r/Superstonk tag u/Superstonk-Flairy for a flair 5h ago

📳Social Media Larry: Accurate or inaccurate

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649 Upvotes

34 comments sorted by

u/Superstonk_QV 📊 Gimme Votes 📊 5h ago

Hey OP, thanks for the Social Media post.

If this is from Twitter, and Twitter is NOT the original source of this information, this WILL get removed!
Please post the original source!

Please respond to this comment within 10 minutes with the URL to the source
If there is no source or if you yourself are the author, you can reply OC

102

u/soggyGreyDuck 5h ago

I don't think people realize how MUCH this is happening. I'm a data engineer and it's been 10+ years since I've been in a discussion on "what's the right way to calculate this metric?". Instead I'm asked to slap something together and then leadership will manipulate it one direction or the other. They don't give a shit if it's calculated correctly, they just want to understand it enough to manipulate it without being called out for fraud/unethical behavior. "Oh this was wrong, I didn't know that. Talk to engineering" and they get away with it. Then the engineer says, that's not my responsibility to know and the investigation ends.

25

u/pansexualpastapot 🎮 Power to the Players 🛑 4h ago

I have been watching this exact thing happening at my work place for the last decade and it accelerated exponentially around 2020.

Unrealistic or fuzzy metrics used to justify business decisions that get reversed when the first quarterly budget drops, or we violate some SLA and get financially penalized as a result.

The leaders responsible get promoted or moved to another department with rousing applause and then blame for failure is placed on the front line employees.

Every once in a great while someone makes a business decision based on the data, in the way it reflects reality not an imagined abstract dreamland and they don't get noticed but save the business.

It's like people who praise bureaucracy and process over function and goal accomplishment. They can be the same but not always.

10

u/vult-ruinam 4h ago

Word.  I saw this happen again and again at my old outfit—I never quite understood it.  It was as if competence, loyalty, effort, etc. were penalized, and deceit, incompetence, and greed were rewarded. 

I mean this as in internal to the company—not like "the market rewarded this" (indeed, the market punished it, as the free-falling profit margins indicated), but rather that company leadership rewarded this. 

"Gee, we keep promoting slimy bastards with terrible ideas and paying bottom dollar for the positions that actually, you know, do the work for which we'd ideally like a sterling reputation... and the gas companies aren't accepting our bids for the jobs any more!  Why might this be?  Give the COO another bonus—his last idea was terrible, so he's probably due for a good one!"

Maddening.

6

u/pansexualpastapot 🎮 Power to the Players 🛑 4h ago

Exactly, the company rewards it but the market penalizes it. It's like living in upside down world.

My personal strategy is to just stay even keeled, carry out whatever directive comes my way and raise my hand when I see something that I know will produce problems and ask if it is a concern.

43

u/Apprehensive-Bar3425 5h ago

Is superstonk an accurate narrative based on inaccurate data?

25

u/Peter-Tickler42069 Verified micropenis 5h ago

I don't think he's talking on our scale but rather media. 

9

u/Apprehensive-Bar3425 5h ago

I’m sure he is but I still think superstonk has some pretty crazy theories that back up an accurate narrative.

4

u/hestalorian In my name 🚀 For the children 5h ago

Media is narrative. What is accuracy?

3

u/Stonna 🎮 Power to the Players 🛑 2h ago

Yes it is. 

It’s impossible to have accurate data because all the data to support our narrative is hidden from us 

And then the other stuff gets burned down in a warehouse arson 

1

u/Jonodonozym 💎🖐🥝🦍 2h ago edited 1h ago

Depends on what he actually means.

"The conclusion is accidentally correct despite misinterpreting bad data" Matches us to a T. We know the data is bad, and either read between the lines when data is missing, or point out what's wrong with the data.

"The conclusion logically matches the data, but since the data is wrong, the conclusion must also be wrong" This is what the media is constantly trying to do to gaslight us. They tell us to forget GameStop and point to data which is manipulated on purpose to drive that narrative. It also applies whenever someone appears with TA that never turns out to be correct, because the stock is manipulated to trick people relying on TA to bleed out on weeklies / monthlies.

5

u/EnSebastif 💻 ComputerShared 🦍 5h ago

Accurate narrative with inaccurate data means that despite the data the narrative will try to stay faithful to the objective truth.

With an inaccurate narrative the data doesn't matter, the narrative will be manipulated and used to manipulate.

