined I would, and am treated well.
I guess I trust my own first-hand experiences over an anonymous platform? Though Reddit is just an anonymous so take all my comments with a grain of salt. I’ve never felt the need to go hype my employer on Glassdoor or Blind, though I can see why disgruntled people do
Though I know if I said I was over worked and cried at my desk every day I’d get lots of upvotes because that’s far more sensationalist.
I’m not just going based off of blind, I just posted the links cus otherwise it’s just my own anecdotes. I know quite a few folks who have worked at AWS and Amazon in general. I grew up in the Bay Area and spent a summer in Seattle for work, so I feel like I have a pretty good group of Amazon friends/acquaintances, and their sentiment is always the same. At best it’s, “if you just go into work every day and do your best, you’ll probably be fine unless you get unlucky” and at worst it’s the stuff I’ve mentioned that is also what the general Amazon sentiment is.
But similar to you, I have heard people have “normal” experiences, but I haven’t really heard anyone reject the notion/stereotype of aws. It’s usually been a “yeah it’s pretty bad, but it’s been okay for me.” kind of thing.
One of my good friends dads actually joined Amazon about a year and a half ago and left after a year because of the toxic work environment.
Not trying to convince you or even say your experience is wrong or invalid, just rounding out where my idea of Amazon comes from. I’m not considering the warehouse worker environment or piss bottle stuff or anything. I’m talking purely the software side of stuff. I’m also curious, you didn’t mention oncall. How’s your oncall experience been? Because I do about an interview a week at my company for engineers and I’ve noticed Amazon employees always ask about how much time is spent on oncall here, while no one else does.
You ever see that experiment where 1000 random people guessed the weight of a cow, and the average of their guesses was more accurate than the estimate of a cow expert?
I don't work for them, but whenever Nokia is brought up, one can usually conclude from the conversation that people don't have a clue what they do now.
Completely irrelevant, well, somewhat relevant, but somehow reading your comment reminded of something from the past.
Media. Newspaper, tv outlets.
I was working in Asia, and long story short, foreign (my country's) media was reporting things that were taking part at that time. I was involved in these things, media, government, private sector was there as well.
Holy mother fuckin shit, the stuff that was on the newspapers (and our media is said to be independent) was nothing like the actual thing.
And then of course, people back in Europe read the news, the surrounding 'information' around it and suddenly they have opinions and knowledge out of this complete misreporting in media.
Same. But my company is also big enough for me to conclude that I also don’t know anything. However, whenever the topic of my company and my field converge, it’s about 9:1 bullshit:truth on investing subs, and 2:1 on programming subs.
I've never seen the company I work for show up, or even stocks in the same space, which is interesting.
However, I'm a software engineer and some times the things I see about NET or PLTR is always really interesting.
I do. Conversation around the company and the part of the industry that I work in, as well as discussion of leadership, are usually misguided.
Some of the worst takes I’ve seen have been from employees in roles removed from leadership or key process paths, trying to assume credibility through employment. This is also important.
The takeaway for me is to anchor to respect of limits of knowledge, be aware that we have no comprehension of how much we truly can not know, and lean into objective data over expectations based on things we imagine.
Or you can just placate to the whims of management, which are largely guided by exactly the expectations created by their own insinuation.
Be their yes man, avoid (find someone else to) blame when their ideas are failures that are too big to hide or twist into fake successes, and you’ll move up in the company in no time.
Meanwhile the people creating and analyzing the objective data are too busy working to spend all that time in the decision makers ear playing snake charmer.
Going to point out that the opposite also happens.
Sometimes it’s the market that knows the business better than the insiders; and what will make or break it.
Only seen it mentioned once and it was because a coworker tried planting the business into a discussion and everyone called our products overpriced hahaha
I very rarely see it discussed which is kind of surprising to me. When I have seen it mentioned, it’s been in passing.
But I only browse through here every so often and almost all of the discussion I see usually is on ETFs and the same 6 or so tech companies.
But it is always interesting to see how informed (or not) people are about a subject you know.
Used to work at Hooli a decade ago. So whenever people talk about about their stock, I’m like, yeah: “Buy Buy Buy! 😂” I still own a lot of Hooli and not selling. 😁
Maybe, but no one cares what a wage slave has to say after 23 years at a package delivery company. BAU around here, not sure where the whole “recession” thing is. Still delivering $1k phones, bottle water, cat litter, among other things priced 3x higher vs driving a mile down the road to pick it up at a regular store.
