Inderes Coffee Room (Part 10)

Sounds reasonable. Just recently, a case came up in Finland where, at a Christmas party, while others were drinking alcohol with their food, a pregnant employee was the only one charged for her drinking water because she didn’t have alcohol. I would be ashamed on behalf of the restaurant to do that.

If I may advertise a little, at Restaurant Brahe, even when driving, it’s advisable to avoid just tap water if you don’t want a special bill for it.

Edit. @Alan_Dorkin_Jr so it wasn’t a private company event. Which doesn’t make it any nicer.

18 Likes

What was the deal with that? What does it matter what one drinks if the company pays?

2 Likes

Good old Walmart made it to the top ten :slight_smile:

https://x.com/StockMKTNewz/status/1996990961964941656
image
image

2 Likes

If you had 100k in a bank account, which dividend-paying company would you personally invest in?

Thanks for the tips.

2 Likes

In mines and other worksites, excavators and other machines have been operated remotely for years. Certainly, in the future, this activity will expand in the future.

3 Likes

Happy Independence Day, Inderes folks :partying_face:

65 Likes

I wouldn’t put that much into one company unless I had at least a million (preferably 2 million) diversified in other stocks, but in my opinion, it’s worth looking for stocks whose dividends and earnings are also growing in the future. That already increases the difficulty.

It’s advisable to time stock purchases over a longer period. A year is a short time in investing, and it’s worth reading at least a few books related to investing.

Investing is interesting, but by no means is it easy. It might have been a borrowed phrase, but I’m not entirely sure…

5 Likes

Oh no, RIPs, it was nice knowing you, esteemed forum members.

Collapse, blood, and pain promised for 2026, a traditionally sure contra signal for the direction of the stock markets. Only Cramer’s positive forecasts would be a surer sign :grin:

6 Likes

Recent layoffs

https://x.com/KobeissiLetter/status/1996945104313999841
image

2 Likes

Altria, AbbVie, Johnson & Johnson, Realty Income, and the world index.

20% in each.

Not investment advice.

5 Likes

Regarding this remote work discussion. I myself work in IT operations, and I couldn’t imagine it without remote work. Lately, remote work has simply become the default. There’s no interest in going to the office unless there’s a meeting there, especially with management, as they are invariably at the office.

Then I noticed the discussion about tacit knowledge. Here, I believe that considering two things: 1) the typical personality type in IT operations, and 2) what working life has become in recent years, people are practically very isolated at home on Teams. A normal workday for anyone involves 4-16 meetings per day, a large portion of which are practically overlapping. This turns work into mere execution without any mental break.

It’s probably clear that in the aforementioned way, there are no social breaks, and you can’t just call a colleague when an idea strikes, because they are all tied up in their own Teams calls. The default is to schedule a new meeting with them, perhaps for next week. This way, tacit knowledge, or rather the entire company culture, gradually goes completely wrong. So, there’s no informal time with colleagues; with your supervisor, you work through things one-on-one, perhaps once a week; otherwise, in meetings, you figure out everything that needs to be done at any given time, and in the evenings, you do the actual work, because there’s no time to do work during the workday.

I believe there are others in the same boat? I often use production, for example a warehouse worker, as a contrasting example. Such a person cannot just grab a forklift and start haphazardly figuring out what to retrieve in a gigantic hall. They are protected both by the physical impossibility of doing five things simultaneously and by some kind of process that all warehouse workers follow. Well, in the IT sector, it’s completely the opposite: work management is miserable, tasks are consistently poorly defined, and most importantly, your calendar is arbitrarily controlled by everyone else but yourself.

22 Likes

Happy Independence Day! :finland:

I made a short one-minute video about the returns of the Helsinki Stock Exchange: still, our stock exchange is one of the world’s top stock exchanges both this year and throughout its history, even if it doesn’t always feel like it. :smiley:

72 Likes

Happy Independence Day! :finland:

Here you can learn about Finland’s very early beginnings :slight_smile:

17 Likes

The whole gang is here for the holiday. The boys came over with their girls.

