jomamaxx

52 ms·

421.
by jomamaxx 10y ago
Hedge funds are really just teams of people investing money on behalf of others, without regulatory constraints that most mainstay financial firms have, due to the fact that you have to have a certain net-worth etc. to be able to participat
422.
by jomamaxx 10y ago
Sadly, most of the history of hedge funds it would seem relates to winning in 'zero sum games'. i.e. a waste of human potential. Obviously there are side benefits: market liquidity, rational pricing, 'market making' for
423.
by jomamaxx 10y ago
This
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by jomamaxx 10y ago
"It mostly just confirms my belief that fully half of all white-collar workers in the developed world are adding zero value. They hustle for their first few years, then coast as old products sell themselves to old customers they alread
425.
by jomamaxx 10y ago
"It's kind of strange that massive layoffs like these result in a stock uptick" It means that the company has realized it's in a head-wind, and is cutting costs in order to deal with it. Layoffs are usually coincident wi
426.
by jomamaxx 10y ago
MySpace had a record label - but they also got their start in music. MySpace started out as a way for bands in LA to post gigs. So their initial user-base/NDA was musicians, LA culture. Facebook was a little more academic/ivy leag
427.
by jomamaxx 10y ago
Friendster was a clumsy product. MySpace was limited in features, and a fugly interface. Neither had talented people. Zuck started at Harvard. That was his core user base. The Ivy League. Basically marquis 'customers' in social. T
428.
by jomamaxx 10y ago
No mention of MySpace? Because that was a pretty big deal back in the day. The Lycos or Excite of Social ... Without MySpace, I'm not sure if FB would be. Oh - and remember 'Friendster' ? :)
429.
by jomamaxx 10y ago
There was a lot of luck in Facebook, even if Zuck is a particularly talented individual. Also - if Harvard is a great school - how the F does someone find time to do the work and make a product at the same time? When I did Engineering, I di
430.
by jomamaxx 10y ago
Yeah, I misread that. My bad. Dam. The prejudice is correct :)
431.
by jomamaxx 10y ago
"Does the existence of gray disprove the notion that black and white are colors?" Black and White are colours. People who we commonly describe as 'Black' are not the colour 'Black'. Tell me - which Black person
432.
by jomamaxx 10y ago
FYI - 'race' is a social construct that humans use which basically boils down to skin colour - not much more. In reality 'African American' or 'Black' should not be though of as a 'race' - rather, as
433.
by jomamaxx 10y ago
How do we know that skin-colour is not 'causative' to bad credit? Are you really asking that question?
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by jomamaxx 10y ago
A smart ML system wouldn't put any weight on race. Because we know it's not causal. Also - it's probably illegal, and surely immoral.
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by jomamaxx 10y ago
Having a job vs not having a job + savings is pretty close to 'causal' when it comes to determining the ability to pay back a loan :) Far, far more so than skin colour :) which is absolutely not causal. I agree with your point the
436.
by jomamaxx 10y ago
The fact that African Americans, on average, might be significantly less likely to be creditworthy - is not racist per-sey, it's just a fact. But denying someone credit on the basis of their race is probably racist. Why? Because having
437.
by jomamaxx 10y ago
Wow. Amazing that someone would dare publish this in today's PC world. That said, when stereotypes are wrong - they are very wrong, right from the article: "2. Older people are generally more __________ and less __________ than ad
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by jomamaxx 10y ago
Average base salary at Google is 128 according to this: http://www.businessinsider.com/a-google-programmer-blew-off-...
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by jomamaxx 10y ago
Median home price sale in Santa Clara is 1.25 Million dollars. That's like $7K a month mortgage payment. $82K/year. You need to be earning $200K to pay that. There are surely a lot of people at Google earning $200K, but not that m
440.
by jomamaxx 10y ago
Having lived all over the world, all over Canada, and in Texas and Cali for many years, I can assure you that Canada is pretty good. You have clearly never lived in the Silicon Valley if you're talking about housing. Housing in the Val
441.
by jomamaxx 10y ago
The USA has many natural advantages against Canada when it comes to 'exceptionalism' - mostly scale and clusters. It's almost impossible to do anything A++ in Canada because it gets sucked into the US. So Canada is a great pl
442.
by jomamaxx 10y ago
It's not that far off. $120K is somewhere near normal at Google and a decent startup. Not including exchange rate, but most of the exchange is eaten up in cost of living. Exchange can be normalized for most us/ca comparisions, i.e
443.
by jomamaxx 10y ago
Canada is a great place to live for most people, frankly, probably better than the US. It's not a good place for talent.
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by jomamaxx 10y ago
YC has a strong focus on revenue it seems. They talk about 'ramen profitable' meaning - squeaking by with enough money to pay basic bills and survive. I think this is great advice specifically because of how it empowers you vis-a-
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by jomamaxx 10y ago
I agree with the 'it's all ahead of you bit'. BUT - what if someone spent a year or more making a product, got it to MVP, and then took a couple of others on pre-funding. Most of the vision, concept, and maybe even the tricki
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by jomamaxx 10y ago
If the Feds thought I was building a bomb, they surveilled my email with a court order, found nothing and moved on, I could care less. It's when there's not process that's the problem. As far as 'accused', I'm
447.
by jomamaxx 10y ago
I'm not saying it's at all easy. I'm saying those are paths for those who have the power to pursue them. There are very few successful startups that came out of nowhere through grind and effort - at least not the fast impact
448.
by jomamaxx 10y ago
"> We need surveillance Source? " A) There is no need for 'source'? Asking for 'source' does not count as an argument. Where is your 'source' for 'we got by for thousands of years?' for e
449.
by jomamaxx 10y ago
"But there was some oversight, and mis-steps." Meant to say 'lack of oversight and mis-steps. It's almost a pointless discussion here on HN, most readers are religious about the subject.
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by jomamaxx 10y ago
It was not all that bad. But there was some oversight, and mis-steps. He shouldn't have been hassled until there was reasonable evidence that he was a bad guy - or there was something really significant on the line. We need surveillanc

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