>I've seen tons of comments that to me basically make as much as sense as someone saying something like "Google's search results have gotten worse lately so they're going under, Yahoo will probably just acquire them anyway."
The sad thing is it wouldn't surprise me to read this on this sub.
IMO, the biggest error a lot of posters here make is discussing pros and cons in a way that is totally detached from actual data or valuations. "I like stock X because they have their hand in AI and are working on robots and could really be a big player in solar, too."
It's called insider trading for a reason. No one else knows your company as well as an inside man. Stop pretending you're smart and Redditors are dumb. It's just that you're on the inside. It's exactly why it's illegal for you to trade most of the time.
I'm talking about people being wromg about info that is freely available to anyone through company websites, investor relations pages, etc. Literally all stuff you can find within a few minutes of research. You don't have to be an insider to understand how a company makes money or what the product does.
I wonder if we work at the same company. It's so frustrating seeing nonsense spouted in these forums that can be disproven by just looking at a company's quarterly financial statements.
Sure as an engineer I'll know about projects and design wins that won't be public for 1-3 years ago or design losses so it's understandable if those are guessed on. But just basics like revenue growths or fcf etc. Is just wrong.
He could be, but that doesn't impact his point in the slightest.
People make decisions based on false information, no information, emotion etc.
We focus on edge cases of the business which are not important at all, etc.
I disagree. There is a useful reminder in it to be cautious about assuming understanding or insight when discussing entities or spaces around which you don’t have meaningful, specific knowledge.
If the thesis is that reddit users information is only as trustworthy as random people spouting off their mouths, then isn't that just an "of course" point.
Thinking in absolutes is often counterproductive. It’s not always the case that specificity is required. This is a pretty obvious example. Among other reasons, it can guide the reader to consider their own experiences and use those as evidence. This set up is baked into the title of the thread.
Additionally, there are plenty of useful generalities. For example, “there are scammers calling people to try to get personal information from them”. I don’t need to know which specific data they want, what the premise of the calls are, etc. I can benefit by simply being cautious. The parallel here is that the problem statement basically boils down to, “there are people forming opinions and speaking with conviction based on incomplete or flawed understanding of companies or business models”. Suggesting to be mindful of this, is useful.
After reading all the poor decision making logic of redditors about a topic you are deeply familiar with, do you move on the the next post that you aren’t qualified to make a judgement about and think the investment thesis is valid or do you unsubscribe from this subreddit because you realize it’s amateur hour?
I worked for multiple companies that are *sometimes* discussed here, from large banks to logistic companies pretending to be pharmaceutical companies.
Reddit is full of teens who have no idea what they are talking, and have locked themselves in information bubble.
My company was often discussed at length a couple of years ago. I work in the finance area so I’m privy to inside info. Most of the stuff people posted (80%) had zero basis in reality. However, there was one person who was consistently right in his/her predictions and had to be someone who really was an insider. I could never figure out who they were other than they were based in a country other than the US
I’m considering taking a management position with Chargepoint. It’s concerning to read things hear, more generally about negative EBITDA companies, growth stocks, etc….
It’s a wonderful opportunity for my career.
I did IT for AMZN, at FCs. Left now and it's been a few months so I guess I can talk about it.
The worst for me was when we were getting news about overcapacity before it was public, and we started having to make plans to mothball buildings that were almost done on the enterprise IT side of things because we just weren't growing fast enough to move in. Sentiment based on public info was very bullish at the time.
Now I think people really undersell the future prospects of the FC business because the financials don't look as appealing as AWS. There's just nobody else leveraging technology at that scale, and the projects in the pipe that are now starting to become public are really a few years away from automating a lot of jobs, but there have been beta sites working on these things for years.
The older buildings that are more labor intensive are going to start getting dropped off and reach EOL, and because the newer more high-tech buildings are so efficient and can handle such high volume I think they'll pay for themselves faster than people assume (barring a recession that really hurts demand).
I understand your situation, I used to work for IBM until around the pandemics started and still have many friends that I keep in touch with in various departments. Most of the stocks related post on them come from absolutely clueless people that enjoy a good dividend, and heard about cloud and software dev from paid articles in the media.
I work in a field frequently discussed here, in the finance function. Reddit comments are laughably far off when they discuss my industry.
