eldavido

9 ms·

31.
by eldavido 3y ago
I've noticed this with a lot of professions. Comp is back-loaded. They start much lower than software, but the good ones make it up in the end by being owners and having a crew of 10-20 work for them, and earning margin on their labor.
32.
by eldavido 3y ago
>But what this does is says that if the product you created is an asset, the salaries that go into creating that asset should be treated as if it were purchasing that asset. This is precisely what happens!!
33.
by eldavido 3y ago
As someone who's taken a couple semesters of college-level accounting, and filed my corporate taxes correctly many years without audit (but am not an accountant/CPA), this seems broadly correct. I'm actually surprised people
34.
by eldavido 3y ago
Real estate has this same problem but 10x as bad.
35.
by eldavido 3y ago
> If anything, that the basics of software development still requires R&D is an indictment of our fields lack of professionalism. This is a bit much. "Research" maybe, but not "development". Many things are develo
36.
by eldavido 3y ago
No, this is completely wrong. It's not "just an expense". Think about an architect designing a house. The tax treatment depends on how the person spending the money "uses" the labor. It might be an ordinary operatin
37.
by eldavido 3y ago
Came here to say this. The level of general ignorance of how accounting and tax works on this thread (not you, others) is astounding. Of course, if anyone had owned real estate, they'd understand things like depreciation, and the fact
38.
by eldavido 3y ago
I think there's something to this. Another perspective might be Apple vs Intel, where one of my friends worked (at both) in fairly senior roles 5+ years. The problem is that companies get really good at solving yesterday's problem
39.
by eldavido 3y ago
This is awesome. Thanks. Wish I could meet you. Incidentally, missed church today as I was too busy with other things. This isn't entirely common for us ;)
40.
by eldavido 3y ago
You and I seem to have a lot in common. Been employed, done entrepreneurship, don't mind long hours. I find it interesting how people navigate these tradeoffs. I'm 38, married with two kids (one 3, the other 6mos). It's BUSY.
41.
by eldavido 3y ago
Meredith Perry from uBeam comes to mind https://www.vanityfair.com/news/2016/05/another-red-hot-tech... I met this woman through friends of friends. Just kinda felt weird, and off.
42.
by eldavido 4y ago
First thought that entered my head as well. And it really is "the West" (not just US), since the original phrase is Latin.
43.
by eldavido 4y ago
We considered this, but it's another step. What I'm talking about is going to be hard and take a while, but feels like the "endgame" for how this is going to be done--automated, done with phones, no extra work.
44.
by eldavido 4y ago
Predictive/preventive maintenance is actually a big thrust behind my current company, Dials. HOAs, which we serve, are run by busy volunteers, yet expected to perform almost insane financial gymnastics, planning 30 years of major compo
45.
by eldavido 4y ago
> _That_ is why developers are cautious. Do you _seriously_ think that you are the only person in your team who understands "commercials" or "cost benefit analyses"? I realized this attitude is common to all tradespeo
46.
by eldavido 4y ago
Only 11.6% of US employees are unionized (straight from the US bureau of labor statistics), FYI.
47.
by eldavido 4y ago
Absolutely it is, and anyone in denial about that can look at European GDP growth, GDP per capita, youth unemployment, firm valuations, or about 20 other economic metrics to back it up. You can't start a company there because all this
48.
by eldavido 4y ago
The other thing it does (giving employees more power) is make it harder for companies to change course. Most people hate change and will fight it as hard as they can, seeing all layoffs as "bad" and "evil". Germany'
49.
by eldavido 4y ago
I'm not saying I can predict this stuff looking forward, that's borderline impossible. But it's more than just a feeling. Keynes was writing in the 1920s/1930s about "animal spirits" driving the business cycle.
50.
by eldavido 4y ago
The limit case is Spirit Airlines. Sure they're cheaper, but do you really want to feel like you're going to court getting on the plane, arguing over how many personal items you're allowed, their size, etc? There is in fact a
51.
by eldavido 4y ago
I'm 37 now and this idea of "collective psychology" really fascinates me. Mention age because I'm just old enough to start seeing these large-scale "shifts of mood" over my own life. In hindsight (US perspectiv
52.
by eldavido 4y ago
This is so unrealistic. Whenever I see people making the "get your stuff done", I think of sports teams. Owners don't tell players, "The goal is to win the super bowl. Go figure it out." They hire managers, exercise
53.
by eldavido 5y ago
Buttonwood, I believe the 27 Nov issue. It was about duration and how cash and short-term bonds are short-duration assets. Great article, btw. (I'm a couple months behind and working my way forward, I just read this a couple days ago)
54.
by eldavido 5y ago
I don't think bond prices really matter. They do on treasuries as these are routinely bought and sold. But consider that most banks, card companies, etc are more like retailers. They buy money at a certain price X (their funding costs)
55.
by eldavido 5y ago
I'm pro-development, but, to a point. I actually agree with most of this. It seems the height of hubris for lawmakers in Sacramento to insist that no, you 350 people in this town, you don't know how the town should be developed, w
56.
by eldavido 5y ago
I think that number was across the entire population, so includes children, etc. Probably came from either Piketty's Capital or something else (weekly reader of The Economist plus a lot of econ books) Still, 79k for adults, inclusive o
57.
by eldavido 5y ago
The median net worth in the United States is approximately zero (assets less student loans, mortgage debt, etc). The median 401k balance in the US is something like 100k. I'm probably right of many people here politically but will read
58.
by eldavido 5y ago
Keep in mind "7.5%" is the aggregate across the entire basket. This isn't how individual people perceive inflation. What actually happens is that a few things make big jumps (10-15%) and the prices of other things don't
59.
by eldavido 5y ago
What matters for inflation isn't just money, but the quantity of money and credit (thanks Ray Dalio for explaining this). The fed correctly predicted in early 2020 that there'd be a massive drop in lending (at least short-term), s
60.
by eldavido 5y ago
> a good reason to never let rates get this low in the first place My brother-in-law remarked that "the fed is overdue to raise rates". My reply: asset prices don't matter to ordinary people. You already know this, but the

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