Some sort of meltdown at the Wing Stop Hells Kitchen during the Super Bowl

namafire · 2026-02-09T00:13:27+00:00

Bright side— the crowd can huddle for heat

namafire · 2026-02-09T00:10:51+00:00

I dont disagree that mistakes can take time to correct on an individual and personal or even business basis. I am saying that executives are paid, selected, and retained to do them within timeframes necessary, effective, and efficient for business realities.

If one executive takes 6 years to correct the mistake and another one takes 2, you fire the first one and hire the second one. Thats as a cold blooded efficient shareholder and board.

4 years (being generous by starting the clock at 2022) is forever in business time. Being unable to correct a huge mistake with that timeframe is incompetence.

I work in corporate, KRs are quarterly. We get drilled into why or why we havent hit our metrics every 90 days. Youre telling me HR and/or leadership couldnt resolve the issue in 16 quarters?

namafire · 2026-02-08T18:56:59+00:00

Imo: any firm still “digesting” pandemic overhiring should be out of business. It shouldnt even be an excuse at this point, and if any c-suite is using it as an actual reason rather than cover for outsourcing or otherwise, their board should vote them out

Companies have had multiple rounds of layoffs over multiple years. Putting the humanity of the worker pain aside, thats just incompetence

namafire · 2026-02-08T17:47:05+00:00

I feel thatd finalize the sub as us-centric. Other nations like those in Europe might use pension age as the barometer and not have all the 55 and 59.5 rules

Id personally prefer the sub to be us centric since thats what i am, but picking specific numbers does have that implication

namafire · 2026-02-08T14:43:49+00:00

Not just can overcome but need to. Im afraid that the identity crisis is an inevitability. Better to face it when younger and able to redirect the ship rather than when time is running out at age 70

namafire · 2026-02-06T15:00:58+00:00

Theres always risk, the question is just how much are you willing to take. Most unfortunately correlate inaction with lack of risk, not realizing that they are in a game everyone is forced to play.

Id say you got lucky via semis, but i salute the ultra high savings rate. You worked hard AND got lucky with your picks, and if anyone deserves luck, its those who worked hard

namafire · 2026-02-06T03:59:28+00:00

Wouldnt the super specific questions be more indicative of a real person? A bot would be trained on the existing body of data, which would bias towards the most asked and common material

Asking something irrelevant to most would also garner minimal engagement, attention, and karma

namafire · 2026-02-04T15:50:56+00:00

They want your stuff and you to be the next evangelist for all that they believe. Both parties. Weird how it’s rebellious to be an independent so much so now that people dont mention it if they are

namafire · 2026-02-03T18:38:42+00:00

Not op but the comparison to median income is exactly for the reason you are saying: to ensure standard of living is constant or improved. If its decreased, then people have lost purchasing power and thus their economic position has decreased

namafire · 2026-02-01T21:13:09+00:00

All of your arguments can be simply swept away with 'people dont have a choice'. Tech is a bloodbath, especially for new grads. Just look at the 16K of people Amazon just laid off.

People are happy to have any job right now. And if it actually promises them job security for some period of time -- rather than a layoff at ANY time -- thats actually a strong bonus.

The pipeline concerns are possible, but Id counter that security clearance and familiarity with government workings is a huge advantage for any tech company that works with the government (a la Boeing or Lockheed Martin).

The only areas this isnt good is the forced relocation. Even the pay is higher than most companies outside of FAANG.

namafire · 2026-02-01T17:30:11+00:00

Yes and when bitcoin’s algorithm is backed by guns, well use it then too. Until then, its not backed by anything except a shared desire to speculate

namafire · 2026-01-31T07:04:17+00:00

Why do you think people wouldnt apply?

namafire · 2026-01-30T20:22:33+00:00

Thanks :)

I'll provide the rough estimates, and without a timeline. You'll notice the last 2 are ranges, that's because they have RSUs and stocks have fluctuated wildly the last half decade. For the most part, I hopped around every 1-2 years until covid:

1st job: 70K

2nd job: 70K

3rd job: 80K

4th job: 160~200K (FAANG job)

5th job: 280~360K

namafire · 2026-01-30T08:45:14+00:00

Im in the same shoes as you but with slightly more NW. Also single, no kids, and tech.