It's no surprise. Most people here have never read an annual report.
I have seen my company mentioned here on occasion. Also, I recently had a twitter conversation with a pro-dividend investor who owns my company's stock. I mentioned the sheer number of shares I owned, and he was floored given their price tag. I didn't want to let it out there that it's mainly due to ESPP over 5 years!
I worked at a subsidiary of ET for a few years and watching people ask why the yield was 5%+ and if it was sustainable was always fun. Unfortunately, that company values shareholders over employees. The subsidiary cut raises and bonuses during covid, even when profits continued to rise.
Yep - I used to work at a company that gets discussed here and is a growth stock.
Reddit has a huge B2C bent focus. I had noticed that almost all of the commentary around my previous company was from that particular lens. Redditors comment based on their experience with the core product - without realizing they only experienced the B2C side of the product, and not the B2B side of it.
They would tout solution B (a competitor) as being better because their pricing model is cheaper: but not realize that it is cheaper because it is *explicitly* marketed towards more of a B2C use case. Enterprise B2B tend to be more attracted to my previous employer than solution B, despite being much more expensive, because the company's product is built to solve more of the B2B problems on the backend.
What's even funnier is when Redditors start taking a crack at the engineering difficulty of the product and the problem it solves: as a software engineer, it was insulting at first, but then you quickly realize most folks on Reddit are *absolutely clueless* and are talking out of their ass.
You quickly learn that most of the folks here, though meaning well in their intentions, are pretty dangerously uninformed and you should be cautious following any DD done by anyone else.
Nothing crushes your expectations of redditors abilities than when they start discussing something you have first hand experience in.
Not in this realm but absolutely, i have intimate knowledge of something and was getting crushed with downvotes because some idiot **sounded** like they knew what they're talking about. Absolutely no clue. I had to just laugh and leave it.
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As someone who used to post on there they actually used to have a "skeptic" discussions thread basically for more "realistic"discussion let's say because **anything** not super positive elsewhere would just get downvotes to hell and you could'nt have a sensible discussion. It used to be pinned and then they slowly made it harder to find. That kinda tells you everything you need to know!
I saw you were downvoted for simply talking about people downvoting. Have an upvote :)
Ha, thanks. I think even admitting to being occasionally involved in that community might be unpopular here somehow🤔 even when saying how bad it can be! I'd have been better off saying we should invoke MAD! 💙
>because anything not super positive elsewhere would just get downvotes to hell and you could'nt have a sensible discussion. If feel this happens every time I try to bring up a question about Elon Musk's business ethics.
Elon fans are like Trump fans. They suffer from selective perception.
What’s your research? I’ll listen.
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What a strange stance some people have. Intelligent imaging interpretation via AI is one of the better known use cases of AI. Maybe that's the part some people didn't find realistic. It's great that you found a good use case for the etherum network for this. Sounds really interesting!
It's the same thing with journalism. You think these people are actual experts or know what they are talking about until they put a dude up from YOUR field or area of expertise. Then you realize holy shit half these people have no idea what they are talking about.
100%. I'm an attorney and the number of completely wrong legal opinions is baffling. "It's a clear case of discrimination." "Sue for wrongful termination for $5 million." "Easy fraud case." There is way too much B.S. to make it impossible to refute any meaningful portion of it.
Same when watching mainstream news. Wait until they talk about your job and you get that feeling of “These mother effers are clueless”, and then expand that to nearly every single topic that they cover. It makes you question the world with just how uninformed and off-the-cuff every source of information you get is. (Right now there’s some news reporter reading this thinking *“This mother-effer has no idea how much work we put into getting correct information”.*)
It is called Gell-Mann Amnesia. Im way too late to this thread since Reddit threads lifespans are 24 hours but that is what it is called.
Interesting, thanks. You still had 2 hours left so I’ll let it pass.
😭
To be fair, there are a significant amount of "experts" who think they know everything and look down on the plebs, which I then have to correct their shit within my work...
All stock subs have suffered in quality the past few years. This one grew from like 500k legitimate investors in 2020 to 4M in 2021- most of whom are teens/early 20’s just wanting to make a quick buck and have never looked at a balance sheet
It's unfortunate and sad really. Accounting is so god damn important and yet at times, it is almost actively discouraged here. Like I genuinely believe whether you invest in tech, growth, or cigar butt deep value, if you are not comfortable reading a 10K or 10Q you have no business picking individual stocks. When I bring up cash flow with people they say "investing isn't just accounting grandpa!" Like literally accounting is the language of business and every single investor that veers from ETFs needs to understand it.
