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by rramadass
654 days ago
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But it wasn't like this in the beginning of the Industrial/Knowledge revolution. Engineers/Scientists were valued and founded companies with Engineering at its core with Management/Marketing/Sales/etc. playing their proper ancillary roles. It was much later that the system was manipulated to place Management on a pedestal (undeserved) citing market/financial reasons. And Engineers have allowed this to happen, take root and persist to this day. We need to change the above status-quo. However; the important point we need to be aware of is that in the current Economic/Financial System many events and their payoffs are no longer linear and that is what companies are trying to optimize for. The best explanation of this is Nassim Taleb's Mediocristan (non-scalable) vs Extremistan (scalable) dichotomy. This video Pareto, Power Laws, and Fat Tails—what they don’t teach you in STAT 101 is a very nice overview of the essential points : https://www.youtube.com/watch?v=Wcqt49dXtm8 |
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