kevstev

56 ms·

541.
by kevstev 9y ago
This is changing. Maybe less so in banks, but at my hedge fund, its more about individual contribution rather than how many people you manage. We are also a bit different in that we are actively modeling ourselves like a tech company.
542.
by kevstev 9y ago
They actually have the most generous 401k plan of any company I ever worked for- a dollar for dollar match up to 6% of pay, with no cap. It also vests immediately.
543.
by kevstev 9y ago
I have an i7 quad core sandy bridge in my laptop, and I just casually play games, generally older games I pick up for cheap during steam sales. I do some somewhat heavy development on the box, but have never felt a need to upgrade at all. W
544.
by kevstev 9y ago
That's actually a good thing for their long term outlook- a higher ceiling on their potential growth.
545.
by kevstev 9y ago
FB and GOOG have been hoovering up practically all growth in the digital ad space. Those PE ratios are high, but they have been blowing out their earnings quarter after quarter. FB has 2.07 billion monthly active users, about 1/3 of th
546.
by kevstev 9y ago
Seriously. Some companies want it both ways- constant access via email/slack/on call rotations, but a strict clock-out time of 5pm? "You aren't a team player."
547.
by kevstev 9y ago
I am on the platform, and yeah they post frequently about looking for market neutral strategies.
548.
by kevstev 9y ago
One big hole in his claim is that a real problem for successful, and really all hedge funds to some extent- is scale. Yeah you might find a microcap out there that looks great but if the ADV on it is 100,000 shares with a <$200M market c
549.
by kevstev 9y ago
If you have the data, that's great. Is there really value in that though? Markets have changed so much, especially with the rise of index funds and etfs and such. I couldn't imagine much value going back to pre WWII, or even befor
550.
by kevstev 9y ago
In general, I backtested for the longest period the platform would allow, which is unfortunately only back to about 2002 (I really wish it went back pre-.com boom, to 1997 or so). I would then often do separate tests for 2007-2013, 2012+, e
551.
by kevstev 9y ago
This was all about 10 years ago, the market has moved since then, and now it seems you can slip under the PHD radar and do similar work if you classify yourself as a "data scientist." Some of the mythos around quants and technolog
552.
by kevstev 9y ago
They make a lot of those resources available for free. I worked in algo/hft for about 11 years, then left and started building my own tools for building factor based algos using my interactive brokers' apis and my own toolkit. I w
553.
by kevstev 9y ago
not really. Value based strategies tend to get hurt pretty bad during the tail end of bull markets when euphoria starts to set in, and increases tend to be due to P/E expansion and rosy predictions for the future rather than current pe
554.
by kevstev 9y ago
Is this new-ish? I remember looking for this awhile back and not being able to find it. Thank you though!
555.
by kevstev 9y ago
Agreed here. I feel like I am constantly fighting to filter out all this "content" from external sites. I feel like I can't even see the stuff I joined FB for- to see pictures/updates to see what my friends are up to. In
556.
by kevstev 9y ago
Same here. I thought I was aging out of the industry. Got a job at a smallish but elite kind of place. My first day, I didn't meet anyone under 30. Most have kids. Most have nothing to prove, they have already done some very impressive
557.
by kevstev 9y ago
You just don't remember anything anymore. IIRC, it was implemented around 2001. It was little more than a curiosity though, you may have just bypassed the little colored "pills" on comments, but aside from being angry about h
558.
by kevstev 9y ago
1- I am not sure what kind of house you are talking about, but typical costs for energy efficiency result in less than a 10% increase in total costs. 2- ok. 3- The savings can be much greater than that. Insulation alone has an amazing bang
559.
by kevstev 9y ago
There is an ad in the magazine for a service that frames the covers. Call them up ;)
560.
by kevstev 9y ago
This was and probably still is something of a standard in publishing- that 50% of the "book" is ads, 50% content. My wife used to work in magazines.
561.
by kevstev 9y ago
I am not a Lisp guy, but Lisp as I understand it hasn't really changed a whole lot over time. Awhile back someone posted a Byte issue about C and I was shocked at how relevant the articles were today. If anything, it will give you a de
562.
by kevstev 9y ago
I saw an archive of an issue on C, and I was shocked by two things- the enormous length- that one ran on over 300 pages, and even more-so, that a lot of the articles were still absolutely relevant today! It seems like a piece of history I w
563.
by kevstev 9y ago
This divide isn't really an age thing IMHO, its an attitude about money (related to age) thing. In my early-mid 20s most of my friends were just starting out and counting every dollar. Taking the hit for an entire round of drinks or th
564.
by kevstev 9y ago
I would argue that they used cygwin, and now they have the option of using WSL- which I have been using for the last two months, and thus far has met my CLI needs.
565.
by kevstev 9y ago
I did a ~1hr 45min commute at one point, with an hour of that on a commuter train, the rest on an uncrowded subway + walking, and I also didn't have a problem with it. The train was calm, I had plenty of room, and as you mentioned, it
566.
by kevstev 9y ago
I went from very brutal environments (massively stressful jobs in algorithmic trading, generally sitting on loud trading floors with late hours, weekends, etc) to working remotely and found almost the opposite. Instead of being sick several
567.
by kevstev 9y ago
Racing the Beam: https://mitpress.mit.edu/books/racing-beam Its about how hard it was to program the Atari 2600 and the clever tricks required to get the most out of the machine. One of my favorite anecdotes was that i
568.
by kevstev 9y ago
Also- Clear transparent pricing. No getting to the destination and the dude suddenly asking for $30 more than you previously agreed to or arguing over a tip (I live outside Manhattan- nearly every time I took a trip home in a cab, there wo
569.
by kevstev 9y ago
You clearly don't live in NYC. Uber absolutely changed how people in NYC get around. Whether or not they fill the same requirements, they made it so easy to get a car that it was easier than standing on a street corner and hailing a ye
570.
by kevstev 9y ago
I get that the point of the article is to point out the flaws of technical interviews, but I see a lot of people griping and quite frankly circle jerking about how bad recruiters are. I am definitely "mid career" at this point and

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