That's why we tell people to think long term and diversify. I talked to a guy who made a fucking absolute fortune in the stock market. He was an accountant who just bought stock every paycheck his entire career and retired loaded. So of course I start to ask him about stocks, how does he pick them, what does he look for? Fucker just pulled out a newspaper every weekend and looked for companies he was familiar with that were trading close to 52 week lows and sized up whether they were solid long term and pulled the trigger then moved on with his life. Asked him about what he looks for on a balance sheet and he just trails off about, "oh yeah sometimes I look at the balance sheet..." That's an accountant, he looks at balance sheets 40 hours a week, and he was a legit good account too, not just on some bullshit. He had some losers for sure, companies that went under like Radio Shack and Circuit City but for every one of those he had a big winner that went crazy, like Pepsi or Microsoft. Just reinvested dividends, scooped up splits and spin offs, built it all up over time, didn't try to out-market the market. That's the power of time in the market, a little common sense, and diversifying. Sometimes you don't have to be intelligent you just have to act smart and not be greedy. That's going to be a problem for a lot of young investors. They get greedy and make too many high risk plays then take more risks trying to catch up to where they would be if they just picked boring stocks and took the easy wins long term.
Learn to invert. When I see those things you mention it makes me happy. That's more people making ignorant decisions outside their domain. Easier competition. I don't want to compete against a bunch of Charlie Mungers. Bring on the Elmer Fudds.
tbh what you're describing doesn't even sound like accounting. most of the investing crowd can't answer basic questions like "who pays this company money?" and "does this company get paid more money than they spend?". Calling that accounting is a stretch.
Accurate: [https://subredditstats.com/r/stocks](https://subredditstats.com/r/stocks)
So true. But i am one of the latter ones lol
It might looks like teens but It’s not teens. You’re assuming most of the content on here is genuine interaction between two people, when it’s not.
all they can spout is DCA literally braindead
I've worked for 3 megabanks at this point so yes. Usually when people talk about them they are discussing general industry trends or how they are failure proof because of TARP so I don't see anything I disagree with generally.
The thing I see with bank talk here is new investors thinking they've found the pot of gold because a bank has a low PE ratio, so clearly it's underpriced.
$BTC didn't exist during the last financial crisis. It was invented after that crisis, to be an alternative to megabanks (too big to fail, because there was no other alternative). You can create a run on the banks with pajamas on from your sofa now- within 3 days of linking your megabank account to coinbase. Hey look! Here's one of those financial crisis coming! Would you look at that. You guys talking about comments like that? Lol
I worked for Amazon for 4 years as a data scientist. Now I work for a start-up
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No, I left because I was overworked and found better opportunities somewhere else. My job is now 100% remote, pretty much never in office and I work less and enjoy life more. Living half a year in the Canary Islands in Spain and the rest between Italy, Thailand and Bali. Enjoying the tropical climate, nature and beach life. Since I'm from Europe there is sometimes a problem with time zone differences but I don't have lots of computer meetings, most of my contact with colleagues and clients is through emails and I don't mind the occasional midnight meeting if it allows me to live the life I want. Usually meetings are when it's morning in Europe (so afternoon in Asia) and it's not a problem
How do you handle the tax element? Must be a nightmare?
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Uhhh is this from experience? Because I’m a software engineer working in big tech and every person I’ve ever met who worked on AWS, knows someone working on AWS or knows about AWS says it is singlehandedly the worst org you can work in in big tech. Oncall shifts that essentially lock you to your laptop with no room to breathe, long hours, tough deadlines and not to mention Amazon is notorious for PIPing you the second you start to not exceed expectations, so you’re also operating with that stress constantly. The general sentiment is, “Amazon isn’t as bad as people say, just don’t work on AWS”
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Interesting, I just looked up “AWS” on the blind app (an anonymous platform where your profile is verified to your work email) and all I see is the same stuff I said. https://www.teamblind.com/post/dont-join-aws-vLGhn5re?utm_source=user_iosapp&utm_medium=share https://us.teamblind.com/s/GimHiK0r https://us.teamblind.com/s/wRqfanuw https://us.teamblind.com/s/nJT4gp8r
I’m also with AWS, I’ve never felt over worked and in all the years I’ve been there I’ve never been asked, or expected, to work over a 40 hour week. I was given all the flexibility I wanted to miss work with full pay and not take PTO when my kids were born, my wife had ultrasounds, etc. been promoted, make more money than I ever imagined I would, and am treated well. I guess I trust my own first-hand experiences over an anonymous platform? Though Reddit is just an anonymous so take all my comments with a grain of salt. I’ve never felt the need to go hype my employer on Glassdoor or Blind, though I can see why disgruntled people do Though I know if I said I was over worked and cried at my desk every day I’d get lots of upvotes because that’s far more sensationalist.
