Based on my own experience, in Finland, a Bachelor’s degree specifically is useless… a completely “pointless” degree, with the exception of a few rare fields like early childhood education, etc… In principle, you are not qualified for so-called basic jobs in your own field without a Master’s degree. Employers often cannot give enough responsibility to an employee with just a Bachelor’s degree, perhaps due to legal/technical reasons (?), and for that reason, they are not hired.
In contrast, for example, in the UK, people get a Bachelor’s degree and are employed as “qualified” in their field (of course, the job then teaches them), and they only continue to a Master’s if they are interested in academia, for example, as a researcher or in teaching.
I did my Bachelor’s degree in the UK, and all my fellow students at the time wondered about my obsession that everyone should also get an MSc. However, there, a Master’s is almost without exception a 1-year sprint, whereas in Finland, people drag it out for AT LEAST two years.
Edit: And I am also of the opinion that a Bachelor’s degree should be sufficient in most fields for entering working life in Finland as well, through which one then learns more… and an MSc then for those who dream of a more scientific career path or teaching.
If you are reading this, say, a trillion years from now, and the heat death of the universe worries you (e.g., the problem of the sun dying out has long since been solved by then), then here’s an idea - and why not now if you can solve the problems!
If the game flops and the stock is below 15e after the release of Control 2 in 2027-2028, then at that point, some kind of public shaming event must indeed be organized. With the disclaimer that if the recommendation has turned negative in the meantime due to a possible price increase, then the responsibility is voided
A terrible situation. Has this been caused by an open SP500 short position? Did one of the managers embezzle funds? No, the culprit is our old acquaintance, namely hotel projects initiated by amateur investors…
HYY was long known as one of the world’s wealthiest student unions. It has owned properties in the center of Helsinki for over a hundred years.
Before the COVID-19 crisis, HYY embarked on more ambitious real estate development projects than before. It invested nearly 300 million euros between 2020 and 2024. The money mainly went to the Lyyra project located in Hakaniemi and the Grand Hansa hotel project in the city center. These investments significantly increased HYY’s debt burden.
I have also admired that production. Art succeeds in telling more than any documentary
Regarding these bubbles. It feels like many have had the challenge of not knowing what game they are playing. If one chooses to ride the crest of a bubble wave, one should keep their ears and eyes open for when the enthusiasm is exaggerated. All kinds of lifestyle investors and “Polish Markkus” appear. Even analysts’ 10-year projections for growth companies’ cash flows should be taken merely as entertainment.
The best thing is that everyone gets to choose what game they play. Naturally, in 2021, I didn’t know how long the rise would continue, but I knew that no bubbled stock met my own requirements in terms of valuation or margin of safety, so I simply didn’t buy them. Even now, you don’t have to eat all the mushrooms. Then you don’t have to worry about after-effects. This time too, I thought I’d leave the bubble for others to worry about and just do my own thing.
For example, the bachelor’s degree in engineering is quite overrated, and the better and more demanding courses come during the master’s or DI (Master of Science in Technology) phase. The bachelor’s phase should be tweaked to be a bit smarter. In my opinion, an engineering bachelor’s degree often doesn’t truly correspond to an engineer, even though they are equivalent on paper.
In my own case, I can indeed say that having children wasn’t really of interest right after graduation anyway, especially since I finally had money and time available. I had a rather long academic path behind me after university, without any gap years apart from military service. I didn’t even take holidays, because I was working during the summers, and there was always some study-related task to do during other vacation periods.
Public funds and a few non-profit foundations have started to take over Vanha, and intend to buy the Old Student House from the Student Union of the University of Helsinki.
Currently, the project is supported from the public side by the University of Helsinki, the Finnish state, and the City of Helsinki. From the private side, the project is
Mixed feelings. Happy, proud, and at the same time a little scared. My son was chosen as a team leader for KRIHA. Training starts in the spring. The duty station is not yet clear.
He himself wanted to go there and is aware of the risks, so I guess as a parent, I just have to accept it and be happy. It’s certainly natural to be a little scared; after all, it’s my own flesh and blood that I get to worry about.
He’ll get a nice nest egg from the year-long assignment, and he has a firm intention to put his wages into investments.
It’s nice that this is being discussed and the public broadcaster is making articles about it.
In the big picture, I agree. As a society and economy, we would need growth, investments, risk-taking.
I appreciate actors who take risks, especially with their own money, and dare to try.
The risk-reward ratio hasn’t appealed to me personally, but I wish all the best to Aiforia, Nightingale, Bioretec, etc., who are burning a lot of money chasing big opportunities.
The article’s point is probably to defend why these are done and to explain what is being done. As a society, the desirable direction of development would be one hundred billion from current accounts → to anything productive.
Unfortunately, however, this article mainly evokes feelings like these:
When you look at the stock exchange, there are, for example:
Nordea reaps interest income and commission fees throughout society. The purpose is not to grow in any way, but to milk money with both hands and return everything to shareholders as dividends and share cancellations = stock price ATH
Sampo monetizes customers with its insurance business. Efficient cost control and processes → money is carved out and distributed to owners = stock price ATH
What about the slightly more growth-oriented companies on the stock exchange:
Witted came to the stock exchange with growth aspirations, and as a reward, its stock is at ATL levels, and the company’s valuation is EV/S=0.3
DT would like to grow. Over ten percent of revenue is constantly burned on product development and investments. Owners are delighted on the stock exchange with a valuation of 2026 EV/EBIT 8
KH Group tries to focus and grow; all investments into KH Koneet and conquering Sweden from a strong foothold. Well, that too is ATL, and the stock price goes to P/B=0.5 and P/S=0.1
Among other growth-oriented companies, we can mention Qt: all USA technology companies benefit immensely from the AI revolution, and conversely, that naturally means all Finnish companies suffer from the AI revolution, so naturally, Qt’s stock price is quite close to its 5-year lows.
Then there is, for example, Kamux, which wants to grow into Europe’s largest used car dealer. As a reward, the company has for many years in a row collected mockery and demands that its international operations be shut down. The company is currently valued on the stock exchange with a market capitalization that is less than 70% of the value of the cars in its yard.
Duell is expanding across Europe and consolidating the market. As a reward, its valuation on the stock exchange is 21 MEUR (million euros) market capitalization, 21 MEUR net debt, and 53 million in inventory.
F-Secure grew through an acquisition and invested in growth. For this, too, it has been rewarded with an ATL stock price.
The headline would probably have been a bit different, in that case “Stock market millionaire’s luxury Porsche burns and pollutes the world and destroys children” (P.S. I can do freelance headline writing, IL/IS/Seiska etc. can send a private message)
“Stock market millionaire’s luxury Porsche burns and pollutes the world and destroys children” (P.S. I can do freelance headline writing, IL/IS/Seiska etc. can send a private message)