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It is interesting to see the same pattern that we've watched play out in financial markets repeated in such a different area. High performance from unstated cha

by 314 8y ago

It is interesting to see the same pattern that we've watched play out in financial markets repeated in such a different area. High performance from unstated changes in risk. Now that it has been exposed we know who has been swimming naked and over the next couple of years we will learn just how naked they were. Luckily I only run software that I trust on boxes where security is an issue.

Y_Y 8y ago
Theo de Raadt definitely swims naked. It's impressive that he's a security boss and a mountain-man.
sebazzz 8y ago
> Luckily I only run software that I trust on boxes where security is an issue. Does that mean you don't visit websites with scripting enabled?
- blattimwind 8y ago
  A web browser never had a place on an integrity-critical system.
- 314 8y ago
  It does on boxes that matter. Is that really that unusual?
imglorp 8y ago
The curious thing I'm learning about investors reacting to revealed disasters (caused by poor risk management) is, they don't seem to care as long as the long term story is there . A couple of examples: * The INTC bugs came out around the beginning of the year, but if you zoom out you can barely tell. It was 34 a year ago and it's 52 today. * FB fell around 6pct for the CA privacy news, to 152, and then a little for the EU hearings, but it's back in spades to over 200 now. As long as you provide a plausible hole in the sand, it seems the market will gladly stick its head there and ignore whatever us nerds are FUDDing about.
- shittyadmin 8y ago
  To be fair, prior Intel issues were mitigated, and even if they couldn't be there might be limited reasons to think that prior issues will impact future sales without sufficient competition in the market. If it turns out that these older Intel chips can't be used for cloud computing anymore then it might just mean that cloud providers like Amazon take a hit but Intel makes a gain in selling them new chips. And Facebook privacy issues are frequently panic'd about briefly and then forgotten. Markets doing that pretty much mirrors the people who "delete facebook" every time there's a panic and then come back minutes later.
- daemin 8y ago
  An Intel chip having a flaw will actually help sell more Intel chips in the future as people upgrade their computers and equipment to the "fixed versions".
Nokinside 8y ago
They are different area but are they not the same strategy and manifestations of the common root cause. They are both variations of martingale strategy. Increase profits or market share in the short term by increasing the risk of massive losses in the long term. You can play the same game with financial risk and technical debt. People in Intel face pressure from shareholders to perform better relative to markets and from customers to beat the competition now. Financial industry has similar time horizons.

by 314 8y ago

Y_Y 8y ago

Theo de Raadt definitely swims naked. It's impressive that he's a security boss and a mountain-man.

sebazzz 8y ago

> Luckily I only run software that I trust on boxes where security is an issue. Does that mean you don't visit websites with scripting enabled?

blattimwind 8y ago
A web browser never had a place on an integrity-critical system.
314 8y ago
It does on boxes that matter. Is that really that unusual?

imglorp 8y ago

The curious thing I'm learning about investors reacting to revealed disasters (caused by poor risk management) is, they don't seem to care as long as the long term story is there . A couple of examples: * The INTC bugs came out around the beginning of the year, but if you zoom out you can barely tell. It was 34 a year ago and it's 52 today. * FB fell around 6pct for the CA privacy news, to 152, and then a little for the EU hearings, but it's back in spades to over 200 now. As long as you provide a plausible hole in the sand, it seems the market will gladly stick its head there and ignore whatever us nerds are FUDDing about.

shittyadmin 8y ago
To be fair, prior Intel issues were mitigated, and even if they couldn't be there might be limited reasons to think that prior issues will impact future sales without sufficient competition in the market. If it turns out that these older Intel chips can't be used for cloud computing anymore then it might just mean that cloud providers like Amazon take a hit but Intel makes a gain in selling them new chips. And Facebook privacy issues are frequently panic'd about briefly and then forgotten. Markets doing that pretty much mirrors the people who "delete facebook" every time there's a panic and then come back minutes later.
daemin 8y ago
An Intel chip having a flaw will actually help sell more Intel chips in the future as people upgrade their computers and equipment to the "fixed versions".

Nokinside 8y ago

They are different area but are they not the same strategy and manifestations of the common root cause. They are both variations of martingale strategy. Increase profits or market share in the short term by increasing the risk of massive losses in the long term. You can play the same game with financial risk and technical debt. People in Intel face pressure from shareholders to perform better relative to markets and from customers to beat the competition now. Financial industry has similar time horizons.