In my opinion you are mostly right. I lived in a Detroit suburb when the city's population dipped below 1M, which was a big deal at the time. 1M was a federal funding floor or something like that so they were literally rounding up homeless people to try and make the cut... unfortunately it didn't work.
I think there is an untold story here about the part that the automobile played in the fall of Detroit. Detroit probably experienced more sprawl than other cities due to the influence of automobiles on the local economy. You only need to drive around Bloomfield Hills for 10 min to know that the metro has plenty of money, but the people who could afford 2 cars weren't staying in the city proper.
On the flip side it was a terribly exciting place to live at that time. Detroit still had excellent music, sports, and entertainment. Unlike the major metros on the coasts, I never knew anyone who had a problem making rent or had to work extra jobs to get by. A double edged sword I suppose.
The book was good but I struggled to finish it. You as a reader are encouraged to read because the ideas are so good but then it becomes hard to endure through to whatever resolution was waiting. For those unfamiliar, it will feel something like Momento - you start to feel yourself changing as you work through it. Worth a go for anyone looking for something different.
I know I must have read it, because I've found the book here with a page marker, but I don't remember much. I also can't find the book right now - it must be in my office somewhere.
thats the game though. Elon is selling a "slice of the future" and everyone starts having FOMO... the result is a P/E ratio of 300 or whatever crazy number. We will all agree that the company isn't worth that, but theres a bunch of people happy to buy meme stocks that will make a ton of money without the slightest idea of how to value stocks. Botton line an asset is worth what people are willing to pay for it.
The article's point is sound, but its missing a key component. People who build simpler systems are capable of getting more done - the build takes less, the maintenance takes less, etc. So when the engineer choosing simplicity is looking to get promoted they might have 3 or 4 bullet points to their name instead of 1.
Of course, over-simplification is the wrong decision some times, the same as abstraction and complexity is the wrong decision some times...
Your shortcut for promotion is generally building value for the company, but people need to remember that promotions support the business and they aren't free to the company.
Unfortunately, no, simpler systems often take longer to create. It's always easiest to just add some janky widget hanging off the side, than to rejigger the whole system to be simpler. It's like the Pascal quote: "I have made this longer than usual because I have not had time to make it shorter."
They take less to review and maintain etc, but the credit for those positives aren't assigned to the original engineer. Which is the point of the article.
Interesting story for sure (to be clear I'm not talking about the writing by Reuters), but would you buy or skip the OpenAi IPO?
To me it feels like one of those throw some play money into it and see what happens sort of situations. Expect it will return negative due to the raw financials and outlook, but small chance the brand carries enough weight with the public that it spikes.
I've written these words multiple times here on HN, and have a draft blog by virtually the same title. I can't agree more with the sentiment, though I think theres some nuance the author is missing out on. Regardless, thank you for sharing.
I think there is an untold story here about the part that the automobile played in the fall of Detroit. Detroit probably experienced more sprawl than other cities due to the influence of automobiles on the local economy. You only need to drive around Bloomfield Hills for 10 min to know that the metro has plenty of money, but the people who could afford 2 cars weren't staying in the city proper.
On the flip side it was a terribly exciting place to live at that time. Detroit still had excellent music, sports, and entertainment. Unlike the major metros on the coasts, I never knew anyone who had a problem making rent or had to work extra jobs to get by. A double edged sword I suppose.
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