Issue is that other corps play by the same rules. If those corps are willing to stoop to immoral means and not get punished for it (they don't), the upstanding players are going to get outcompeted
This is such an odd point of view. If I were in the business of nuclear energy, I would:
1. Want there to be quality rules that keep me free from lawsuits were things outside my control to go wrong
2. Want others to follow the rules too so the whole industry doesn't get shut down when an incident on the other side of the planet kills 1000s
At least until it doesn't. If this spacex venture succeeds because it got propped up by index funds, then that's a decent indicator that more will follow.
It stands to reason that active investing will be more valuable as a result
Imo it's fine to glorify the 65+ hour grind a founder takes on. The issue is trying to apply that logic to normal employees. The calculation of time v payoff is worlds different
> Imo it's fine to glorify the 65+ hour grind a founder takes on.
While you're right that it's easier to try to justify this level of work for founders, the reality is that this level of work is not sustainable by anybody, and founders would risk damaging their physical and mental health and reducing the quality of their work the longer this went on just as much as anyone else.
I'd also argue that it's largely unnecessary. There may be some periods of time when there are too many competing demands on your time and you just have to accept extended working hours to get through a week or two or even a month, but more often than not this situation comes about due to poor planning and/or poor working processes. Effective delegation and automation can greatly reduce the likelihood of having to work 65+ hour weeks, even for founders.
I agree that intelligent people often get railroaded into a certain kind of life, but I think the prognosis is still a little off. It's clear in the US that owning a successful company has some of the highest outcomes possible in society (if financial freedom is the goal).
People who don't have those types of things in mind can only be so smart in my book.
"Successful" is the key. A winning lottery ticket is one of the quickest ways to get money, the hard part is the "winning". If you are smart, there are many career paths that are highly likely to be very profitable, with small risk of failure and a pretty high floor. That is not the case for starting a business. The upside is potentially much higher, but it is much less likely, and the downside is huge.
Having access to capital is much more important than smarts, which is why so many people starting businesses have generational money propping them up, or as a safety net. Even smart people are usually reliant on that family capital. Bill Gates’ parents were millionaires, Musk and his dad’s emerald mine, Thiel started his first hedge fund with a million dollars raised from “friends and family”.
Bothsides-ism is such a plague. While I don't agree with everything you said, I feel like the pandemic response doesn't get enough credit. Everyone hated how the Biden admin responded in the moment, but looking back the US really came out ahead compared to almost everyone else
For me, it has been the journey. I love being able to say "do this" and just magically have it done, then looking over the result and saying, "well not exactly like that, I actually want it to be a little more like this." I am slowly vibe-iterating over what I hope is a solid platform, and it's been a lot of fun
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