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Non-Tech : Kirk's Market Thoughts
COHR 145.98-8.4%9:38 AM EST

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kimberley
To: robert b furman who wrote (9906)6/5/2020 10:15:06 AM
From: Kirk ©1 Recommendation  Read Replies (1) of 26437
 
Hi Bob

I believe the kids mean well but they lack the real life experience and "privilege" you and I had to move in our own lifetime from pretty near the bottom to the top of places to live due to our hard work. They haven't seen how to do this you had to become "part of the solution" and offer jobs, mentoring and extra incentive to first attract then advance people less qualified than others who "looked like us" for what was called then AA or Affirmative Action.

In my twenty yrs in tech, the first ten I was on the college intern recruiting team at UC Berkeley, we managed to go from mostly white male to well to over represented as a percentage of the population in both Indian and Chinese/Vietnamese Asians. I was on the front lines to try and hire people like former president Obama as FRESHMEN so we'd get first shot at keeping them for full time after three years of mentoring, but there just were not enough candidates with both the skills and desire to do engineering. During my 2nd 10 years at the job, I was not part of recruiting but the effort to attract minorities went to the high schools to get at risk, but talented youth to join our "East Side Academy." We hired mostly Vietnamese and LatinX females as soon as they were old enough to legally work at 16 yrs old to be assistants to our top administrative assistants who pretty much kept things running. This too was successful as I'm still FB friends with one gal who went on to college, got a job in and S&P 500 company in her "fashion industry," found a great husband with a tech job and they have two great kids. When I left, they had hired and identified 100 females inside the company for special mentoring and advancement ahead of more qualified white males... I actually helped with some of the mentoring in return for a promotion and more independence. I never talked about it because I believe this "special treatment" put a very negative tag around anyone who got it... but the company sure tried until it backfired with that "awful Fiorina woman" who presided over the start of the breakup of the once great company... but I watched where many who were qualified went and I've made good money in those stocks!

Anyway, my guess is government is too corrupt to say what needs to be done so it will be industry going to the grammar schools to identify AA kids who want to work hard and have basic skills and they'll be mentored up and along. One gal I dated briefly (and remain friends with) while she was getting a PhD at Stanford was mentoring AA kids in East Palo Alto so some have tried.

Anyway, I'm back to the horrible problem of having TOO MUCH in stock now with my portfolio up some 3% YTD due to all the buying when stocks were cheap.... too much time ringing the profit taking register to get other things done so back on my head and hopefully I can windsurf this afternoon.

Enjoy your weekend!
Kirk
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