Comments by "Tiago D\x27Agostini" (@tiagodagostini) on "How Money Works" channel.

  1. The important part is.. middle managers position and importance also make them the most likely component to cause a critical problem in the company operation. They are too far from BOTH extremes (the operation and the planning) and they can and frequently cause noise.
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  2.  @WanderingExistence That is older than buffet. He just quoted it.
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  3. The noncomepte rules are one of the only things that work better in Brazil. Companies can put a non compete clause, but they do need to continue to pay the base salary to the employee as long as the non compete is valid.
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  4. Not true, I know a lot of people that have sworn to never work a traditional 9-5 job anymore. I myself started my own tiny company because I will not submit myself to the 9-5 bullshit where the time at office and not what I produce is the measurement of productivity. 9-5 jobs are good for BAD and non efficient workers . The same with job security, I want the paycheck for what I produce and nto the decievement of job security that always effectively cut my paycheck.
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  5. They are hiring, I do not think you understood the whole video. But they ware hiring only the top 5% or so of the applicants. They want to hire, but only because they want to not lose the opportunity of hiring someone overqualified that happens to be out of a job.
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  6. The problem is nto even the total time. Is that havign to be AT work when there is nothign to do it is bad for everybody.
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  7. Well, my country interest rates are at 14% yearly. I just invest in treasure bonds and get a reasonable return.
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  8. The coffee itself is a metaphor although for not paying attention on your spending. When you sum a lot of wasted little things it makes a significant difference for someone at start of their careers and a lot of people do not notice it. When you sum coffee, changing your phone EVERY year, subscribe to 7 different stream services when you watch 30 min per day, buying more food that you do use and throw food in garbage every week... all that summed up makes difference when combined.
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  9. Vision is important when in the startup moment, but when company grows things change.
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  10. What you define as rich? This whole discussion makes no sense without that definition.
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  11. coff coff Putin.. coff coff
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  12.  @looseycanon If they hire a single person for that add they would be free from anything a law could do against them. It is waste of time. Just accept that this is the current market. IF you cerate a law to change something you would have the extreme opposite result where there would be ZERO adds unless the company were 100% sure they woudl hire, regardless of the quality of the candidates. That would create a HUGE drop on job offers and yet another reason for companies to shift to overseas. Anything that a government does to interfere in job market always, ALWAYS makes it worse in the long run.
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  13. But that is also true for everything in economy. TH e price of a software is also unrelated to the investment put on it, but how much the clients can afford to pay. Same for cars, Phones, bags, basically anything other than water and stale bread operates on that model.
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  14. The best entry level requirements I ever saw was requiring 5 years experience on Deep Convolutional Neural Networks, the catch.. it was 2014. and these networks had been invented in 2011.
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  15. Taking time maybe needed (since they may need to interview a lot of people) but any company worth their salt should give you a call even if to reject you. Any HR that ghosts you means it is a BAD WORKING ENVIRONMENT!
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  16.  @thelogicmatrix No one is forcing you to apply , no working law system would grant you anything for something that you decided to apply for.. Always by definition most people the apply for a job will just waste their time as you almost always will get more applicant than positions.
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  17. The push back retirement age is not ONLY for the issue you describe, but the simple fact that we ARE expected to live some 10 more years than we were 2 generationg ago, that time not producing must be accounted for and it is not small. In my country people complain that that old retirement law where public retirement started at 55 is being pushed to 62. Yet the life expectancy back when the law was created was 61 and now is at 79! That means on average the time you life not producing went from 6 years to 24 years!
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  18. Well, if the worker demands more pay than it can generate profit for the company, then there is a worker shortage. A Businness need to be competitive to exist. THese companies re not desperate, but they are not finding the profile of workers they really want to be competitive.
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  19.  @suprithAnCom  MArx knwe NOTHING about economy. He was not an economist. His own work is based on a the absurd assumption that if employees shared the control of the produciton measn they would be more productive. He took that from his own rear end, with zero evidnce. Not a SIngle statement Marx ever made about economy proved to be truth. people need to wake up, he was NOT an economist, he was a sociologist and he had ZERO CLUE about economy. His book is simply flat earth writting equivalent in economics.
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  20. Yes but people do not listen to anyone they want to listen to a BRAND. It is the exact reason why peopel buy purses from expensive companies and buy apple products.
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  21. So why don't you complain that US government spends More EVERY YEAR into the military than the combined fortune of all these billionaries? Remember they do that with money they took from YOUR WORK! The billionaries on other hand do not have BILLIONS on money. They have assets that are evaluated at a humongous ammount. If they did not have those assets we would have less jobs, less houses built, less marketplaces to go to etc... On the other hand... how much of the military spending really helps society?
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  22.  @arsheagleeye  Brazil. It it 13.75% in fact.
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  23. The advantage of having a welathy familiy is far les sinthe money and more in the education in home of the value of money, wealth and work.
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  24.  @thelonegerman2314  You are under the illusion that paer money is different. Paper money is not money. It is a representation of something you own. So much that if you pay somethign in cash and they need to return you they can return ANY form of money. They are not demanded to return the exact same pieces of paper you used. Money has been already for some 25 years already just an information.
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  25.  @Ehxx  That frequently is HR thing. Quite common that managers do nto add ANY degree requirement in a lot of job postings, just for HR to add it themselves. Notice that HR OKR are measured usually in how much qualification they bring into company and they measure it with degrees. That is just bullshit of trying to measure HR performance and just pushes them into doing a worse work.
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  26.  @dojadog4223  They have the exact opposite problem. They produced more houses than they have population. So now suddently people that had invested in their houses and people that woudl use them as guarantees of loans are fucked because housing price collapsed. The construciton industry that is the largest employee in china is collapsing and they are having HUGE setbacks because of that.