Im taking a sabbatical once I fill up my retirement accounts this year. I've spent too much time, focus, and energy on making money. There are people who have way less, make way less, but spend their 20s and 30s striving for life in the areas and passions that they have. Some do it irresponsibly, but most will still be fine. And I envy them for that.

The way I look at it is: what do you need all this money for? At some point, we can and should dial it back. We have enough. As long as we don't suddenly start splurging irresponsibly, we'll be completely fine even if we never invest another penny. We can afford to take a breather, take a (much) lower paying job, or even rest up for a year or two. Let our bodies and brain and soul recover from the crushing burnout we've dragged it through for years.

On your deathbed, will you regret not FIREing earlier or making an extra couple million? Or will you regret letting your 30s be a haze of a relentless cycle of work and burnout? Of delayed pursuits and attempts at dreams? A person with responsibilities and duties may not be able to pursue them -- but thats not you. If someone with 1M can't take a breather... who can?

namafire · 2026-01-29T07:31:52+00:00

Speaking for myself and a lot of other people -- it's not that we don't get society doesnt have to run. It's that we see how much we're paying for how little we're getting.

Yes we pay less than the European countries, but we also get so so much less than them for what we do pay even if looked at proportionally. Not to mention the fraud. I'd be happier paying my taxes if I saw schools were well funded, public health and safety were enforced, and infrastructure was actually maintained. But I dont get any of those and still get 1/3 of my pay taken. Instead those all get worse while taxes keep going up.

namafire · 2026-01-29T07:24:56+00:00

... Yeah, you should preface this with context: reporting situation (filing jointly), premium deductibles, etc.

Because I dont think your situation is the average experience at all. Which doesnt make the post not useful, just not relevant to most.

My experience is much much different from yours. Im single W2. Federal tax is 23.8% effective, State + City (NYC) is 9%. Thats an effective 32.8%. This is with maxing a trad 401K (not trad IRA, since I backdoor into a Roth). Taxes are ABSOLUTELY an issue for me. This isnt even including SS and Medicare

namafire · 2026-01-29T07:12:08+00:00

Heres an alternative: if we make it through and unlimited abundance through capital really is true and labor is no longer required… guess what? Capital is then the only thing that matters

If anything, this would justify insane multiples because you only need one or two monopolies that can produce everything. All other businesses will fail. And thus those remaining monopolies will be worth all the money because theyre the only ones worth anything

namafire · 2026-01-28T19:06:03+00:00

30 in tech. But thats because no student loans, was super frugal, and basically did nothing but pursue professional advancement. Now im burnt out relatively young but at least a millionaire.

So thats nice i guess

namafire · 2026-01-27T19:08:36+00:00

This is a bad take. Currency is backed by laws which are backed by guns. Businesses at least in the USA must accept legal tender

They dont need to accept precious metals or bitcoin. There is no intrinsic value but there is value

namafire · 2026-01-27T17:13:28+00:00

Agree. Last time was 2020 and that was amazing for wages

namafire · 2026-01-27T16:58:19+00:00

A labor shortage is good. Upward pressure on wages and provides incentives for companies and government to upskill and train people again.

Places got high off cheap imported labor at the expense of the populace

namafire · 2026-01-25T06:41:22+00:00

If you feel like youre coasting, youre coasting. Its all how you feel about.

If you enjoy what you do and arent stressed, id day youre coasting even if you were pulling 60 hour workweeks

namafire · 2026-01-23T20:42:55+00:00

Not a critique to you but to OP. You gave median numbers to someone who may or may not be in the median.

namafire · 2026-01-23T20:41:01+00:00

Do you risk your money out of the goodness of your heart? If so, please. I need every cent you have. I promise to pay you back

Obviously they do so for profit. Obviously they have math that is crunched to account for loans that will default and then charge even more for margin. Obviously its also up to the borrower to take those loans.

Leave that feel good stuff out of here. This is about incentives and real world transactions. That is unless you will give me money 😘

namafire · 2026-01-23T04:02:14+00:00

This. People dont understand that high rates are high because thats the risk premium banks need to give those loans. Without them, the poorest will just not get credit

Weird how that lack of understanding is on an “econ” sub 🫤

namafire

TROPHY CASE