cbsmith

30 ms·

601.
by cbsmith 3y ago
The bigger question is: "how would one identify said funds?". The economic game theory around hedge funds is not pretty. By the very nature of the markets, if one really could consistently beat the market, it would be extremely ra
602.
by cbsmith 3y ago
Yeah, it's hard to imagine how "aerospace materials" might be found on the person who was last seen on a plane .
603.
by cbsmith 3y ago
I like the implication that drug mules aren't effectively insurgents. ;-)
604.
by cbsmith 3y ago
Yes, Cinematicus genus. ;-)
605.
by cbsmith 3y ago
Ah, graboids.
606.
by cbsmith 3y ago
I also noticed that S3-FIFO was the one approach that didn't seem to improve when SIEVE was added in.
607.
by cbsmith 3y ago
Yeah... It's hard not to read "luck" as, "there's something I don't understand". Luck doesn't really happen with caching.
608.
by cbsmith 3y ago
I think it's 0.1% of house holds, but it's not strictly the top 0.4% who are impacted. The more you make, the more likely it is that you are impacted, but your household income can be just a couple hundred thousand a year and you
609.
by cbsmith 3y ago
Probably should put "works" in quotes...
610.
by cbsmith 3y ago
Because of course, its an arms race.
611.
by cbsmith 3y ago
Sales people you can pay on a commission basis, which separates the wheat from the chaff pretty quickly. There are companies like Sales Focus that specialize in it.
612.
by cbsmith 3y ago
Yes, I am confident that if I read/heard his arguments, it'd be even harder for me to argue with the idea that a diverse set of revenue streams provides more revenue stability.
613.
by cbsmith 3y ago
Another alternative is to hire someone to manage the overhead and/or work on finding & negotiating new projects.
614.
by cbsmith 3y ago
> In that sense, consulting does not scale. Again, I believe you are presuming an exponential scale. Yes, if you invest in a consulting business, the rate of return isn't likely to grow exponentially, but it will grow, and it's
615.
by cbsmith 3y ago
> I think it's trading working on what they like vs doing admin / sales / marketing. That's certainly one of many good reasons not to run your own consulting business. That said, it's entirely possible to hire&#x
616.
by cbsmith 3y ago
> essentially laundering the peon's opinions That's more than a bit unfair. They're generally taking in information from the entire workforce, including management, and they're analyzing the whole picture. Trivializin
617.
by cbsmith 3y ago
This isn't really all that different from the stated purposes of consulting businesses: they're often hired to be a disinterested third party with relevant expertise to make decisions/take actions that whomever hired them mig
618.
by cbsmith 3y ago
> I've seen this countless times both in both Tech and the NGO world - some roadmap is running pretty good, managers then hire a bunch of "cool looking people that come in with a big old white board to make a cool workshop&quot
619.
by cbsmith 3y ago
Meh. Big valley companies isn't the right criteria. There are "lifestyle businesses", and then there are other businesses. People do tend to make a conscious choice between the two.
620.
by cbsmith 3y ago
I read it and didn't think that, because the article mentions you can indeed incentivize employees to work longer hours by splitting the excess proceeds with them.
621.
by cbsmith 3y ago
IIRC, Errors & Omissions insurance is often called "professional liability insurance".
622.
by cbsmith 3y ago
I'm always confused by the different properties people imbue with the term "scale". Accenture is an example that consulting does scale by definition, because it's a profitable business that is operating at a much larger
623.
by cbsmith 3y ago
It's hard to argue with the idea that a diverse set of revenue streams provides more revenue stability.
624.
by cbsmith 3y ago
Palantir has three products: Palantir Gotham, Palantir Apollo, and Palantir Foundry. The professional services are more in support of those sales than anything else. They have achieved periods of hypergrowth that fit the scale of that space
625.
by cbsmith 3y ago
Efficiency in consulting takes many forms. Yes, there's getting the work done more efficiently, but there's also ensuring you've got a deep pipeline so you have fewer idle hours, billing meticulously for every single expense,
626.
by cbsmith 3y ago
> The client doesn't usually want more granularity, then they feel obliged to review it. It really doesn't make sense for them to review it anyway. As a general rule in the consulting business, if you don't pay for it with
627.
by cbsmith 3y ago
> The time you spend managing and supervising, including desk-checking the stuff they send out, because it goes out under your name and you are only as good as your last job. The article effectively references this when it starts talking
628.
by cbsmith 3y ago
It depends on the nature of the contract. Certainly that is the norm, partly because the IRS tends to like it that way; but I've seen contracts that explicitly paid for dedicated managers, included IT costs and office space, and even o
629.
by cbsmith 3y ago
I couldn't agree with you more. The reality is that owning a business is effectively monetizing your creditworthiness (not unlike being a landlord), which is a pretty easy way to make a living, assuming you start out with a decent supp
630.
by cbsmith 3y ago
That's pretty simple to manage though. If you're going with say... 2/10 net 60, you charge them at a 3% higher rate. Clients might perceive this as charging interest, which it is, and they'll be perfectly happy with it.

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