Sure -- I can't blame them for taking care of themselves right now esp if living hand to mouth. But they shouldn't get mad when that job disappears because an employer finds another way to solve it.
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Replying to @mgirdley @zeplin111010
Capitalism can be cruel. Employer may well figure out how to do their job without them even if they do stay employed, unfortunately. I think that the extra $15k (if you get it) pales in comparison to the long-term benefits you will gain from keeping that job:
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- the learning from seeing the company go through a recession - the reputation within the company, with the boss, amongst your friends as the guy who stuck with it - the sense of purpose Maybe taking the unemployment looks profit maximizing, but it won't be over the long haul.
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Reminds me of the Naval/Jocko Willinzczczczcz quote: "Easy choices. Hard life. Hard choices. Easy life."
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Replying to @Molson_Hart @zeplin111010
I've learned the hard way that the vast majority of humanity doesn't think the way you (long-term). To a great extent, life has taught many of them not to.
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Replying to @mgirdley @zeplin111010
It’s crazy. Even most of the s and p 500 is looking at next quarter over next year and beyond. Sad truth that needs to be accepted in order to properly navigate the world.
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Replying to @Molson_Hart @zeplin111010
Two types of folks out there r.n. I think: 1) Those that know a fire sale is coming but don't know how bad. 2) Those in delusion. Both aren't doing anything right now.
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Replying to @mgirdley @zeplin111010
Agree strongly and I read that david tepper agrees with group 1. I’d bet Buffett does too.
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I think there’s a third group, now that I think about it. People who think the economy will he has but inflation will be worse. This is and 1 and I’m not sure about.
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Replying to @Molson_Hart @zeplin111010
sorry - can you restate that? I don't follow.
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Sorry, got autocorrected and my thought wasn’t clear anyways. An unparalleled amount of money is flowing into the system right now and is flowing in in a way that we’ve never seen before (through small biz and citizens). We’re accustomed to QE not causing much inflation, but
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This time may be different. I guess what I’m saying is that even though stocks are not reasonably priced as of the situation 3 months ago, they are now with how much money is being printed and how low interest rates are, ie there will be no fire sale for surviving companies.
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Replying to @Molson_Hart @zeplin111010
Good point. I'm not a macro guy, so your guess is likely better than mine!
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