As someone interested in both eastern and western cultures, there’s an interesting trend around the perception of “skill” I noticed recently(?)
In western markets, the emphasis seems to be around “confidence building” and personal brand / perception crafting as primary. In asian markets, the emphasis is on education and whether you can show you actually know the information. Ironically, education is actually mocked in many primarily American circles. (See glorification of college dropouts)
Why does this matter? I think it comes down to fundamentals. When you do long term investments, you look at “fundamentals”, because at the end of the day, those are the real value creation mechanisms when all the fluff of market hype is corrected for.
Marketing and perception can drive a lot of capital movement (ahem sv) but once ppl wise up to the created myths, all you have left are balance sheets real math. A great example is tsla crashes and hype as well as openAI sucking (vs DeepSeek)
Also maybe this my long winded way of saying geeze i wonder when the US capital market gonna collapse but I guess that’s why all the tech ceo and vc’s are begging the President of Corruption to use policies to save them from actually having to compete on fundamentals..
* points to more affordable and way more advanced BYD as banned from sale in the US *
“Yay free market capitalism except when I’m losing then it’s policy rigged nationalistic monopolies aka socialism for billionaires “ 😜
@kangaroo5383 oh for sure, speculative investing and hype trains have been around for centuries.
Specifically for the 2010s in the US the low interest rates that lasted seemingly forever really drove the VC type of investment through the roof, where the notion of "it's cool you'll have a liquidity event at the next round" has absolutely nothing to do with the fundamentals of the company.
This has happened in the past for sure like the dot com boom and the 80s, both that got capped relatively quickly with their respective crashes. However we still haven't truly experienced a correction yet for the 2010s and with a whole generation of people who haven't been burned yet, doomsayers like me are just waiting for the other shoe to drop.
But people are consistently getting 10-20% returns each year in the stock market and with no recent memory of pain nobody's going to pull out.
@AnnyJoe american capitalism in a nutshell!
Never forget - NCSA (UIUC) made Mosaic via public research funds which Andreessen stole for Netscape and now his a16z funds much of SV.
@hugo @AnnyJoe not sure what you’re asking, Andressen was working at ncsa as a student, then stole the code and concepts for his company when he left
“Rumors still circulate that Netscape's original browser contained Mosaic code, at least in its early versions. Rotunda said college authorities received e-mail telling of early Netscape error messages containing references to NCSA. “
https://archive.seattletimes.com/archive/19971005/2564359/profit-without-honor
@GeoWend i’ve only seen videos but like wutttt drone landing pads? Want.
Meanwhile in the US overpriced pos tsla are still running into parked cars 🙈 with inside that felt cheaper than a temu box and ppl are lapping it up 🫣. And they opened a shitty dinner for.. image? 😆
@JoelBarr this is exactly my understanding as well.
Have you read Amusing Ourselves To Death? I think you’d appreciate it
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