Technology

Just ban or heavily tax stocks.

Oh, billionaire just used stocks as collateral for his loan? 30% tax

Selling or buying stock? 20% tax

CEO: I need the highest possible performance otherwise the board will fire me.

Board: We need the highest return otherwise we’re not willing to support the CEO.

Fund managers: We need to only invest in the most profitable ventures, otherwise people will move their money out of the fund I’m managing.

Pension companies: We need to only put our money in the most high performing funds.

You: I need the best return on my pension so I can retire as soon as possible.

If you’ve ever moved saved money to an account offering higher interest or performance, you’re part of this. I’m not saying that to blame, but people often don’t connect their own behaviour with the behaviour of the market.

That's an interesting question. Either there isn't much tacit knowledge in the company that they can't put in onboarding documentation, or the company is focusing on short term gains at the cost of long term stability

Neither have the large companies. The only difference between you and them is that you have acknowledged this loss of knowledge.

makes KPIs, a measuring tool, the target which as any statistician will tell you that when you make the measurement a target it ceases to be a good measuring tool

This came up recently elsewhere and is known as “Goodhart’s Law”

Yup. Not all value is easily and directly measurable. Trying to overmanage and only value measurable factors is incredibly counterproductive. But hey, that makes the stock price go up. So who cares about anything else.

I remember the grocery store I worked at started posting the rate for each cashier of items scanned per minute logged into a register. They didn’t say anything about it, but I now realize they were probably leading into using that data as justification for something.

My dumbass 16 year old self thought “I’m going to get that number so high it breaks the system.” I would lock my station after the previous customer, and take a little time to face all of the UPC codes and look up produce codes and make a general strategy. Then, I would unlock the register, scan like a madman, then lock it and casually start bagging. The customers would get concerned they needed to hurry up based on my fervor, so I would tell them “Take all the time you need, see that show yesterday?”

Next time they posted the rankings, my number was 20x as high as second place. After a few weeks of getting my number a little higher each time, my boss’ boss came by and told me to knock it off since I was polluting their metrics. Next week no new rankings.

I like to think I inadvertently helped prevent KPI nonsense.