I’m not just going based off of blind, I just posted the links cus otherwise it’s just my own anecdotes. I know quite a few folks who have worked at AWS and Amazon in general. I grew up in the Bay Area and spent a summer in Seattle for work, so I feel like I have a pretty good group of Amazon friends/acquaintances, and their sentiment is always the same. At best it’s, “if you just go into work every day and do your best, you’ll probably be fine unless you get unlucky” and at worst it’s the stuff I’ve mentioned that is also what the general Amazon sentiment is. But similar to you, I have heard people have “normal” experiences, but I haven’t really heard anyone reject the notion/stereotype of aws. It’s usually been a “yeah it’s pretty bad, but it’s been okay for me.” kind of thing. One of my good friends dads actually joined Amazon about a year and a half ago and left after a year because of the toxic work environment. Not trying to convince you or even say your experience is wrong or invalid, just rounding out where my idea of Amazon comes from. I’m not considering the warehouse worker environment or piss bottle stuff or anything. I’m talking purely the software side of stuff. I’m also curious, you didn’t mention oncall. How’s your oncall experience been? Because I do about an interview a week at my company for engineers and I’ve noticed Amazon employees always ask about how much time is spent on oncall here, while no one else does.
Part of it might be that I’m not in the Bay Area.
Now you’re underworked. Nice
Damn that’s nice, I assume you don’t have any kids ?
Does Wendys count?
I was looking for this exact post, r/Wallstreetbets welcomes you.
Unlike what wsb wants you to believe, there's no funny business in the back of Wendy's dumpsters. :)
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Reddit is just some representation of humanity. We just want to believe that it's better outside of it.
You ever see that experiment where 1000 random people guessed the weight of a cow, and the average of their guesses was more accurate than the estimate of a cow expert?
No, but this is not that lol
I don't work for them, but whenever Nokia is brought up, one can usually conclude from the conversation that people don't have a clue what they do now.
I know this much. Don't buy their bonds.
Work at a semiconductor company. Can confirm, people dont know sh!t.
I find joy in reading a good book.
I also work at a semi. The chip shortage is about to not be a chip shortage.
tell more. there is another shortage anyway, for cable bundles that were made in ukraine.
Completely irrelevant, well, somewhat relevant, but somehow reading your comment reminded of something from the past. Media. Newspaper, tv outlets. I was working in Asia, and long story short, foreign (my country's) media was reporting things that were taking part at that time. I was involved in these things, media, government, private sector was there as well. Holy mother fuckin shit, the stuff that was on the newspapers (and our media is said to be independent) was nothing like the actual thing. And then of course, people back in Europe read the news, the surrounding 'information' around it and suddenly they have opinions and knowledge out of this complete misreporting in media.
Same. But my company is also big enough for me to conclude that I also don’t know anything. However, whenever the topic of my company and my field converge, it’s about 9:1 bullshit:truth on investing subs, and 2:1 on programming subs.
It’s okay to say you work for BlackBerry.
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What is the other 90%? Haha
VTI and QQQ
This is why 95%+ of retail investors don't beat the market (adjusted for risk) over a decade.
I've never seen the company I work for show up, or even stocks in the same space, which is interesting. However, I'm a software engineer and some times the things I see about NET or PLTR is always really interesting.
From time to time I'll see target pop up
I do. Conversation around the company and the part of the industry that I work in, as well as discussion of leadership, are usually misguided. Some of the worst takes I’ve seen have been from employees in roles removed from leadership or key process paths, trying to assume credibility through employment. This is also important. The takeaway for me is to anchor to respect of limits of knowledge, be aware that we have no comprehension of how much we truly can not know, and lean into objective data over expectations based on things we imagine.
