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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Jun 21

    Austen Allred Retweeted Florent Crivello

    The story that isn't told here is how badly we will be in trouble if we don't fix this. 2% YOY economic growth doesn't come from continual linear improvements and optimization, it comes from massive shifts. We need more of that.https://twitter.com/Altimor/status/1010031037819248646 …

    Austen Allred added,

    Florent Crivello @Altimor
    In contrary to the dominant narrative, the data shows that the US' economy doesn't suffer from too much change, but from too little. "Our economic and job creation engine is rapidly slowing down." https://eig.org/dynamism  pic.twitter.com/I6Zx6aewCf
    Show this thread
    10:28 PM - 21 Jun 2018
    • 3 Retweets
    • 37 Likes
    • Spencer Schneier James Burns Abhishek Mitra Feifan Zhou Samuel Machat grahammcbain Brian Holdefehr D Ryan Petersen
    2 replies 3 retweets 37 likes
      1. New conversation
      2. Sar Haribhakti‏ @sarthakgh Jun 21
        Replying to @AustenAllred

        @Altimor 2 things come to mind: - The fact that Buffet could become so successful by betting on things not changing over decades is staggering. - @pmarca talked about in an interview how we don’t have enough technological change & how there are fast & slow sectors.

        1 reply 0 retweets 4 likes
      3. Austen Allred‏Verified account @AustenAllred Jun 21
        Replying to @sarthakgh @Altimor @pmarca

        Buffett/Munger are always betting on economic growth; that's arguably meta-thesis of their portfolio - that America is so good at creating wealth you can safely bet on it. Marc has often talked about how people are moving and switching jobs *less* often than 20 yrs ago. Crazy.

        2 replies 0 retweets 7 likes
      4. Sar Haribhakti‏ @sarthakgh Jun 21
        Replying to @AustenAllred @Altimor @pmarca

        Agree, but they did bet on dynamics & form of the drivers of economic growth not changing. Can you link me to any interview for the second point? The dominant narrative right now is how millennials keep hoping jobs & no one sticks around for years until retirement.

        1 reply 0 retweets 1 like
      5. Austen Allred‏Verified account @AustenAllred Jun 21
        Replying to @sarthakgh @Altimor @pmarca

        Ya, the narrative is wrong. We talked about it in person, best data is probably from BLS, not sure of a good link to provide.

        1 reply 0 retweets 4 likes
      6. Sar Haribhakti‏ @sarthakgh Jun 21
        Replying to @AustenAllred @Altimor @pmarca

        Sar Haribhakti Retweeted Sar Haribhakti

        Bonkers how much of what we believe are shared myths.https://twitter.com/sarthakgh/status/1009611426275577856?s=21 …

        Sar Haribhakti added,

        Sar Haribhakti @sarthakgh
        Amazing how many beliefs we hold that we think are based on social science research aren’t really true or are very questionable. Placebo effect, learning styles, bad circumstances leading to bad behavior etc.
        Show this thread
        0 replies 0 retweets 2 likes
      7. End of conversation
      1. Ryan Sapp‏ @ryanparkcity Jun 22
        Replying to @AustenAllred

        Economic growth is tied to population growth as well. Fewer babies and immigrants means a stale work force and slowing growth.

        0 replies 0 retweets 0 likes
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