hogFeast

92 ms·

781.
by hogFeast 7y ago
Just speculation but I think a big part of this is that it is often quite difficult to lay off staff. The issue isn't that you assess employees poorly...it is very hard to be right based on knowing someone for a couple of hours...but t
782.
by hogFeast 7y ago
Dear God, I hope you don't do interviews. Talking about the "attitude" of someone you don't know, taking criticism personally, thinking that you are weeding people out by trying to "irritate some", suggesting t
783.
by hogFeast 7y ago
Dear God, I wish companies were run like this. Everyone refers to these faceless "companies"...no, you are being hired by employees just like you who almost always overpay for staff. They overestimate their ability to assess talen
784.
by hogFeast 7y ago
They weren't. This was never an option for banking, it is heavily protected almost everywhere (even within the Single Market). The issue is that the UK is a very hard market: infinite competition from startups that are well-capitalised
785.
by hogFeast 7y ago
Every large-scale student evaluation I have ever seen has been massively uninformative because students on different courses usually have drastically different expectations. At my university, the law school was top-notch (at least, it is th
786.
by hogFeast 7y ago
You should have more than one supervisor (and solicit information from peers). But basically...yes...using judgement, learning how to assess skills...that is all part of management. You cannot turn a bad manager into a good one with informa
787.
by hogFeast 7y ago
...compared to what...you have lost 100% of what you put in. Any other system is about wealth transfer...it is generally not advisable to attempt to transfer wealth this way, there are unintended consequences.
788.
by hogFeast 7y ago
No, it does. You don't think it does because you either haven't looked at what happens if limited liability doesn't exist or you are assuming that we can make these changes with no consequence. Well we can't just microma
789.
by hogFeast 7y ago
Because they do a ton of other stuff. There is a fundamental misunderstanding of the scale of these businesses...they pay out based on the cost determined by a third party but they are still profitable because they do a ton of other stuff.
790.
by hogFeast 7y ago
How is losing money suffering no consequences? (I can tell you that I worked in investment management and sat in meetings where this kind of thing was discussed...no-one thinks this, companies that do bad things lose money...end...SRI is so
791.
by hogFeast 7y ago
It is interesting (or worrying) to think about why someone like this writes an article like this. It seems kind of self-evident that limited liability gives people the opportunity to sue companies, and her main issue is apparently with the
792.
by hogFeast 7y ago
The study of luck is called ludometrics (there are a few interesting papers related to sports on Arxiv). It is very tricky and there are several competing notions of luck...I am not convinced that the method in the article is particularly u
793.
by hogFeast 7y ago
Yep, some plumbers are making way more...even than grads in "majors with a track record" (whatever that means). The issue is that most jobs pay too little. College is not a reasonable way to achieve income equality. You can gradua
794.
by hogFeast 7y ago
The UK is a good example of this...the Labour Party went from solidly working class with good connections to voters to a party of the wealthy, metro elite with no connection to voters. You can point to individual factors of circumstance (an
795.
by hogFeast 7y ago
Hahaha, has Xi Jingping felt yours? The guy is a billionaire who literally doesn't live in the same world as anyone he rules over. Thank god that people vote for people like Cameron and Obama. Both are examples of politics working. Com
796.
by hogFeast 7y ago
I am "qualified in politics"...I can tell you that people who are "qualified" think no less bizarre things than people who are not (they are just of a different type). Stating that there is some kind of qualification sug
797.
by hogFeast 7y ago
Boeings look unsafe now but are Airbus really any safer? We are looking at a small sample of extreme events. And just generally, I would not put a great deal of confidence in a company run by politicians...that doesn't mean Boeing is g
798.
by hogFeast 7y ago
I don't know whether this is technologically sound but a few things to bear in mind: * Before they took this decision, the govt consulted with the UK's Cyber Security Centre (these guys are not meek civil servants...GCHQ end up ow
799.
by hogFeast 7y ago
I think the issue is that there is no notion of downside risk. No claw back. A high responsibility position with, apparently, no responsibility. This kind of thing, as an investor, is utterly maddening (ex-investor, I am glad I don't h
800.
by hogFeast 7y ago
Thank god. A particularly nasty aspect of this story, alluded to at the bottom but not made explicit, is that Airbus was taking massive export credits (in the UK, they got the lion's share of the budget). It was only in the UK that Air
801.
by hogFeast 7y ago
Just my 2c, and this is more based on my experience academically, almost no-one figures things out that nobody else can. Innovation is largely a combination of circumstance and timing. Some ideas just have their time. Having unrealistic exp
802.
by hogFeast 7y ago
Virtu is doing something totally different. You are comparing a gas station with O&G exploration.
803.
by hogFeast 7y ago
There is a book that explains what Baum did (it wasn't this).
804.
by hogFeast 7y ago
You should read the book. Simons had almost nothing to do with the strategy (he managed money in the 80s, he got lucky but it didn't go well generally). They tried several complex ideas, none of them worked. And the advantages they had
805.
by hogFeast 7y ago
This is only half of it. If you look at all their early employees, Robert Frey/James Patterson have profiles, they were people who knew the maths AND knew how to apply it. If you look at AHL, they have lots of people who know the maths
806.
by hogFeast 7y ago
Nope. This used to be quite common in the 80s (you would run a public fund, and allocate losing positions to pension funds) but doesn't happen today.
807.
by hogFeast 7y ago
Asking a finance professor about a hedge fund is like asking someone from the 1850s how a car works. Wrong tools. Wrong knowledge. Wrong way of thinking. Like he is talking about EMH...lul, it is just fiction.
808.
by hogFeast 7y ago
It isn't. Read the quoted section from Russel Clark, the BIS has been talking about this (they specifically mention levered hedge fund positions), and they specifically mention an arb between cash bond and derivatives (do you know the
809.
by hogFeast 7y ago
Read further. They explain this view. It is 100% correct, based on the evidence they provide. What they are saying is that this was LTCM but instead of banks coming in and forcing losses at 50 cents on the dollar, the govt came in and baile
810.
by hogFeast 7y ago
Everything that will be found out is out there.

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