Inderes Coffee Room (Part 11)

Phew! After seeing the headline, I already thought they had spotted me picking up those 2 packs for €10 offers 8 times in a row, even though I used different checkouts. But I won’t reveal any more, lest I be recognized and get banned from the local Prisma.

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Coffee deals have been appearing quite well now that world market prices have dropped. Quite a lot of those 10→5 euros per pack offers. Some kind of competition is clearly working in Finland.

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Perhaps as an administrator, I should be more careful with my words; on the other hand, I like not letting my job restrict my thinking or how I voice it.

The Faron thread is undeniably the psychological phenomenon of the century—a literal laboratory experiment teeming with cognitive biases, from confirmation bias to overestimating one’s own abilities and ignoring uncomfortable information.

Somehow, as one human being to another, you want to help, but that thread just happens there right next to you. It was the same with Voxtur and similar threads. Scary examples of how people completely swallow a company’s narrative bait and start feeding it themselves.

Words fail me here. I’m just shaking my head and trying to finish my morning porridge.

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To summarize with a picture:

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On the other hand, when looking at Faron alongside it, the thought creeps in: how much our own interpretations are actually influenced by hope rather than neutral facts. It’s hard to tell them apart when you can build three different scenarios for every situation. Whether that choice is then pessimistic or optimistic can often be a matter of gut feeling. Scary, I’d say.

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As a consolation, the Sotkamo Silver thread on Kauppalehti is somewhat similar. An endless belief that silver is just about to go to the moon, and they’re already planning on buying SUVs. I hadn’t realized that an off-roader (or likely a crossover) is such a prestigious status symbol; apparently, mine is already too old since the car doesn’t exactly trigger that kind of fervor when I happen to visit the provinces. I’d say that in the city, at least, no one cares.

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In quite a few discussions, the vibe has been exactly the same as in the Faron thread. The difference with Faron is that everyone knows there is no finished product yet, and the risk of losing your money is very high. On the flip side, there is of course a big reward if Bex becomes a drug. Let’s just let everyone put their money into exactly whichever lottery ticket they want. Some people even put their money into the lottery. Or hydrogen companies. Or other hype stocks on this forum. It’s unfortunate, however, that the moderation in the Faron thread has gone a bit too far. Quite a few of my perfectly reasonable comments have been deleted there, while others’ posts of the same caliber are allowed to stay. But it doesn’t matter; I have put my own money into Faron regardless of what another investor’s opinion is. Own decisions, always.

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You can really see the growth of unemployment on LinkedIn. Yep. You can definitely see it in your own circle of friends, too. You have to be grateful just to have a job. I wonder where this leads when many parents are out of work; will children start to think there won’t be enough for them either? Will we see mass depression, from which finding a way out will be quite a feat? Already, studies are being cut short, and people are just staying at home. In my industry, interns are hardly taken on because there isn’t even enough work for permanent employees. And when employees are being squeezed for everything they’ve got and then some, no one has the time or interest to onboard an intern. The result is mistakes and, at worst, expensive bills that someone eventually has to pay. Banks seem to be in a state of crisis regarding lending, for example; how are young people supposed to build their lives? There are already signs of people staying at home because it’s cheap, if not free. You get used to it, it becomes hard to strike out on your own, and habits are hard to change. The end result: people no longer dare to live, survival skills erode—if they had any to begin with—living one day at a time without dreams or hopes, staying cooped up inside four walls. Nothing good will come of these times.

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SUV is a broad term; at its cheapest, you can get a Land Cruiser for five grand, while the newest models cost over €100,000.

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From my perspective, on the other hand, there is nothing unusual about the Faron thread. In all the small biotech companies I follow, the narratives have occasionally run wild. And then things calm down cyclically as time passes, figures are reported, and System 2 gets room to think slowly. On rarer occasions, the sentiment even shifts to an overly pessimistic side, but usually, my expectations are also overly optimistic. Right now, the atmosphere in the Faron thread is actually quite calm overall—it has been different before.

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Many children’s interest in a new toy doesn’t even last those two weeks, so their durability is not the primary factor when making a purchase decision.

True, but on the other hand, it shouldn’t break immediately. The amount of crying and screaming a broken toy causes a child is soul-crushing. You’d gladly pay a bit more if you could be sure to avoid that.

Especially since the dangers of poorly made toys aren’t necessarily limited to just a crying fit.

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A buyer cannot be expected to know whether a toy is safe. Such products should be removed from the market regardless. From a customer’s perspective, whatever is on the shelves should be on an equal footing in terms of safety. Age restriction labels should be in order if the toy contains small parts. There can, of course, be differences in durability. Assessing even this is very challenging for the consumer. It is not possible for a consumer to evaluate things like chemical load or whether it contains asbestos, etc.

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Very well written and perfectly captures my own thoughts. Unemployment figures are just skyrocketing, and even those are lagging behind the real situation. And it surely has an impact on the younger generation, at least those of student age.
That “mass depression” is a descriptive term, and a general gloom really seems to be taking over our country more and more. And it truly doesn’t build faith in the future, so it’s very hard to see any magic tricks for raising birth rates. I consider myself a realistic optimist, but I have to admit that at the moment it’s hard to see any drivers that would bring about any significant turnaround in our country. I suspect that in the future we will see more of that “personal survival” rather than building any common good.

At least the spring sun out there is trying to do its part… :sun:

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Where is this world heading? The youth, supposedly progressive.

It’s a different story for us old guys. Actually, in our household, my wife regularly complains when I don’t obey; apparently, my training is still a bit unfinished. Over the decades, I’ve noticed that by obeying, you might just get a reward.

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I assumed that the TPS Pride jersey would be some really garish and colorful shirt, but the theme is brought out quite subtly and even stylishly. (Personally, I didn’t even notice it among the advertisements at first, but it is there). I don’t quite understand why the veteran player couldn’t wear this now, but maybe it’s not worth bickering about it anymore (at least here). Our worries in Finland are small.

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The result is perfectly logical when you consider how large a proportion of young people today have an immigrant background, specifically from Islamic countries.

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Of course, it’s not about what those Pride ads are like. It’s about principle and ideology, naturally.
I’m more so wondering why everyone except our Don Quixote used it. Simply because if those weren’t consistently adopted on, for example, jerseys, the whole thing might settle down to a more sensible level.

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That was expensive, the current price is about a hundredth of that.

:slightly_smiling_face:

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Exactly. In my own work, this “inherited” unemployment from parents to children was visible in a very concrete way. Specifically, during the recession of the 1990s, some of the children of long-term unemployed people who remained permanently out of work had never seen their parents in the workforce. Instead, daily life consisted of dealing with various government authorities. These children then eventually entered employment services in the 2010s, often with a weak educational background, which in turn was prone to weaken their employment prospects. One can well imagine a situation where, due to long-term unemployment, parents have lived on social benefits for years without the means to provide their children with hobbies, healthy food, and an encouraging atmosphere, as the parents’ energy is consumed by the monthly struggle for survival and dealing with the bureaucracy, with no visible way out to a better life situation. Certainly, depression also manifests more easily then compared to those families where the worries are about something else entirely than where the money to manage daily life will come from. Unfortunately, there often isn’t enough energy to maintain a healthy lifestyle either, which in turn leads to other illnesses in addition to depression, which also do not improve the chances of finding work.

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