GCA10

19 ms·

121.
by GCA10 6y ago
So true! Around 1980, chemical and petroleum engineers made the best CEOs, because oil prices were high and energy companies had the highest stock-market valuations. Around 1990 Japanese finance majors made the best CEOs, because the Japane
122.
by GCA10 6y ago
Nice work! I'm about 1850 in Lichess blitz, and it played at the level of an earnest 12 year old, which is actually meant as a compliment. It got crazy with its kingside pawns in the opening (no book knowledge), lost material pretty st
123.
by GCA10 6y ago
Fast-growing young companies with big ambitions often overspend heavily on everything (marketing, r&d, operations) relative to their current size. Their bet is that as they grow, they will gain unique dominance in their field, plus deep
124.
by GCA10 6y ago
Thanks, Kalium, but the fault is all mine! I read your original comment too narrowly. It's my apology that is needed, and I hereby submit it. Thanks for the very helpful clarification. Your argument for provisional disclosure is compel
125.
by GCA10 6y ago
Depends how intricate your taxes are. Perhaps 30 million people file Schedule C, which covers freelance income, gig income, etc. The IRS will (mostly) know your gross income, but it won't know the exact details about claimable deductio
126.
by GCA10 6y ago
Actually, I'll argue that college educations can pay off in a third way. It's not just brand-name prestige and useful skills. There's a lot to be said for the way that four years of residential education imbues grads with a v
127.
by GCA10 6y ago
I'm not sure we can really say "smart consumers aware of the risk." Isn't it more like "Opportunistic customers who hoped the risks were immaterial beat a path . . . " Out of morbid curiosity, during a long dri
128.
by GCA10 6y ago
Agreed that a lot of people do things that are appealing now and not so wise later. But I think we'll get farther if we talk about this as a "short horizon" problem, rather than assailing their mental capacity. It's all
129.
by GCA10 6y ago
Dash cam footage! Why has dash-cam footage become a thing on YouTube? Why aren't people demanding that it be shut down? Even security cameras are now part of performance culture
130.
by GCA10 6y ago
In today's society, the desire to be noticed is easily 50x the level of anxiety about being in a surveillance state. We could start with the nonstop, look-at-me nature of Instagram (or any other social site). They satisfy a deep cravin
131.
by GCA10 6y ago
I'd much rather see these sorts of posts as flow charts, with lots of If/Then functions along the way. For example: - Are you entering a regulated market with unbendable safety standards? If yes, take time to get it right. If not,
132.
by GCA10 6y ago
I'd expect the bar to remain in exactly the same place. AWS has continued to host the National Enquirer, even after that publication dug deep into Jeff Bezos's personal life. Said coverage perhaps accelerated Bezos's divorce,
133.
by GCA10 6y ago
Freedom of speech isn't the same as freedom of distribution. There are lots of edgy things that you can say somewhere. You just can't say them everywhere. We can have lots of lively debate about how to draw the boundaries. But we&
134.
Baseball stats' new look, by adding Negro League results(mlb.com)
2 points by GCA10 6y ago|0 comments
135.
by GCA10 6y ago
I'm looking at the first 100,000 digits of pi. Lo and behold, 00000 shows up once. So does 11111. What are the odds of each of those happening? It's 1:100,000! Absolutely astonishing. As an aside, the inevitability of weird flukes
136.
by GCA10 6y ago
Nobody gets enduringly rich being a roulette player. But it's surprising how lucrative it can be to set yourself up as a Roulette Coach.
137.
by GCA10 6y ago
Excellent question, and I'll offer you a frustrating answer that splits the difference. Because McKinsey works in so many areas, it has a huge portfolio of outcomes. There's not a lot of public visibility into what each exact outc
138.
by GCA10 6y ago
Couldn't resist the temptation. I grabbed the opening paragraph of Hemingway's own short story "A Clean, Well-Lighted Place" -- and put it to the test. Danger alert! Danger alert! The master himself opens with a 110-word
139.
by GCA10 6y ago
Step 0 is admirable. I've come across business cultures where people got ahead (really!) by "outrunning their mistakes." Lots of rapid promotions and job transfers, leaving messes behind them -- and then blaming problems on t
140.
by GCA10 6y ago
The analysis here is so spot-on that I'd argue it sometimes applies even to Wikipedia as well. (OP offers up Wikipedia as a service that can "reorganize to reflect its understanding" of what's changed as new features kee
141.
by GCA10 6y ago
I like Graham's points about overconfidence, peer groups and (judicious amounts of) ignorance, all of which he champions quite strongly. But drilling deeper on "rate of change" is an undervalued element that deserves a closer
142.
by GCA10 6y ago
I'll nominate GoPro as case where bootstrapping's quirky virtues helped make everything click. Doug Woodman's basic idea dates back to 2002 or maybe earlier. His early iterations of ultra-mobile cameras were slightly successf
143.
by GCA10 6y ago
Presumably DOTB and DBNT should be pitched to investors -- and funded -- in very different ways. Doing old things better is very amenable to metrics, lifetime value of customer, market-adoption forecasts, cost of customer acquisition, etc.
144.
by GCA10 6y ago
This is petty, but should I believe the Wikipedia article when it says "the barriers are controlled by a supercomputer"? Unless this is a 1980s-vintage supercomputer, I'm baffled. The barriers' main function is to open o
145.
by GCA10 6y ago
There's a model in the way Randall Munro turned a bunch of XKCD comics into the best-selling books "What If" and "How To." It's a little more complicated than gluing together all of your posts, but with the rig
146.
Top Startups build diverse technical teams(linkedin.com)
1 points by GCA10 6y ago|0 comments
147.
by GCA10 6y ago
We should start a thread with other lessons from supposedly dead-end jobs. I'll offer the following from a couple teenage summers as a hardware-store clerk at minimum wage: - Start out friendly when you're interacting with someone
148.
Snowflake and the impact of older founders (2019)(linkedin.com)
3 points by GCA10 6y ago|0 comments
149.
by GCA10 6y ago
This is a useful distinction, but it this misses what's actually hard about "hard work." The risk of failure is only 20% of the issue. What's central is the fact that do hard work well, you need to temporarily tear apart
150.
by GCA10 6y ago
Actually, the information asymmetries in public vs. private can be huge -- and I don't mind a little SEC paternalism at all. I had an OMG experience trying to look up a very interesting non-public software company on SharePost a week a

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