jim_greco

9 ms·

31.
by jim_greco 12y ago
Matt Levine does a great job of explaining scaremongering from the media (lately, mostly from the NYTimes) about Wall Street. My favorite is the Goldman Sachs aluminum "scandal" from last year: http://www.bloombergview.
32.
by jim_greco 12y ago
Here's my New Yorker perspective: Everyone I know who has a job that pays them $150k-300k a year doesn't have much work/life balance. Jobs in finance/law/tech are all consuming and the pay is commensurate with that
33.
by jim_greco 12y ago
Have they changed this process recently? It was only 3 years ago they were trumpeting their brain teasers in the WSJ. http://www.wsj.com/articles/SB100014240529702045523045771125...
34.
by jim_greco 12y ago
Of course there's a nonzero probability. That's an easy conjecture to make about any startup taking on something brand new. You'll always find hundreds of reasons to say no in venture investing. But what if they're righ
35.
by jim_greco 12y ago
You have to appreciate the impact that Piketty has made on economics. It's one year later and columnists and academics are writing about the blog post of students that have minor quibbles with his data or conclusions.
36.
by jim_greco 12y ago
You need more data. Just because 72% of apartments are under rent control doesn't mean that 72% of apartments are going for under market rate rent. Even with rent control, San Francisco would benefit from being denser. There's a
37.
by jim_greco 12y ago
I don't really think people are leaving finance for tech because it's a gold rush. Most of these guys are making half of what they made as an associate or VP. Even with all the money pouring in, exits aren't exactly that co
38.
by jim_greco 12y ago
It's a cool app, but there's been a huge degradation of my stream now that it's littered with |LIVE NOW| posts and out-of-context replies. Neither of which is fixed by this unfortunately.
39.
by jim_greco 12y ago
The best part about Pinker's book is he actually uses data to backup his thesis. Gray is just rambling and appealing to emotion.
40.
by jim_greco 12y ago
You don't have to rack up student loan debt at MIT or any of the other elite colleges in America. If your family can't afford it then you'll get a ton of grants from their endowments (and work study to supplement). It'
41.
by jim_greco 12y ago
He had to pay 25% of 2 years * $90k for this. This is a terrible trade off. MIT is incredibly generous with grants and work study programs. My girlfriend's family ended up paying ~$10k a year to go to one of the best schools in th
42.
HBO Web Streaming Service Available in April for $14.99/month(bloomberg.com)
3 points by jim_greco 12y ago|0 comments
43.
by jim_greco 12y ago
> We have this system because that is what people want. Maybe not you, but clearly the majority. Laws and regulations are usually designed to protect the minority. Our country would have made very little social progress if we only enact
44.
by jim_greco 12y ago
1) Underemployment is counted in the U-6 measure which has also trended down significantly this year. 2) The workforce participation rate number is meaningless unless you put it into context. How many people would be in the labor force tha
45.
by jim_greco 12y ago
Employers can't afford to be picky anymore. The unemployment number is now 5.5% and we've had a year of 250k+ jobs added per month. If you want to use anecdotes about Walmart, even they have been forced to increase their wages
46.
by jim_greco 12y ago
The lack of second chances we give in America to some of our most unfortunate means that even non-violent offenses can have lifelong consequences. It's shameful.
47.
by jim_greco 12y ago
It's good to have a little ego, but I don't know anyone in the batch who talks like this: > I realized that Creo is an extraordinary technological challenge and we achieved unbelievable results so far. Who could have developed
48.
Crypto Facilities: New Bitcoin Derivatives Trading Platform(cryptocoinsnews.com)
1 points by jim_greco 12y ago|0 comments
49.
by jim_greco 12y ago
Impressive. As a New Yorker, the concept behind the company is completely foreign. You live in a building for years, share walls and common space, and never get (or care) to know your neighbors. Only 1 other person with a profile photo in m
50.
by jim_greco 12y ago
UBS has a bit of a reputation for this. Same thing happened with their US Equities tech in the mid 2000s: 1) Bring in new blood to improve a legacy platform 2) The new blood decides to throw out everything and do a complete rewrite 3) The
51.
by jim_greco 12y ago
Algos didn't cause the '08 crash. The '08 crash was caused by a lot of bad bets on the housing market. 100% of those bets were made by humans chatting on Bloomberg or over the telephone. Edit: No, child posts, you cannot ma
52.
by jim_greco 12y ago
Thanks!
53.
by jim_greco 12y ago
I spot checked the ones on the map that corresponded with my building and it checked out. Handy...
54.
by jim_greco 12y ago
A lot of software is free. Hopefully though your overriding decision for the best software to use for the job is based on the value you get out of it and not the absolute lowest cost.
55.
by jim_greco 12y ago
Every market usually has the problem of a lot of supply and little demand or a lot of demand and little supply. We were former US Treasury traders so we understood the part of the problem to best attack first. Other asset classes like cor
56.
by jim_greco 12y ago
The biggest change since the financial crisis is that the buy-side (mutual funds, hedge funds, pensions) is now in the driving seat for determining what the future of markets look like. We're seeing that with innovative new exchanges l
57.
by jim_greco 12y ago
Founder here. I find it crazy that over 50% of transactions in Treasuries and 70-90% in other asset classes are still traded over the phone. Lots of room for new entrants to make an impact in the space.
58.
by jim_greco 12y ago
$90k is not good, especially for 1% in a 5 person firm. However, I wouldn't throw around numbers like $270k as if any developer off the street makes that in New York City. No firm, especially Bloomberg, is going to pay someone new to
59.
by jim_greco 12y ago
NYC is tough. You're competing against a lot of finance companies for talent. Developers are used to a higher base salary than $125k and a yearly cash bonus. People value stock a lot less because it's not part of the typical co
60.
by jim_greco 12y ago
And segregation wasn't offensive to most southern whites. Your counter argument is silly because you could use it to argue that nothing is offensive.

More ›