7 ms·

It was definitely an interesting time. That said, the summer of '78 I was renting a room from an IBM engineer who had bought a Heathkit H-11 and was using it to

It was definitely an interesting time. That said, the summer of '78 I was renting a room from an IBM engineer who had bought a Heathkit H-11 and was using it to trade stocks. They would enter the prices from the Wall Street Journal every day of the stocks they were interested it, and then run their "algorithm" over them and it would spit out "weights" for buying or selling various stocks. They could then call their broker and have them execute a trade. As part of my 'rent' I could help out by entering numbers or verifying numbers for him. I discovered that his portfolio was worth more than $4M and I asked him why he was working at IBM if he was "rich". His answer was that he enjoyed working at IBM, you could just "spend" stock as you would lose out on future growth, and what would he do with his time if he wasn't working? The one conceit he admitted was that his house was paid for so he didn't have to pay a mortgage and that meant he had more disposable income every month. That was a pretty amazing for me at that age. The other random factoid was that for 10 years I was President of the "Home Brew Robotics Club" (which is still going on) and it was a direct outgrowth of the Home Brew Computer Club. It was started by Dick Prather as a "SIG" or Special Interest Group where HBCC members who were interested in using their computers with robots would meet and exchange ideas and such.

dfxm12 1y ago
what would he do with his time if he wasn't working? In a world so full of interesting, wonderful and curious things, I will never understand people who can't think of anything to do if they didn't have a job. Money is usually a limiting factor, but it sounds like it might not have been for this person.
- emmelaich 1y ago
  For many people, mucking around with computers is a hobby that happens to pay pretty well.
- glimshe 1y ago
  I agree with you in principle. At the same time, analysis paralysis and lack of focus can be problems. When you can do 1000 things, what will you pick? Also, are you going to persevere through bumps if you could switch to other 999 things?
- freeone3000 1y ago
  Than working at IBM in peak-mainframe era? I could not imagine a more exciting place to be at that time!
  - kragen 1y ago
    You could not imagine a more exciting place to be in 01978? How about Xerox PARC, Microsoft, Apple, the MIT AI Lab, Symbolics, LMI, SRI-NIC, Tymshare, Intel, Mostek, Zilog, Control Data Corporation, Cray, Commodore, HP, Texas Instruments, Tandem, DEC, Data General, Linear Technology, Signetics, or CompuServe? You could spend your time inventing things that changed the world for the better, instead of in pointless political maneuvering within IBM to ship products everybody hated. What are the nearest equivalents today?
- ChuckMcM 1y ago
  I will never understand people who can't think of anything to do if they didn't have a job. Let me ask you a question and perhaps it will help? What if there was something wonderful and curious that you could explore and someone else would actually pay you money while you were exploring that thing? I've met a number of folks in research who "work" at a University doing their research and even though the pay sucks love what they are doing. You could pay them nothing and they would still love doing it. They might be forced to do something else if they didn't have enough money to live on, but even if they had millions and millions they wouldn't be doing anything differently. Keith, the guy I was renting the room from, was in the latter position. He didn't "have" to work, and didn't "have" to work at IBM to work on computers, but in doing so he got to satisfy his curiosity and got to work on much better equipment than if he were funding it himself. Is that something understandable? FWIW, in the Bay Area we call this "failing" at retirement :-) Failing is in quotes because if you choose to go back to work is it really a failure? Had a great conversation with Guido von Rossum when he decided to 'un-retire' and go "work" for Microsoft. There are a lot of things to like about the office, a community, a continual stream of interesting problems to solve, Etc. And knowing that if you didn't like it you can just stop really helps in dealing with people who would attempt to assert power over you.
  - saulpw 1y ago
    > What if there was something wonderful and curious that you could explore and someone else would actually pay you money while you were exploring that thing? The days of patronage are basically over; no one pays you real money to explore anymore. Corporations only pay you money to exert your brain towards some goal. There may be an exploration phase but well over half the work will be the grind of bugfixing and maintenance (or equivalent in other fields) that is the actual reason for your employment.
    - ChuckMcM 1y ago
      Could you say more about that? I don't think of it as patronage and I agree with this statement: "Corporations only pay you money to exert your brain towards some goal." but in my experience you can go to a corporation and say "I'm really interested in working on <this thing>, are you interested in that sort of stuff?" And if they are they'll start paying you money to explore that thing with them. I did exactly this the first time I "retired", I'm really fascinated by software defined radio and I was exploring how it works and what one could do with it and a friend said, "I'm working at a company that needs help understanding how to do repeatable software and they are doing a lot of SDR work." Which led to a conversation with the CEO that led to a job offer where I helped their software teams get better and I got to use the multi-million dollar RF lab to continue my explorations. Granted my role was "technical leader" and not "programmer" but how I spent my time was a joint agreement between the company leadership and my interests. I wouldn't expect a company doing accounting software to pay me to design SDRs of course. And if you passion is something completely different then that can be the case too. A executive I met at IBM retired and has gone head first into their actual passion which is art history. They didn't major in it at school or try to get a job in it because those jobs didn't pay them what they wanted but now that they are retired they are spending their time in libraries and museums all over the place digging into the nuances of various bits of art. Are they "working"? Yes in the sense that they are doing the same thing they would have done if someone had hired an art history major apparently :-).
- protocolture 1y ago
  Lmao, if I had 4 million bucks I would probably be maintaining some old 70s era mainframe trying to get it to do dumb shit like messing with stocks. This guy got to do it AND got paid.
- Someone 1y ago
  > Money is usually a limiting factor, but it sounds like it might not have been for this person. Might not have, but still could have been. Chances are that, in 1978 at IBM, he had the opportunity to work with hardware that he couldn’t afford to buy. Similarly, today, a millionaire might choose to stay in a job at SpaceX because it’s the only way they can afford to work with truly big rockets.
- Gollapalli 1y ago
  He was a guy interested in computers working at IBM at a time when computers were just getting going. It'd be a bit like working at Google and being really interested in the internet at a time when it wasn't essentially an alternative to consulting for upper-middle class college grads.
WorkerBee28474 1y ago
According to [0], 4 million in August 1978 is 19.5 million today. [0] https://www.bls.gov/data/inflation_calculator.htm https://www.bls.gov/data/inflation_calculator.htm
- ChuckMcM 1y ago
  Sounds about right. I certainly thought it was "infinite" money at the time.

