7 ms·

So someone thought it could get to 200k but not 460k? It was foreseeable. It's not a pandemic.

jiggawatts 5y ago
The current pandemic was predicted by many experts. Obama even set up a task force to prepare. That didn't stop idiots ignoring expert predictions. One orange idiot in particular disbanded the task force to save millions of dollars, and cost the US economy billions because of the slow response to a highly predictable disaster.
- ketamine__ 5y ago
  You can't predict when it will happen or how it will happen. Not quite the same as this problem Nasdaq is facing.
  - Tenoke 5y ago
    It's actually fairly comparable. In both cases, it's likely to happen at some point, you don't know when but by the time it gets close to being a problem you dont have that much time to make the necessary changes.
    - fighterpilot 5y ago
      The stock price of BRK has been grinding higher gradually for a year and was within reach months ago. That this could happen should've been on the radar for a long time and it's definitely a failure if this was a "surprise"
  - deleted 5y ago
    [deleted]
- deleted 5y ago
  [deleted]
derekp7 5y ago
Remember that a lot of action on the stock market is built on speed. If they change the storage format to be 64-bit instead of a 32-bit number that would be a non-backwards compatible data format change. So the data format specification would need a new version, all the software that interacts with it would also need to be updated, and a lot of algorithms will get a bit slower since they now have to deal with a 64-bit number or some other representation. There are probably some elegant ways to handle this, but again it would require that timing-sensitive software will need to do extra work to see if the value is in the extended format; or they would have to process twice as many bits if all data values are updated to the new format. Also in in the past most stocks will split for many other reasons when the per share price gets above an easily to handle number. What wasn't predicted is that a company wants to avoid a stock split for whatever reasons they have.
happytoexplain 5y ago
It's not that simple. Word size is a non-trivial factor.
- ketamine__ 5y ago
  Yeah, real difficult. Like AGI.

The current pandemic was predicted by many experts. Obama even set up a task force to prepare. That didn't stop idiots ignoring expert predictions. One orange idiot in particular disbanded the task force to save millions of dollars, and cost the US economy billions because of the slow response to a highly predictable disaster.

ketamine__ 5y ago
You can't predict when it will happen or how it will happen. Not quite the same as this problem Nasdaq is facing.
- Tenoke 5y ago
  It's actually fairly comparable. In both cases, it's likely to happen at some point, you don't know when but by the time it gets close to being a problem you dont have that much time to make the necessary changes.
  - fighterpilot 5y ago
    The stock price of BRK has been grinding higher gradually for a year and was within reach months ago. That this could happen should've been on the radar for a long time and it's definitely a failure if this was a "surprise"
- deleted 5y ago
  [deleted]
deleted 5y ago
[deleted]

derekp7 5y ago

Remember that a lot of action on the stock market is built on speed. If they change the storage format to be 64-bit instead of a 32-bit number that would be a non-backwards compatible data format change. So the data format specification would need a new version, all the software that interacts with it would also need to be updated, and a lot of algorithms will get a bit slower since they now have to deal with a 64-bit number or some other representation. There are probably some elegant ways to handle this, but again it would require that timing-sensitive software will need to do extra work to see if the value is in the extended format; or they would have to process twice as many bits if all data values are updated to the new format. Also in in the past most stocks will split for many other reasons when the per share price gets above an easily to handle number. What wasn't predicted is that a company wants to avoid a stock split for whatever reasons they have.

happytoexplain 5y ago

It's not that simple. Word size is a non-trivial factor.

ketamine__ 5y ago
Yeah, real difficult. Like AGI.