The millionaire stock guru ‘suppis’ shelled out a couple of hundred and paid for the festive dinner and a 3-liter box of red wine. 18 different cheeses🤌 The picture is still missing a bit of this and that, e.g., the crown jewel of the celebration, The Routapaisti.

20251206_110035

So, happy Independence Day from me too :finland: We’ll visit the war graves and watch the Presidential Independence Day Reception, of course. When you look at the way the world is going, there’s certainly a reason to celebrate independence!

110 Likes

Happy Independence Day to all!

We are fortunate to be independent thanks to the sacrifice made by our forefathers. Let’s thank them in our thoughts, if it’s not possible in person. Let’s encourage our leaders to act decisively and courageously for the right things in today’s world. Let’s not forget Ukraine either, which is fighting an existential battle for its own independence. :heart:

Celebrate in moderation, and if an emergency strikes while away from home, use public restroom facilities whenever possible. :backhand_index_pointing_down:

kuva

34 Likes

Henri Huovinen again as a myth-buster :slight_smile:

https://x.com/HenriHuovinen2/status/1997280351312355667
image
image

8 Likes

This whole post was like a description of my own daily life, except I try not to work more than 8 hours a day, even if I don’t get to do the actual work. My mind is completely exhausted by then, and brainwork no longer produces results when working overtime. The to-do list, of course, looks exactly like there’s one hour available for six hours of work, and ultimately, more tasks are forgotten than completed.

When in the office, lunch is the only sure time to be socially present with colleagues, but you can’t (and don’t want to) talk about work matters in the cafeteria. Of course, when a 30-60 minute group meeting is scheduled, one Teams meeting runs over and arrives late, another has to rush to eat in 15 minutes, and a third continues working in Teams chat throughout lunch. We also have a separate weekly Teams meeting reserved for informal team chat, but usually something more important comes up on top of that too.

So, while pondering this, I realize how silly the system has become, at least for an IT consultant’s daily life. And on the other hand, I also know that for my non-IT client, the situation is even worse; they are a “meeting organization” by their own admission.

It also occurred to me that even without interaction, the ideas and innovations that arise in one’s own mind happen elsewhere than under (social or other) stress. So, there should be empty and boring (personal) time during working hours anyway, when there’s still brain capacity left for the day and the right context in mind. Perhaps the lack of innovation isn’t due to remote work but to too tight a work pace? Would a slightly lighter performance requirement free up enough bandwidth for the brain to make innovation possible?

I should really pull myself together and start valuing my own empty time. It’s just a shame that it’s difficult to mark it as billable work, the amount of which is the most critical possible metric for a consultant doing client work.

7 Likes

Work management would be needed. However, since all work in the IT sector nowadays is project-based, an individual expert might be involved in, for example, 6-7 projects plus other routine tasks, and no one in management, not even the immediate supervisor, knows the sum total of what a single expert does. Because of this, working life is quite broken: no one does anything productively. We pretend to be very efficient, but in reality, we just go from one Teams meeting to another, and a person is completely in a brain fog by 3:00 PM at the latest, if not earlier.

9 Likes

That lack of leadership plagues Finnish working life not just in the IT sector. Middle management lives a very distant life. Experts are expected to, and they themselves also demand, considerable autonomy and independent work, even though it often leads to decreased productivity. The assumption is that a motivated professional will indeed produce optimal results 100% of the time and no one needs to interfere with that. Of course, this is not actually true; everyone benefits when supervisors do their job: they give clear goals, define the required quality, and ensure that the tools and skills are sufficient for the required performance.

4 Likes

Here’s an interesting tweet where the tweeter thinks we are far from a proper bubble. :slight_smile:

https://x.com/TimmerFidelity/status/1996966481578344847
image
image

5 Likes