I really don’t understand how on one hand all of these CEOs and investor types are geniuses and just built different but on the other hand they’re hiring people and firing people because they couldn’t predict the line on graph doesn’t always go up.
If I had to guess, it’s because of money. There was more incentive at the time to grow fast and try to maximize profit than to limit growth and potential profits in case of a market downturn. Tim slightly explains what happened.
I feel like back in March 2022 Epic did not really anticipate market conditions to continue to worsen. Big miscalculation on their part.
Why wouldn’t you plan for the worst?
I really don’t understand how on one hand all of these CEOs and investor types are geniuses and just built different but on the other hand they’re hiring people and firing people because they couldn’t predict the line on graph doesn’t always go up.
If I had to guess, it’s because of money. There was more incentive at the time to grow fast and try to maximize profit than to limit growth and potential profits in case of a market downturn. Tim slightly explains what happened.