• NOT_RICK@lemmy.world
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    8 days ago

    I have to be honest, as someone who is not fully immersed in the financial markets, the chart pattern reading kinda strikes me as astrology for guys in suits.

    I feel this deep in my bones

      • sugar_in_your_tea@sh.itjust.works
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        7 days ago

        And apparently my team at work. It’s more of a curiosity (oh, you’re somewhat extroverted? Interesting!), and it gives us a chance to ask questions to get to know a new hire.

        If you’re making actual decisions based on the MBTI test, then that’s on you. But it’s kinda fun to compare.

        • Sterile_Technique@lemmy.world
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          7 days ago

          It’s used widely for actual hiring decisions. If you’re qualified for a job but they want an INTJ but you’re an ENTJ according the overgrown Facebook quiz, you get a rejection letter.

          It’s unethical as fuck, and absolutely rampant in corporate America.

          Now, as a team building exercise or role play to get to know potential clientele, yeah no harm.

          • sugar_in_your_tea@sh.itjust.works
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            7 days ago

            Wow, really? We only do it like a couple weeks after hiring, and you can respectfully refuse. We just do it as a “get to know you” meeting so we can get the team familiar with the new hire.

            • Sterile_Technique@lemmy.world
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              6 days ago

              Yeah, some employers are really stupid about it. They treat it like a crystal ball. I’m not an expert in psychology, so the best I got is second-hand insight, but one of the perks of working in a hospital is I get to routinely pick brains that are a lot smarter than mine, to include a couple of psych PhD’s: ask them about the Myers Briggs and they immediately start ranting about how it’s pseodo-science bullshit. And some doctors do rant about shit outside their scope of expertise, which pretty well puts them at the same level of idiocy as the rest of us (i.e., if your ortho doc starts raving about how vaccines cause autism, the MD on his badge carries literally zero weight: he knows the fuck out of bones, but until proven otherwise it’s best to assume he got his education on vaccines from Fox news). But when experts in psych bitch about psych stuff, I take that at face value.

    • restingboredface@sh.itjust.works
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      8 days ago

      Oh my God this is so f-ing true. It makes me think a lot of sociology classes I took in college where we’d talk about the artificiality of money how it’s only meaningful because we have collectively decided it is. The folks who try to make it all scientific with lots of elaborate analytics and complex charts are basically just engaging a social math exercise.

      • addie@feddit.uk
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        7 days ago

        Money is an emotional thing. Do I believe that this coin / bit of paper / number on a website is something that I can exchange for goods and services? If not enough people believe that, that currency will collapse.

        Mind you, not using money is inefficient at scale. Sending the bag of potatoes that I’ve grown in my garden this month to my internet provider for continued shitposting privileges only goes so far.

        • aesthelete@lemmy.world
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          7 days ago

          Money is an emotional thing. Do I believe that this coin / bit of paper / number on a website is something that I can exchange for goods and services? If not enough people believe that, that currency will collapse.

          That’s not true at all. You know most of the reason why your currency works? It’s not based on tinker bell. It’s based upon the fact that the government collects taxes from you in it. It’s also based upon the fact that other countries will accept it as repayment of debt or face military consequences.

          Now, stock prices are mostly irrational – though some companies do actually produce valuable goods and services and own infrastructure – I’ll grant you that. But belief has very little to do with USD being more than green-tinted paper.

            • aesthelete@lemmy.world
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              7 days ago

              Expectation of stock value, sure, but also inherently valuable in that the services or products they provide are things that people value. For instance, a utility company that owns electrical plants and produces electricity and distributes it provides an inherently valuable service. Who pays for that is a separate concern, as is the stock price, but the service itself is valuable.

              • Natanael@infosec.pub
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                7 days ago

                There’s no definition of “inherently valuable” which doesn’t rely on arbitrary axioms. Especially because no amount of inherentness can guarantee a minimum price.

                • aesthelete@lemmy.world
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                  7 days ago

                  Do you find food valuable? Clothing? Shelter?

                  Some things are valuable because we’re frail creatures who need stuff in order to survive. I don’t believe in gatekeeping those vital things behind a monopolistic mega-corporation but my country sure as hell does. The monopolistic mega-corporations that provide human necessities become inherently valuable by proxy.