Inderes Coffee Room (Part 10)

Cod can apparently be prepared in completely new ways that old men no longer understand:

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Markku from Poland took the Voxturists’ money. Now some Markku from Israel is pumping Intellego. Later, Markku Jalkanen might still join the group.

Nomen est omen

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Hi. I wrote a blog post about that Leveraged S&P500 ETF. Now to the bar, have a good weekend. https://rahatojennukseen.com/perjantai-esittelyssa-etf-steroideissa/

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Do forum members have experience with difficult subordinates/team members at work who constantly feel the need to question decisions and constantly try to find fault in what supervisors do (and then try to bring these faults to the attention of higher management)?

In principle, there is no reason to dismiss or warn them, but the situation is really not sustainable.

A -20% stock market correction starts to feel small when a single decision from a game developer crashes a 6 billion skin market to 3 billion in a day. The market could crash even further next week when the week-long trading ban for these ‘printed’ knives/gloves expires. Harsh fates for many skin collectors/investors. That situation might never recover, unlike the stock

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Hi. I’m not a manager, but I believe that if there are even a few employees in a team or company, there will certainly be subordinates who are “strict about their boundaries”. I don’t see that it can be easily avoided. This is certainly something a manager just has to face in their life.

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Apple surpassed Microsoft :slight_smile:

https://x.com/StockMKTNewz/status/1981787935155384689


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I myself have only been a shareholder in the company started by the Jalkas family for a little over a year, so I haven’t delved much into the past, and therefore I cannot or even do not want to comment on Markku’s actions.

In the future, when we get a cancer drug from Bex, which now seems to be working well, then the money won’t be completely wasted from a societal perspective.

It’s surprising that you’re commenting here in the coffee room section. You haven’t been very bearish lately on the Faron thread.

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Return is return and dividend is the investor’s salary :smiling_face_with_sunglasses:

https://x.com/patientinvestt/status/1981695406422753368


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Without knowing this specific case, on a general level, openness in an organization helps a lot in avoiding such situations – when everyone sees what each person does and communicates and with what justification, there is less vague ground for discord, gossip, etc., to grow. If an organization is, for example, rigidly hierarchical where every message goes through a “broken telephone,” the risk of problems is high.

Of course, difficult situations sometimes still arise, and then, depending on the situation, one can address the matter directly with the person themselves or, for example, ask for advice from one’s own supervisor or (if one has one) a mentor. In such cases, one must, of course, have specific examples of the behavior to refer to. When talking about difficult matters, the message can be softened depending on the situation, for example, by starting with “I feel that”.

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Oh, wonderful, it was so nice that you could make it! So, in the audience, there were at least a couple of familiar faces from the forum and my mother :slight_smile: This was a nice ending to a great project.

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Thanks for the advice. The person has been discussed with multiple times, and also by an HR person, due to occasionally inappropriate behavior. I have already considered quitting my supervisory duties as soon as I find a job that is nearly as well paid. I have been a supervisor before in my career, and there were no difficulties then. Only this latest assignment has been a struggle.

I’ve had a feeling that it’s some kind of endless power struggle. The person knows how to behave and knows how to bring up so-called mistakes at opportune moments or intentionally reports them to systems. The mistakes are always a kind of hindsight, which are nice for scoring easy points.

People generally don’t seem to understand that in today’s working life, a supervisor’s plate gets so full that some task inevitably gets delayed or a wrong choice might be made (often due to insufficient information).

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What do you think is the correct method for reporting a supervisor’s mistakes or shortcomings, if one is not allowed to report them to the company’s systems or escalate them to the supervisor’s supervisor? If a supervisor’s desk has so much work that they cannot complete tasks honorably, then more people need to be hired or tasks need to be delegated more actively. Furthermore, isn’t current working life specifically encouraging regular team retrospectives, where mistakes and failures are openly discussed, and then it’s pondered how they could be avoided in the future? In many companies, this is done every couple of weeks.

I myself have sometimes had to tip off my boss’s boss that my boss doesn’t have enough time to cope with work and that something should be done about it, because it’s already affecting my own work. I don’t think there’s anything strange about that; it’s just normal work organizational discussion. As a subordinate, I certainly don’t accept any excuses from my boss like “I don’t have time because there’s too much work” or “I can’t make the right decision because of incomplete information”, and I myself can never say that to the next level without losing all credibility. Just do the work on time in the future and get the missing information, so subordinates will have an easier time too.

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Based on the Finnish stock calendar, next week seems to have more than just “Cod Thursday” (Loss Thursday).

Among others, there’s “Mammon Monday” for Kemira owners, “Industry Diversifier’s Tuesday,” “Into Kankkula’s Well - Wednesday” for those who invested in falling knives, and based on company names, with the exception of a few companies, a downright “f***-Friday,” before which even those few good companies will have time to issue negative news :grin:

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It’s quite easy to have a supervisor position or other decision-making role where no mistakes are made. At least, I haven’t had such positions. Let alone ones where there are so many factors relative to the workload that there would be time to handle all tasks as well as one would like, or even well at all. Yes, the Eisenhower Decision Matrix and the left hand for less important tasks have been in diligent use in any more demanding managerial position, at least for me. Feel free to give a tip if this isn’t the case somewhere and thus easy money is on offer. I mostly agree with your message, but difficult armchair critics often find ways to clog up systems with complaints. Fortunately, reasonable superiors of supervisors usually realize that crackpots are crackpots and no longer take such individuals’ complaints seriously.

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Errors are a normal part of (working) life, so there’s no need to be ashamed or afraid of them, even if it’s a very common reaction, even among supervisors. If you say, “I think you made a big mistake here”, it will be taken as a personal insult, not an open invitation to discuss changing operating methods. This unhealthy perfectionism kills all possibility of development and open discussion within the team in an agile spirit. The best teams are able to actively and regularly identify when things are being done correctly and when they are being done incorrectly.

Even on forums, you often see the reaction that when a flag is raised on a written message, it’s a personal apocalypse, and the flagger is talked about as if they had shot the flagged person’s dog. Leadership is primarily about taking responsibility, and if one cannot accept and deal with their own mistakes and take responsibility for them, then one is simply a bad leader. Of course, subordinates will always grumble to some extent, no matter how things are done, but in a country like Finland, bosses are not noblemen before whom one needs to bow or watch their words. One simply has to accept that a subordinate can also have something smart to say about their own working methods.

Even if 100% of your bandwidth is used every day (not recommended), it doesn’t mean that tasks should regularly be delayed. Tasks must be constantly reprioritized and rescheduled as they come in, but if things go over new deadlines even after rescheduling, causing them to be delayed, then it’s time to look in the mirror again and seek a change in how things are done. Everything else is shirking responsibility.

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Yes, my own day too :smiley:

Unfortunately, this week the knives have continued to fall :sob:

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According to the tweet below, unemployment in the United States has grown the most in sectors where the impact of AI is minimal.

There has also been an increase in sectors susceptible to AI, but only slightly less. So far, according to the tweet, AI “slows down” the labor market, but is not the main reason for the weakness.

https://x.com/KobeissiLetter/status/1981485070855684328


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When bandwidth runs out, people tend to forget that one can first delegate to subordinates, or if subordinates lack bandwidth, one can report upwards that one is unable to safely perform all assigned tasks, so some will remain completely undone, and managers should use this information to make leadership moves.

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Funny, the title of the tweet below: “AI doesn’t explain the entire growth in unemployment”

Such an amateur would say from those curves that AI doesn’t explain anything yet. But it’s well known that history is no guarantee of the future


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