boreddividend

Kalau berdasarkan OPINI temanku yg pindah ke 🇯🇵 Jepang … Tinggal & kerja di sana gak se-indah bayangan awal mereka. 😔 Budaya kerjanya disiplin & keras banget. 😕 Level profesionalisme & penguasaan skill yg dituntut jauh lebih tinggi & perfeksionis dibanding di Indo. 😥 Gaji entry-level bwt yg baru pindah pas2an. Tapi kembali lg, dengan segala kesejahteraan yg ditawarkan: ☑️ Fasilitas publik. (udah terkenal banget misalnya dengan MRT/subway/Shinkansen) ☑️ Kesehatan kerja sangat diperhatikan walau berat. (temenku yg jadi kasir shift malam dikasih screening fisik & psikologis rutin bwt menghindari sakit) ☑️ Pengalaman budaya unik yg gak ada di negara lain. (Otaku sih dijamin gak mau pulang sekalinya udh mendarat) Masih lebih enak hidup menderita di Jepang daripada hidup menderita sebagai WNI 😬 Jadi buat kalian yg lg mempertimbangkan, lgsg cek aja utasnya kak Samuel di bawah ini 👇

I was in New York last week and for the first time I'm starting to hear senior investment professionals think seriously about the incremental utility of junior investment talent. Agents are solving process bottlenecks that heretofore required the efforts of junior investment talent across modeling, meeting prep, and data analysis. ”I may not need to hire a junior after all”, It is a more common refrain. And it's widespread enough that I do think some concern is now warranted. My response back is: what if you just fundamentally rethought the role of the junior investor? What if instead of updating models, updating weekly industry data drops, writing first cut earnings previews, and building out management question lists, the responsibility stack of a junior dramatically changed? What if you simply challenged the junior investor to develop more accurate and timely revenue forecasts across three dozen names? And the apprenticeship role almost felt more like an AI enabled data scientist, while that person develops their own investor toolkit. What if you challenged that junior analyst to be an in-house AI-enabled risk analyst? Building AI-augmented risk checklists, counter pitches on every idea in the portfolio & pipeline? What if you challenged that junior to become the most AI-fluent person on the team, putting them through an intensive six-month AI self-study? Which, for your senior investors with portfolio responsibility, is very difficult to find the time. The junior then, through the apprenticeship period, becomes a highly value-added generalist. And during that apprenticeship period, where they're mostly a cost center, they develop into a true AI-augmented investor, and at year three will drive dramatically positive ROI to the firm. Same apprenticeship model, but rethought in specific structure. The foundational reality still exists that your junior investor for a scaled investment firm is going to be a rounding error in terms of comp. The consideration of slowing down junior hiring isn't a cost consideration, it's an efficiency consideration. And while much of the traditional junior stack is quickly becoming abstracted into agents, I do think there is a real potential to rethink the role of junior investors to the effect of very attractive ROI. I do think, to a large degree, we have some moral responsibility to do this as well. In a competitive business, it is absolutely imperative that we drive efficiencies and research quality with all the tools at our disposal. That definitionally will impact the existing role of juniors more than seniors. I'm feeling a bit more of a mission to help firms rethink how they deploy junior talent. If you're doing the same, I'd love to connect and find creative ways to rethink the junior role in fundamental investing firms.

I don't think you guys realize if we time this indonesia thing right we can make 20% IRR for decades

The vibes in SF feel pretty frenetic right now. The divide in outcomes is the worst I've ever seen. Over the last 5yrs, a group of ~10k people - employees at Anthropic, OpenAI, xAI, Nvidia, Meta TBD, founders - have hit retirement wealth of well above $20M (back of the envelope AI estimation). Everyone outside that group feels like they can work their well-paying (but <$500k) job for their whole life and never get there. Worse yet, layoffs are in full swing. Many software engineers feel like their life's skill is no longer useful. The day to day role of most jobs has changed overnight with AI. As a result, 1. The corporate ladder looks like the wrong building to climb. Everyone's trying to align with a new set of career "paths": should I be a founder? Is it too late to join Anthropic / OpenAI? should I get into AI? what company stock will 10x next? People are demanding higher salaries and switching jobs more and more. 2. There’s a deep malaise about work (and its future). Why even work at all for “peanuts”? Will my job even exist in a few years? Many feel helpless. You hear the “permanent underclass” conversation a lot, esp from young people. It's hard to focus on doing good work when you think "man, if I joined Anthropic 2yrs ago, I could retire" 3. The mid to late middle managers feel paralyzed. Many have families and don't feel like they have the energy or network to just "start a company". They don't particularly have any AI skills. They see the writing on the wall: middle management is being hollowed out in many companies. 4. The rich aren’t particularly happy either. No one is shedding tears for them (and rightfully so). But those who have "made it" experience a profound lack of purpose too. Some have gone from <$150k to >$50M in a few years with no ramp. It flips your life plans upside down. For some, comparison is the thief of joy. For some, they escape to NYC to "live life". For others still, they start companies "just cuz", often to win status points. They never imagined that by age 30, they'd be set. I once asked a post-economic founder friend why they didn't just sell the co and they said "and do what? right now, everyone wants to talk to me. if i sell, I will only have money." I understand that many reading this scoff at the champagne problems of the valley. Society is warped in this tech bubble. What is often well-off anywhere else in the world is bang average here. Unlike many other places, tenure, intelligence and hard work can be loosely correlated with outcomes in the Bay. Living through a societally transformative gold rush in that environment can be paralyzing. "Am I in the right place? Should I move? Is there time still left? Am I gonna make it?" It psychologically torments many who have moved here in search of "success". Ironically, a frequent side effect of this torment is to spin up the very products making everyone rich in hopes that you too can vibecode your path to economic enlightenment.

$LULU new 8-year lows $NKE new 12-year lows Retail research analysts built their entire persona pumping the “moat” of these two. Here’s a lesson: Brands have no moat. They’re either getting hotter, or they’re cooling. You win by observing at which stage the brand is at.

My portfolio went from $350K at 27 to $7K at 32. Anyone else ever have to start over after being nearly wiped out? Glad I didn’t give up