hnews_account_1

11 ms·

91.
by hnews_account_1 4y ago
Mortgages are not simple mathematical operations. Don’t betray your ignorance of modern finance. What the other guy gave you was a simple calculation of a mortgage rate. Actual financial modeling (which is done day in and day out and uses m
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by hnews_account_1 4y ago
Now implement this for an annualizing a forward rate on 5y5y forward. It’s a simple enough calculation. ((1+10Yrate)^10/(1+5Yrate)^5)^(1/5)
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by hnews_account_1 4y ago
All my data devs please stand up! I sometimes sacrifice readability just because I hate creating variables. But then if it affects debugging times, my boss would be furious. As such, I use a full debugger anyway so I can trace quickly.
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by hnews_account_1 4y ago
Your arguments all over this thread are not “simple accounting applications”. Mortgages are ridiculously complicated. Even if they aren’t, the simplest of prepayment models requires exponents and fractions all of which will fail spectacular
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by hnews_account_1 4y ago
You’re misunderstanding the problem. It isn’t storage, it is calculation. You cannot do away with decimals because calculations are not always linear. There are several logarithms, exponents and root finding algorithms used in finance which
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by hnews_account_1 4y ago
I don’t think anyone means to put ALL calculations through a reduced representation. That’s a terrible idea. But if you are discounting cash flows or something, it won’t make that much of a difference if you leave the discounted version in
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by hnews_account_1 4y ago
I think those days were easy to use within the zeitgeist. Even advanced versions of those tools would struggle against the data needs today which have become incredibly bespoke. My skill set extends all the way from my actual industry (fina
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by hnews_account_1 4y ago
Ok so many things are like 90% correct here but missing the crucial 10%. Fannie and Freddie are not end holders of your mortgage. They sell it ahead and because they’re govt entities, they actually pay less for offloading that risk off thei
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by hnews_account_1 4y ago
Yep. 4 decimals is plenty for every application and as you said, just multiply it by a million if not. I was more addressing the issue that on some online forums people tend to think finance needs specialized 2 decimal software. Only a frac
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by hnews_account_1 4y ago
That’s fair. I search for this periodically each time Ajit pai does a victory lap on twitter, but I’m unable to find anything concrete and am forced to agree with him.
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by hnews_account_1 4y ago
Enlighten me?
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by hnews_account_1 4y ago
This is highly inaccurate. Every boom in any market is due to it being a good investment. This is the success of capitalism and one of the reasons it is hard to beat. Saying investing will kill something is easy. The alternative is much, MU
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by hnews_account_1 4y ago
Money settling is only a small aspect of finance. In most cases, more precision is required. Not like 15 significant digits or something but more than 2 for sure.
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by hnews_account_1 4y ago
Sorry this is valid and all, but I want to see the effects of the US ruling specifically. I’m being selective and pedantic and all that, but I’m trying to understand how I cannot even find a negative result from the time net neutrality was
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by hnews_account_1 4y ago
And … ? After all that debate, is it statistically proven that the internet has gotten worse in reach, speed and affordability? Please link since you seem to think you have all knowledge on this topic.
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by hnews_account_1 4y ago
Just stringing words together does not make you sound as smart as you think it does. Apparently we’ve had the most successful conspiracy in history where telcos have hidden all articles about the internet dying while simultaneously also shi
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by hnews_account_1 4y ago
What is this garbage? Why would you say taxpayers are footing the bill?! They have nothing to do with each other.
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by hnews_account_1 4y ago
I am yet to see the purported death of the internet that everyone was crying hoarse about during the net neutrality debate.
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by hnews_account_1 4y ago
Were you using VPN in the original meaning of the term as a tunnel to a non local network? I was using it in the modern sense of what we used to call a proxy in the early 2000s. So services like NordVPN etc. I think you definitely need to n
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by hnews_account_1 4y ago
You should keep your VPN on at home too if it doesn’t leak your Wi-Fi connection information.
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by hnews_account_1 4y ago
Aside from the dystopian undertone, if I was a betting man, I’d wager they’ll immediately spawn entire industries that disable these surveillance devices for a cost. At the cyberpunk end of dystopian, if I was selling the surveillance tech,
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by hnews_account_1 4y ago
I agree on that front. I’m also a power user of most software so I keep a mental note of nifty tricks that normal people cannot be expected to maintain. Even the IT folks didn’t know Teams had inbuilt functionality to mount individual share
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by hnews_account_1 4y ago
I am running this on a fairly powerful machine, yes. I forgot to mention that part. It’s a laptop with i7 10th gen and 32 GB of RAM. And you’re absolutely right in how much Teams hogs memory because my org basically expanded their IT budget
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by hnews_account_1 4y ago
The problem with Teams is it has a ton of badly implemented functionality destroying what it does well on a straightforward basis - simple chat. For that use case, it is as good as anything else out there and I don’t know why people complai
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by hnews_account_1 4y ago
Yeah this sounds ridiculous. I work at a large asset manager which is constantly upgrading tech after being hamstrung on the budget for many many years. Everyone gets an iPad if you ask for it and a lot of folks who travel need it for makin
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by hnews_account_1 4y ago
Yep. I don’t fully trust him either. I understand his point that there’s no cash flow etc but suddenly he turns around and says gold is not limited by this argument.
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by hnews_account_1 4y ago
I wasn’t clear. I should’ve said it is equivalent to reading Deepak Chopra about quantum mechanics or string theory vs reading Lee Smolin. Not economics. Additionally, imagine why and how someone with an Econ degree who wasn’t very well kno
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by hnews_account_1 4y ago
I’m not pessimistic. In fact, I definitely think something will disrupt the status quo and it is very corrupt. That’s not the point. I just don’t think your solutions are workable. If you’d told me about btc 10 years ago, I would’ve thought
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by hnews_account_1 4y ago
Ok so I’m going to start making up theories by assuming the second law of thermodynamics is false and we can have infinite free energy.
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by hnews_account_1 4y ago
I like your confidence. I happen to agree with the second part while I don’t want to explain the first part. See my other comments for nuance.

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