dfxm12 1y ago

what would he do with his time if he wasn't working? In a world so full of interesting, wonderful and curious things, I will never understand people who can't think of anything to do if they didn't have a job. Money is usually a limiting factor, but it sounds like it might not have been for this person.

emmelaich 1y ago
For many people, mucking around with computers is a hobby that happens to pay pretty well.
glimshe 1y ago
I agree with you in principle. At the same time, analysis paralysis and lack of focus can be problems. When you can do 1000 things, what will you pick? Also, are you going to persevere through bumps if you could switch to other 999 things?
freeone3000 1y ago
Than working at IBM in peak-mainframe era? I could not imagine a more exciting place to be at that time!
- kragen 1y ago
  You could not imagine a more exciting place to be in 01978? How about Xerox PARC, Microsoft, Apple, the MIT AI Lab, Symbolics, LMI, SRI-NIC, Tymshare, Intel, Mostek, Zilog, Control Data Corporation, Cray, Commodore, HP, Texas Instruments, Tandem, DEC, Data General, Linear Technology, Signetics, or CompuServe? You could spend your time inventing things that changed the world for the better, instead of in pointless political maneuvering within IBM to ship products everybody hated. What are the nearest equivalents today?
ChuckMcM 1y ago
I will never understand people who can't think of anything to do if they didn't have a job. Let me ask you a question and perhaps it will help? What if there was something wonderful and curious that you could explore and someone else would actually pay you money while you were exploring that thing? I've met a number of folks in research who "work" at a University doing their research and even though the pay sucks love what they are doing. You could pay them nothing and they would still love doing it. They might be forced to do something else if they didn't have enough money to live on, but even if they had millions and millions they wouldn't be doing anything differently. Keith, the guy I was renting the room from, was in the latter position. He didn't "have" to work, and didn't "have" to work at IBM to work on computers, but in doing so he got to satisfy his curiosity and got to work on much better equipment than if he were funding it himself. Is that something understandable? FWIW, in the Bay Area we call this "failing" at retirement :-) Failing is in quotes because if you choose to go back to work is it really a failure? Had a great conversation with Guido von Rossum when he decided to 'un-retire' and go "work" for Microsoft. There are a lot of things to like about the office, a community, a continual stream of interesting problems to solve, Etc. And knowing that if you didn't like it you can just stop really helps in dealing with people who would attempt to assert power over you.
- saulpw 1y ago
  > What if there was something wonderful and curious that you could explore and someone else would actually pay you money while you were exploring that thing? The days of patronage are basically over; no one pays you real money to explore anymore. Corporations only pay you money to exert your brain towards some goal. There may be an exploration phase but well over half the work will be the grind of bugfixing and maintenance (or equivalent in other fields) that is the actual reason for your employment.
  - ChuckMcM 1y ago
    Could you say more about that? I don't think of it as patronage and I agree with this statement: "Corporations only pay you money to exert your brain towards some goal." but in my experience you can go to a corporation and say "I'm really interested in working on <this thing>, are you interested in that sort of stuff?" And if they are they'll start paying you money to explore that thing with them. I did exactly this the first time I "retired", I'm really fascinated by software defined radio and I was exploring how it works and what one could do with it and a friend said, "I'm working at a company that needs help understanding how to do repeatable software and they are doing a lot of SDR work." Which led to a conversation with the CEO that led to a job offer where I helped their software teams get better and I got to use the multi-million dollar RF lab to continue my explorations. Granted my role was "technical leader" and not "programmer" but how I spent my time was a joint agreement between the company leadership and my interests. I wouldn't expect a company doing accounting software to pay me to design SDRs of course. And if you passion is something completely different then that can be the case too. A executive I met at IBM retired and has gone head first into their actual passion which is art history. They didn't major in it at school or try to get a job in it because those jobs didn't pay them what they wanted but now that they are retired they are spending their time in libraries and museums all over the place digging into the nuances of various bits of art. Are they "working"? Yes in the sense that they are doing the same thing they would have done if someone had hired an art history major apparently :-).
protocolture 1y ago
Lmao, if I had 4 million bucks I would probably be maintaining some old 70s era mainframe trying to get it to do dumb shit like messing with stocks. This guy got to do it AND got paid.
Someone 1y ago
> Money is usually a limiting factor, but it sounds like it might not have been for this person. Might not have, but still could have been. Chances are that, in 1978 at IBM, he had the opportunity to work with hardware that he couldn’t afford to buy. Similarly, today, a millionaire might choose to stay in a job at SpaceX because it’s the only way they can afford to work with truly big rockets.
Gollapalli 1y ago
He was a guy interested in computers working at IBM at a time when computers were just getting going. It'd be a bit like working at Google and being really interested in the internet at a time when it wasn't essentially an alternative to consulting for upper-middle class college grads.

WorkerBee28474 1y ago

According to [0], 4 million in August 1978 is 19.5 million today. [0] https://www.bls.gov/data/inflation_calculator.htm https://www.bls.gov/data/inflation_calculator.htm

ChuckMcM 1y ago
Sounds about right. I certainly thought it was "infinite" money at the time.