TuringNYC

239 ms·

2641.
by TuringNYC 11y ago
You can very easily buy options and futures oil and hedge away the risk for quite a while. Serious investors do this.
2642.
by TuringNYC 11y ago
There is a selection bias here as others have noted, the exam is likely biased in favor of younger, unmarried workers, especially those without children who have 2-8+ hours to spend on top of their other commitments. I applaud their decisio
2643.
by TuringNYC 11y ago
@nbashaw expanding on my earlier comment, there is also a moral hazard issue. The non-technical co-founder who has put in no initial investment is incentivized in the short term to squeeze out as much value as they can, since they have no
2644.
by TuringNYC 11y ago
@nbashaw I agree with your conclusion, but I wish you explained better why "it hardly ever works out." The reason of course is that being a technical co-founder is a raw deal unless non-technical co-founders are putting in their
2645.
by TuringNYC 11y ago
@maebert -- Just tried the app and I love it in every way! I finally wrote a letter that i've been meaning to write for over 2.5yrs!
2646.
by TuringNYC 11y ago
Some of these entry level "compensation" figures include illiquid stock. Ask HR what the outstanding number of shares are and you get a blank face. Other stock classes? Silence. Liquidity preferences? Secret. The real worth
2647.
by TuringNYC 11y ago
I was surprised to see that as well. Forget about highest-paid -- just the stability of a government job allows one to afford homes. I might make more as a developer, but i have no idea when i'll be laid-off and how long i might be o
2648.
by TuringNYC 11y ago
Yes, except in places like SF. That sort of income wont afford you more than a 1br (assuming you want to buy.)
2649.
by TuringNYC 11y ago
Have you ever been under the control of a central corporate infrastructure group? I've had good and experienced the worst as well. I'll gladly take my chances with AWS instead of dealing with internal groups.
2650.
by TuringNYC 11y ago
You will always hear stories like this. And they are true, but what you dont hear about are all the people who were not lucky enough to time the market and how much they lost.
2651.
by TuringNYC 11y ago
It is shocking how they got away without criminal charges on the whole robosigning scandal. It makes a mockery of our legal system when due process is so recklessly mangled.
2652.
by TuringNYC 11y ago
In many cases, Wall Street was selling toxic investments to pension funds and other investors knowing full well the investments were worthless and mis-marketed. So yes, if Tesla sold a car full of explosives that was about to explode as soo
2653.
by TuringNYC 11y ago
From what i've seen, i'd agree with the parent. Specialists come in, often with MBAs, create their own empires. Generalists who helped build the company/process get layered with greater amounts of meaningless work, often ma
2654.
by TuringNYC 11y ago
Not quite -- those investing are valuing your company at that in light of [probably] having an entire basket of companies, so they have the benefit of averages. As an employee, you have one shot at this, so the risk is far higher due to la
2655.
by TuringNYC 11y ago
Be careful with the assumption that you can just "cash out" -- firstly some companies simply will not let you...you are stuck with the equity for 10+ years until an IPO. If you are allowed to sell, selling in the private market i
2656.
by TuringNYC 11y ago
The non-Alphabet AI company I am most excited about is MetaMind: https://www.metamind.io/
2657.
by TuringNYC 11y ago
I would be surprised as well, but then i moved to the middle east. Want to buy a closet rod...fly to Dubai to get it, or pay $30 to have a $4 item shipped internationally. Want to buy a particular brand of children's clothing, pay a
2658.
by TuringNYC 11y ago
I became a quant finance guy on Wall St. I was a developer and eventually software engineer / architect for 6 years. It was nice, but did not pay enough to support a family with kids + home. Sure, I could buy a home in TX or FL or so
2659.
by TuringNYC 11y ago
Not quite -- even if you match the market or slightly under-perform the market, it might still make sense if you achieve these results with lesser volatility and more consistent earnings. I do not necessarily want to beat a market which re
2660.
by TuringNYC 11y ago
Someone with significant funding could try -- but they will end up having 10 meetings with employees, contractors, accountants, auditors, and before you know it, you have eaten up all the profit the trade might have produced. Think of that
2661.
by TuringNYC 11y ago
You can trade volatility of volatility (e.g. VIX options), or even volatility-of-volatility-of-volatility -- except the greater the degree of derivative, the fewer options you have to trade using publicly-listed securities. Also, even if t
2662.
by TuringNYC 11y ago
Not quite. There is a cost to building the system. The surrounding code could be massive. Also throw in accounting, reporting, regulatory requirements, etc and you are down quite a bit of overhead costs. Without the profit sharing, even
2663.
by TuringNYC 11y ago
I'm working on GMT+3, and our work-day starts at 7am. Sort of sucks to have my core work hours be the typical SFO downtime slot...
2664.
by TuringNYC 11y ago
Also note that "worth" is not really at issue here. Salaries are set by supply and demand for a specific skill-set. If the salary is not "worth" it, then the project cost-benefit-analysis was wrong.
2665.
by TuringNYC 11y ago
Sure, totally agreed. But then dont call it "shortage", call it a "shortage at sub-market rates." Think of this analogy, suppose you are looking to fill your car up with gasoline at $1/gallon. You cant find any.
2666.
by TuringNYC 11y ago
The article lost me on paragraph 1: "...There is a much higher need for developers than can be satisfied by new developers coming into the field. This is a problem that has existed for years, and it is getting worse as time goes on...