kalininalex

9 ms·

61.
by kalininalex 14y ago
Setting up a company to shield one's assets is perfectly lawful. In fact, many entities out there exist for this very purpose. However, to accomplish it, one must follow certain rules. Simply filing the paperwork is not sufficient. The in
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by kalininalex 14y ago
There's nothing inherently wrong with a single-member LLC. The only issue with it is it's a relatively new entity and the body of legal precedents is not large, so it's hard to predict how a court would rule in any particular case. Instead,
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by kalininalex 14y ago
Simply setting up LLC (or any other type of entity) is not sufficient. To shield your personal assets LLC needs to be properly capitalized and be managed like a proper business. Essentially, it will at least require carrying some kind of co
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by kalininalex 14y ago
GEICO is by far the most favorite company of Warren Buffett (with probably Ajit Jain's National Idemnity close second). I think this is more of an expression of sentiment rather than real advertising.
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by kalininalex 14y ago
Have this book, and couldn't agree more.
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by kalininalex 14y ago
Harry Bernstein began writing his first novel at 93. He published it and gained fame at 96. He published two more before he turned 101. His fourth book will be published this year (posthumously, unfortunately). Is 50 too late to start a new
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by kalininalex 14y ago
That's true, functions can work quite well for smaller apps, and/or apps specifically suited for that style. But there are many apps that have complex internal states. Subroutines and functions don't say anything about how to deal with it.
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by kalininalex 14y ago
Ah, sorry, poor wording :) I meant to apply "all being lost" to encapsulation in general, not OOP specifically.
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by kalininalex 14y ago
I think we only need to count entities we need to keep in mind _simultaneously_. For example, a hypothetical File object can have dozens of methods, but to open it I only need one: File.open("..."). Internally, File may contain a dozen of v
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by kalininalex 14y ago
Good point. Connections make the situation even worse (for aliens). Interestingly, it's about the same for humans: 3-4 entities produce 3-6 connections. Both are in the same neighbourhood. The limitation is biological though ( http://en.wik
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by kalininalex 14y ago
The answer actually IS objective. The limit of complexity is defined by the fact that our short-term memory can simultaneously hold only five entities, plus or minus two. So, if the code requires one to hold more than seven elements in mind
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by kalininalex 14y ago
Great observation. It's very easy to forget after a year or so of good times that bad times ever happened. Yet, this too shall pass. The key component of my philosophy is to always provide more value than paid for, be it 10 days of vacation