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chronic94057on Financial Statement Analysis with Large Language Models

> "buy and hold the S&P 500 until you're ready to retire"

That is bad advice.

VGT Vanguard Technology ETF has outperformed S&P 500 over the past 20 years.

All the people who say “VTSAX and chill” disappeared in the past 3-4 years because their cherished total passive index fund is no longer the best over long horizons. And no, the markets are not efficient.

chronic94057on Financial Statement Analysis with Large Language Models

> The deals for most of these set ups are team founders/pms are paid mostly by profit share.

These PMs are not the ones job hopping every year.

And 95% of interview candidates are not PMs.

> So the only scam is scamming yourself into a low salary position for a couple years till they fire you.

200k-300k USD salary is not low.

And 1 year garden leave / non compete? That’s literally 0.5M over 2 years for doing jack shit.

This is very appealing for tech SWEs or MBA product managers who are all talk and no walk.

But even with profit share / pnl cut, many firms pay you a salary, even before you turn a profit. It eventually gets deducted when you turn a profit.

> Orders of magnitude more leave their jobs of their choosing than are fired.

Hedge fund, maybe. Prop trading, no.