dcolkitt

73 ms·

751.
by dcolkitt 6y ago
As a Floridian, it's difficult for me to understand why we've done so bad at attracting any sort of tech industry. Five, ten years ago, you could simply say that it's Silicon Valley (or Seattle) or bust. But since then, Austi
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by dcolkitt 6y ago
The state has the resources to prosecute any crime. The state does not have the resources to prosecute every crime. Even the most totalitarian surveillance states have thriving black markets. Nearly anywhere in the Western world, one can
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by dcolkitt 6y ago
I'm building a house right now, and I sure am excited to learn that I cab replace all these expensive subcontractors with robots!
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by dcolkitt 6y ago
In most suburban areas, the land malls sit on are worth far more than the structure. There's also a desperate need for housing in most metros. Particularly high density single family homes near the center of town. It's cool to ima
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by dcolkitt 6y ago
> But the difference I think is that fewer people feel the need or expectation to aggregate wealth over their career. German savings rates are 50% higher than America. https://en.wikipedia.org/wiki/List_of_countries_
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by dcolkitt 6y ago
> In a welfare state I don't have that priority I just don't believe that's true. Many, many more Germans immigrate to Switzerland, the UK or even America than vice versa. That's primarily because professional salarie
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by dcolkitt 6y ago
Eyeballing which languages are outliers, it seems that python, Swift and C# really stand out as good languages. Though I wonder if it’s that more a function of their codebases being more beige than brown. Python tends to be used more for sm
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by dcolkitt 6y ago
Scala and Haskell are both "astronaut" languages. They really encourage highly complex abstractions. They're potentially very powerful, but it's easy to get lost in the clouds. Some people love it, because it potentially
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by dcolkitt 6y ago
Yeah, I should have been clearer. I'm not trying to litigate the US vs. Europe debate, which I think has been discussed many times. My question more was about within Europe, the relative attractiveness of software vs other profession
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by dcolkitt 6y ago
I don't want to rehash the many long debates about whether it's better to be a SWE in Europe or America. There are arguments both ways, and it's been pretty well discussed. My interest is largely orthogonal to that discussion
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by dcolkitt 6y ago
> 60k is more for senior developers. Junior get less. It's always shocking to me how low European SWE compensation is. Is it similar for other skilled professionals? What do accountants, lawyers, civil engineers, pilots, physical th
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by dcolkitt 6y ago
> You do not experiment on people without their consent. Applied strictly, wouldn’t every single A/B test done by a product team be considered unethical? From a common sense standpoint, it seems to me this is more about medical ex
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by dcolkitt 6y ago
You have to question if you are dealing with an unbiased subset of mechanical and electrical engineers. That kind of interdisciplinary collaboration usually occurs in some sort of cutting edge field. The typical mechanical engineer is calcu
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by dcolkitt 6y ago
HFT trader here. I’ve commented on this story in another context, but I’m virtually certain there’s an error with how Robinhood is calculating wash sale adjustments. First, it is true that you can’t deduct a capital loss if you buy the secu
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by dcolkitt 6y ago
This is not correct. Wash sale rules apply unless you make a mark-to-market election in the prior year.
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by dcolkitt 6y ago
My understanding is that rents in San Francisco are down 20%+. LA is not as large a drop, but still down. While the cost of home ownership may be up (most likely as you identify due to the wealth effect of equity grants), the actual cost to
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by dcolkitt 6y ago
Employee-status may come with certain benefits, but it also comes with many drawbacks and burdens for the employee. For me, and probably many on this board, the biggest risk is "works-for-hire". Under US law, contractors have stro
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by dcolkitt 6y ago
That's just the genetic heritability of intelligence and other personality factors. High IQ, high achieving people are disproportionately attracted to certain job markets. Those people tend to have high IQ kids. Those high IQ kids tend
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by dcolkitt 6y ago
Even 5 years ago I would. But the level of mayhem, filth, and danger on San Francisco public transit is out of control. The BART makes the Tube look like Tokyo Metro.
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by dcolkitt 6y ago
The flipside is that while you’re “taking” a house in Colorado, you’re also “freeing up” a house in California. You’re only looking at the displaced resident being priced out. But there are many people who desperately want to move to coasta
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by dcolkitt 6y ago
Shared family environment (which by definition includes where your parents choose to live) has near zero impact on long term adult outcomes. This has been confirmed again and again by countless twin studies.
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by dcolkitt 6y ago
I agree that kids in an urban environment can be very rewarding. I disagree that the urban environment found in the Bay Area is conducive to kids. Visiting the local park is great. Visiting the local park when the walk is littered with hu
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by dcolkitt 6y ago
Hasn’t exactly been “much to do” in San Francisco over the past year...
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by dcolkitt 6y ago
IMO the bigger divide is between West Coast and East Coast programming styles. I think California developers tend to be more forward-thinking, and embrace a “move fast and break things” style. Whereas East Coast devs tend to be more academi
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by dcolkitt 6y ago
Tokyo has the most deregulated property market of any major city in the world. Housing prices haven’t increased in 25 years.
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by dcolkitt 6y ago
We have pretty accurate algorithms for home appraisal that seem to work for most properties, except the very unusual.
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by dcolkitt 6y ago
I guess one issue is that most of the new tech hubs tend to be mid-sized cities that don't really have the capacity. Austin metro is 2.2 million. Denver is 2.9 million. Nashville is 1.9 million. In contrast the Bay Area has 10 million
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by dcolkitt 6y ago
Sharpe is typically calculated on log returns. Price going to zero would weigh as negative infinity in log return space. Therefore Sharpe would also prescribe zero bet on finite chance of ruin.
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by dcolkitt 6y ago
For continuous payoffs, Kelly sizing reduces to the square of Sharpe ratio.
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by dcolkitt 6y ago
The central problem with this model is that any metro that graduates to "tech hub" becomes unlivable in short order. The Bay Area is the original example. But then it happened to Seattle, Portland, and NoVa. Most recently it happe

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