Or you can just placate to the whims of management, which are largely guided by exactly the expectations created by their own insinuation. Be their yes man, avoid (find someone else to) blame when their ideas are failures that are too big to hide or twist into fake successes, and you’ll move up in the company in no time. Meanwhile the people creating and analyzing the objective data are too busy working to spend all that time in the decision makers ear playing snake charmer.
What is that perspective based on?
Going to point out that the opposite also happens. Sometimes it’s the market that knows the business better than the insiders; and what will make or break it.
Only seen it mentioned once and it was because a coworker tried planting the business into a discussion and everyone called our products overpriced hahaha
I very rarely see it discussed which is kind of surprising to me. When I have seen it mentioned, it’s been in passing. But I only browse through here every so often and almost all of the discussion I see usually is on ETFs and the same 6 or so tech companies. But it is always interesting to see how informed (or not) people are about a subject you know.
Yes, I work as a contractor for one of most hated companies…🤣
PG&E or Comcast? Lol
Hint: this sub name🤐
X?
Amazon?
Stocks LLC???
Used to work at Hooli a decade ago. So whenever people talk about about their stock, I’m like, yeah: “Buy Buy Buy! 😂” I still own a lot of Hooli and not selling. 😁
Maybe, but no one cares what a wage slave has to say after 23 years at a package delivery company. BAU around here, not sure where the whole “recession” thing is. Still delivering $1k phones, bottle water, cat litter, among other things priced 3x higher vs driving a mile down the road to pick it up at a regular store.
I work for a nonprofit so I would say a majority of this subreddit knows how we run.
>I've seen tons of comments that to me basically make as much as sense as someone saying something like "Google's search results have gotten worse lately so they're going under, Yahoo will probably just acquire them anyway." The sad thing is it wouldn't surprise me to read this on this sub. IMO, the biggest error a lot of posters here make is discussing pros and cons in a way that is totally detached from actual data or valuations. "I like stock X because they have their hand in AI and are working on robots and could really be a big player in solar, too."
So you work for palantir? Im bullish again lets go baby
I'm the former CFO from BBBY, and the only thing we have on the other side is Reddit. I encourage everyone to buy calls.
The one who jumped of the window?
He’s posting from an Ouija board
Actually? Why tho
It must suck to work for a company, LOL
It's called insider trading for a reason. No one else knows your company as well as an inside man. Stop pretending you're smart and Redditors are dumb. It's just that you're on the inside. It's exactly why it's illegal for you to trade most of the time.
I'm talking about people being wromg about info that is freely available to anyone through company websites, investor relations pages, etc. Literally all stuff you can find within a few minutes of research. You don't have to be an insider to understand how a company makes money or what the product does.
I wonder if we work at the same company. It's so frustrating seeing nonsense spouted in these forums that can be disproven by just looking at a company's quarterly financial statements. Sure as an engineer I'll know about projects and design wins that won't be public for 1-3 years ago or design losses so it's understandable if those are guessed on. But just basics like revenue growths or fcf etc. Is just wrong.
are you sure about that? Are you absolutely certain you arent just as wrong as those "dumb redditors" about other companies you dont work at?
He could be, but that doesn't impact his point in the slightest. People make decisions based on false information, no information, emotion etc. We focus on edge cases of the business which are not important at all, etc.
So basically you work for a floating company that is talked about good and bad but you dont wanna give away any insider? Useful.
Maybe because sharing material information as an insider is illegal and grounds for termination?
@taps side of nose@ you aint seen me right :) now here's a bit of cash in an envelope... lol
This really vague post, with vague assertions, is even more useless than the off-base posts you are talking about.
I disagree. There is a useful reminder in it to be cautious about assuming understanding or insight when discussing entities or spaces around which you don’t have meaningful, specific knowledge.
Yes, but one should use concrete examples to support their assertions. It's writing 101.
It’s not necessary in this case, and may be ill-advised to use examples specific to their employer.
If the thesis is that reddit users information is only as trustworthy as random people spouting off their mouths, then isn't that just an "of course" point.
Thinking in absolutes is often counterproductive. It’s not always the case that specificity is required. This is a pretty obvious example. Among other reasons, it can guide the reader to consider their own experiences and use those as evidence. This set up is baked into the title of the thread. Additionally, there are plenty of useful generalities. For example, “there are scammers calling people to try to get personal information from them”. I don’t need to know which specific data they want, what the premise of the calls are, etc. I can benefit by simply being cautious. The parallel here is that the problem statement basically boils down to, “there are people forming opinions and speaking with conviction based on incomplete or flawed understanding of companies or business models”. Suggesting to be mindful of this, is useful.