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  27.  @alexandervlaescu9901  The inflation in Brazil is highly non homogeneous. Food raised prices a lot. That pushed the inflation umber up. That impact a lot the budget of a family where most money goes to that. But for someone with a lot of surprlus the real inflation is MUCH MUCH lower. Take what a person with large income of 20k Reais per month consumes and the inflation on that scale is rougly 3.5% only . That is very relevant when you are investing. Inflation rates based on the change of Food pries do not matter much for investment, but inflation of real state for example does.
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  28. These rules are so weird. So If I announce that information by publicly hanging a piece of paper int he middle of a forest with my company sales forecast, but it was written in a language that only a handful of people in the city can read.. is it still public? Always when the govenrmnet tries to create limitations on commerce they become stupid.
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  29. Take over the world and becomes supreme emperor of mankind and then you will be rich... cannot be THAT hard..
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  30. As someone that made the shift from the 8-5 (here it is not 9-5) to a working startup.. I can say. it is indeed hard.. but it is worth it. Why? Because the mental damage is much more under your control. You are not stuck with a manager or other boss that harms your job and life and that also you cannot do anything about . If you get a 9-5 job with a good manager, it can be great, but if you are unlucky it is really bad. Also no the evolution you talk about is not sure. A developer can easily get stuck because he/she has bet ina company that went down and he became a specialist in a field that is going downards for example.
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  31. Depends a lot where you live as well. Is pend more on food than on housing every month.
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  32. One important topic. The return of the MARKET On those 40 years is MOSTLY built on top of the work of the people that invested in college degrees. By nature it will always be higher. If the market return reduces so will reduce the average paycheck and the return of a college degree.
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  33. They are hiring, but they want only the top 5% of applicants, because today workorce is "problematic" in the POV of management.
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  34.  @ursulasmith6402 Hardly ever. If there is one thing companies hate is relatives hiring. It makes extremely fragile hierarchy systems and makes firing very hard. Most companies have very strong policies against hiring family members. Friends, that is natural, people tend to trust more in friends.
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  35. I do not know much about USA real state market, but in my country it is easy to get inflation +5-6% per year return renting. At least for me it seems a reasonable safe passive income for part of my portfolio.
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  36. There is an important subtopic. There is a huge number of people that live their lives with daily examples of bad experiences of employment (mostly due to very very bad middle management). I decided to try to make my own company exactly to avoid that interaction that is so damaging to one's life.
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  37. What people mostly fail to realize is that inequality creates opportunity. In a society where there can be no billionaries then we would not have SpaceX and all the advancements we gained. On such a society we would have a MUCH MUCH lower crop yield and food would be more expensive, in such a society we would not have commercial flights (since it is unfeasible to make such a company without a crapton of money) People mix the problem. It is not that some have a lot, the problem is why so many people are worth so little in the society (because what you earn has direct correlation on how much you are worth to the society) ? That issue is not only economic, and crosscuts every field imaginable of society.
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  38. But population grows so there will be no reduction on demand. In fact if you compare current number of houses per inhabitant in USA US is at the HIGHEST offer of houses in the las 100 years.
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  39.  @shawn13mertle13  In fact USA still had a positive population growth (natural, not countign immigrants) until 2019. Only then it flattened out.
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  40.  @shawn13mertle13  Just google USA growth rate and you will see that growth was still positive until 2019.
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  41.  @Byssbod  It did start to happen as soon as WW2 ended, But it was very slow. The baby boomers were a large spike in population just after WW2, but they were children still. It took them to reach 25 years (around the age most people have kids) and another 18 years for these kids to leave home and search for housing for the impact to start. GEn X was the first to see this effect. It was still not at maximum sicne USA had still a lot of resources and space to spare, but at the same time there was a huge movement from the country side and small cities into the large cities. So the following generation , gen Y was the one the for the first time faced a situation where this problem was serious.
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  42. Basically they are betting that the fools that stay have most of the productive ones. Well just leave and look for a startup that allows remote work. There are still tons of those.
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  43.  @blakemorgan8450  They are very positive. Our inflation is mostly in subsistency assets not the ones people with money to invest might use their excess money. Real state in fact had deflation in the last year in some states. Just using the final inflation rate is extremely decieving.
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  44. That is bullshit from people that do not look at numbers. One that does not control at least close to half of the production capability cannot forcefully raise the prices. They woudl simply lose market! Do nto forget that USA has HUGE HUGE tarifs to stop cheaper Brazilian food to get into USA, so there is no lack of options.
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  45. Anything more than 2 as a standard is stupid, and I am talking this as an employer. IF you get undecided between 2 last candidated you may call those back to get another opinion in the company.
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  46. Most people do not realize there is need of a balance. You cannot look ONLY to the far future or investing in shares makes no sense at all and then you have no new startups receiving ANY investments, but you cannot kill the cow for extra milk TODAY.
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  47. There is a huge counter point, the most profitable wage career, software developer , you can learn without a college... you have much more access to information than anyone else in history so you can take your decisions with better info.
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  48. But people are spending. There were conflicts in the past that were funded by people buying PLEX ( with real world money) to sell in game to fund the wars. There was an instance of a single Russian wealthy dude spending more than 100k USD to fund a war.
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  49.  @WanderingExistence Irrelevant. The price of everything is controled by how much peopel are willign to pay. Other example..a pple products. they are overpriced as FUCK, adn even when inferior to an Android device they sell for higher price.. because people are willing to pay more. Cost of produciton is NOT the drive for price in a healthy economy!
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  50. That only works if the world does it as a whole.. and it does not. Also whenever you select a FRACTION of a pool you are exposing yourself to more risk. That is MATH, simple and unavoidable
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