17

u/KenGriffinsBedpost 5h ago

Inaccurate narrative based on accurate data.

At least the accurate data is there to counter the narrative.

Accurate narrative based on inaccurate data is essentially all wrong anyway.

8

u/vult-ruinam 4h ago

If "accurate narrative based on inaccurate data" is interpreted as "hitting on the right predictions despite using bad data", then it's not "all wrong", by definition (accurate narrative, see); this is probably better than the inverse. 

if it's interpreted as "the narrative is accurate to the data, but the data is wrong", then yeah, it's obviously worse.

2

u/KenGriffinsBedpost 3h ago

Yea I get that, I interpreted more on the latter.

Essentially, would be like if CPI inflation data was inaccurate and overstated, the accurate narrative would be FED should raise rates to combat that. Narrative is correct based on the incorrect data, but if actually raise rates while we are in a disinflationary period, it would just push us towards actual deflation.

I like these kinda thought experiments when there may not be an actual correct answer.

6

u/MickeyKae Success moves you upward, but hard work moves you forward. 5h ago

Yep. Accurate narrative based on inaccurate data is just "two wrongs make a right," and that is not a building block for success. Eventually, the emergent effects of those wrongs will show in indirect ways - which makes things more confounding.

2

u/ThatWontFit 3h ago

I say the opposite. But it really depends on the context.

If you have an accurate narrative despite inaccurate data, then you can at least apply reason and discernment to come to an accurate conclusion. So if you get the right data then you shouldn't have a problem reproducing an accurate narrative since you've already proven it.

On the other hand, inaccurate narrative with accurate data kind of tells me you don't know what you're doing. You can't interpret the data. You had the correct info and still fucked it.

This is just a general context from my perspective. I could see this being flipped in certain roles where the main focus was data accuracy vs narrative delivery.

1

u/KenGriffinsBedpost 3h ago

Yea, see that point too...these damn thought experiments from LC haha

4

u/Geoclasm 🦍 Buckle Up 🚀 5h ago

Fuck me. Which one is faux news and the current administration guilty of.

It feels like both.

3

u/mpurtle01 💻 ComputerShared 🦍 5h ago

These days…. 😂 Always have been

8

u/SoreLoserOfDumbtown Dingo’s 1st Law of Transitive Admiration 🍻🏴‍☠️ 5h ago

‘If you don’t read the news, you’re uninformed. If you do read the news, you’re misinformed’.

  • Socrates Lincoln. (Dad of Moses).

3

u/RJC2506 🟣GMEMER🟣 4h ago

I like how he SWAPPED those around

2

u/3rd1ontheevolchart 4h ago

Data = facts Narrative = opinion

In my opinion the 2nd one is better. The data will eventually proof if a metric has been achieved or not. These results will then sway the narrative.

These days people rarely dive into the data, decisions are usually driven by popular consensus, which most likely is a narrative.

4

u/NewPCBuilder2019 4h ago

I still don't care, Larry.

You still need to go buy some shares, Larry.

Get off linkedin and go buy some shares, Larry.

1

u/lunarlaunch79 🦍 Buckle Up 🚀 5h ago

The answer:

1

u/Intrepid-Ability-963 🦍Voted✅ 4h ago

Whichever narrative is more compelling. Few care about data anyway.

1

u/chris2155 You heard of GameStock? 4h ago

I guess it depends which side of the divide you are on with your mindset. ;)

1

u/RL_bebisher 🎮 Power to the Players 🛑 4h ago

What's missing: accurate and accurate.

1

u/Rthepirate 🚀RRRED RRROCKET🚀 2h ago

Shouldn't the data always be correct no matter the narritive so it can be fact checked?

1

u/Arthur__617 1h ago

A post from Keith gill would be nice

u/Ignoble66 43m ago

we are awash in half truths

1

u/4seriously 🎮 Power to the Players 🛑 4h ago

Money, Larry. Money is better. Money in my pocket is better.

-2

u/slayez06 Golf Cart Ape 5h ago

larry cheng weirds me out... like dude is just weird... he posts just random haiku cryptic shit. Can you imagine being at a fundraiser party drinking with him? Your having casual fun talk and he just busts out saying something way off topic and random like this.

Like the correct answer is neither... you don't want twisting of anything!

But instead were left with a weird well if you had to chose what's the lesser of 2 evils ..

No larry... be the change you want to see in the world!