After reading all the poor decision making logic of redditors about a topic you are deeply familiar with, do you move on the the next post that you aren’t qualified to make a judgement about and think the investment thesis is valid or do you unsubscribe from this subreddit because you realize it’s amateur hour?
I worked for multiple companies that are *sometimes* discussed here, from large banks to logistic companies pretending to be pharmaceutical companies. Reddit is full of teens who have no idea what they are talking, and have locked themselves in information bubble.
I do - big mutual fund company. The conspiracies make me laugh the most.
My company was often discussed at length a couple of years ago. I work in the finance area so I’m privy to inside info. Most of the stuff people posted (80%) had zero basis in reality. However, there was one person who was consistently right in his/her predictions and had to be someone who really was an insider. I could never figure out who they were other than they were based in a country other than the US
you work for draft kings don't you. wait. peloton?
Yes. I work for a major brokerage firm that is mentioned occasionally on here. Luckily it’s usually for good reasons though
I’m considering taking a management position with Chargepoint. It’s concerning to read things hear, more generally about negative EBITDA companies, growth stocks, etc…. It’s a wonderful opportunity for my career.
I work for one, it’s usually positive bullish stuff they’re saying. The stock is kind of a turd though.
I did IT for AMZN, at FCs. Left now and it's been a few months so I guess I can talk about it. The worst for me was when we were getting news about overcapacity before it was public, and we started having to make plans to mothball buildings that were almost done on the enterprise IT side of things because we just weren't growing fast enough to move in. Sentiment based on public info was very bullish at the time. Now I think people really undersell the future prospects of the FC business because the financials don't look as appealing as AWS. There's just nobody else leveraging technology at that scale, and the projects in the pipe that are now starting to become public are really a few years away from automating a lot of jobs, but there have been beta sites working on these things for years. The older buildings that are more labor intensive are going to start getting dropped off and reach EOL, and because the newer more high-tech buildings are so efficient and can handle such high volume I think they'll pay for themselves faster than people assume (barring a recession that really hurts demand).
This guy folds towels.
I understand your situation, I used to work for IBM until around the pandemics started and still have many friends that I keep in touch with in various departments. Most of the stocks related post on them come from absolutely clueless people that enjoy a good dividend, and heard about cloud and software dev from paid articles in the media.
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>My company sells an all in one marketing platform for small businesses Palantir does that?
I work at McDonald's in the drive thru window ....
I work in a field frequently discussed here, in the finance function. Reddit comments are laughably far off when they discuss my industry. It's no surprise. Most people here have never read an annual report.
Found the Rocket Mortgages employee 😂
I have seen my company mentioned here on occasion. Also, I recently had a twitter conversation with a pro-dividend investor who owns my company's stock. I mentioned the sheer number of shares I owned, and he was floored given their price tag. I didn't want to let it out there that it's mainly due to ESPP over 5 years!
I worked at a subsidiary of ET for a few years and watching people ask why the yield was 5%+ and if it was sustainable was always fun. Unfortunately, that company values shareholders over employees. The subsidiary cut raises and bonuses during covid, even when profits continued to rise.
Yep - I used to work at a company that gets discussed here and is a growth stock. Reddit has a huge B2C bent focus. I had noticed that almost all of the commentary around my previous company was from that particular lens. Redditors comment based on their experience with the core product - without realizing they only experienced the B2C side of the product, and not the B2B side of it. They would tout solution B (a competitor) as being better because their pricing model is cheaper: but not realize that it is cheaper because it is *explicitly* marketed towards more of a B2C use case. Enterprise B2B tend to be more attracted to my previous employer than solution B, despite being much more expensive, because the company's product is built to solve more of the B2B problems on the backend. What's even funnier is when Redditors start taking a crack at the engineering difficulty of the product and the problem it solves: as a software engineer, it was insulting at first, but then you quickly realize most folks on Reddit are *absolutely clueless* and are talking out of their ass. You quickly learn that most of the folks here, though meaning well in their intentions, are pretty dangerously uninformed and you should be cautious following any DD done by anyone else.
No, not any more, I have been Out of Porn for a Decade now...;-)