I’m wondering about why they got fooled. Have they noticed that LLM can do a better job than them and they think that this will also translate to software engineering?
My understanding is CEOs are mostly good at schmoozing with other CEOs and investors. A lot of investors operate on vibes, so having a CEO that can vibe with other rich bros can open pathways to funding. That’s about it. Everything else they do is a liability or could be better handled by someone with relevant expertise.
Also, we probably shouldn’t be driving most of our productivity based on the vibe check of a few rich boys.
Your last sentence is spot on but it doesn’t capture the full weight of the impact rich people vibes have on the world. The perceived value of every stock, and by extension the economy as a whole, is almost exclusively a vibe check of rich guys. There is no objective information about a company that is more indicative of that company’s success than how rich people feel about it.
And since Rich people are just interested in having the biggest number, they only invest in lines that are going up every quarter.
Mutual funds are doing the same thing, and since they’ve convinced the rest of us to invest our retirements into stocks instead of pensions, we’re all fucked when it fails.
I’m wondering about why they got fooled. Have they noticed that LLM can do a better job than them and they think that this will also translate to software engineering?
My understanding is CEOs are mostly good at schmoozing with other CEOs and investors. A lot of investors operate on vibes, so having a CEO that can vibe with other rich bros can open pathways to funding. That’s about it. Everything else they do is a liability or could be better handled by someone with relevant expertise.
Also, we probably shouldn’t be driving most of our productivity based on the vibe check of a few rich boys.
Your last sentence is spot on but it doesn’t capture the full weight of the impact rich people vibes have on the world. The perceived value of every stock, and by extension the economy as a whole, is almost exclusively a vibe check of rich guys. There is no objective information about a company that is more indicative of that company’s success than how rich people feel about it.
And since Rich people are just interested in having the biggest number, they only invest in lines that are going up every quarter.
Mutual funds are doing the same thing, and since they’ve convinced the rest of us to invest our retirements into stocks instead of pensions, we’re all fucked when it fails.
also convincing the board of directors to not get rid of them.