[cannaceo]

As a CEO I speak to other CEOs on a regular basis about what we're seeing. That means I'm clued in to my customers' trends, vendors' trends, and competitors' trends. I see stuff happening in my industry from a more holistic perspective than my employees. I can tell the difference between a revenue decline from a lack of competitiveness versus industry decline. You might not see us working but we talk. A lot.

[henryfjordan]

"The reason CEOs are smarter than everyone else is because they talk to other CEOs".

Seems a bit circular to me.

[cannaceo]

It sounds like you're operating under the assumption that nothing is predictable in the economy and that we're all looking in to a crystal ball. In reality we're looking at our financials and sales trends and then comparing that data up and down the supply chain.

We're not smarter than everyone else. No, we're just more clued in to what's happening with our capital markets, vendors, competitors, and customers.

[MisterSandman]

Bull fucking shit. If CEOs can talk their way into predicting the economy, why the fuck are most companies firing large swaths of their workforce? Couldnt predict a tech recession after a global pandemic?

[krageon]

The average CEO can't even figure out why they can't seem to hire new people, but somehow they are very well clued in to market fluctuation? I think it is more reasonable to assume equal competence.