kvcc01

5 ms·

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by kvcc01 11y ago
I listened to Bernanke talk about this once. The academic view seems that things weren't that awful until 1931, when a large Austrian bank failed (Google Creditanstalt), which triggered a wave of global bank failures [1]. The resulting
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by kvcc01 11y ago
It seems the indices are down 30% or so from their prior highs, which is unpleasant but nothing like the 1929-32 period. Even Nasdaq had cratered far worse in the early 2000s. By comparison, Dow Jones went from 381 to 41 in just about 3 yea
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by kvcc01 11y ago
I use kdb/Q at work and it’s a fun tool to play with so long as someone else is paying for it. It is quite common in finance (and comparably uncommon outside of it). It’s very expensive of course, and the learning curve is hard. In fac
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by kvcc01 11y ago
Of course! What makes this letter effective and relatable are all those little things that wouldn't have passed the ordinary editorial, legal, or PR filters, if it were written by a typical corporate CEO. If I was teaching at business
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by kvcc01 11y ago
I read the whole letter and loved the tone of it! It jumps at you right away that: (1) Here's a guy who really cares about his business, its future, his employees. (2) He talks candidly about the reasons for closing up: his declining h
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by kvcc01 11y ago
Yes, there’s a "frequency spectrum" of sorts and HFT is at the short end of it. Here, your models monitor and react to trading tick-by-tick, and execution speed is paramount. It’s also where you have the fiercest arms race for the
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by kvcc01 11y ago
I work in quantitative finance and find that basic probability and statistics help a lot in this field. In fact, they are almost like prerequisites for hiring. That said, I think everyone would benefit by reading a bit about these subjects,
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by kvcc01 11y ago
This degradation in comforts of air travel is very regrettable. Especially when it comes to seat pitch, coach class is clearly denied what is necessary and, worse still, this is intentional. There's a lovely quote by a French engineer
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by kvcc01 11y ago
Snapchat is doing well. I sometimes get on the bus around the same time when the local high school is dismissed, and watch in amazement all the kids pull out their phones and work through their accumulated snaps for the day. Some have hundr
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by kvcc01 11y ago
I agree with you both. "One can, and one should," and it’s even better if the profession provides a mechanism to remove from practice its own worst offenders. The AMA/ABA examples I gave above do not just offer protection to
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by kvcc01 11y ago
A Hippocratic-like oath by itself would be useless without a powerful professional organization watching out for our interests. If I take the moral high road and get fired by my MBA boss, I have no course of appeal. If an MBA were to fire a
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by kvcc01 11y ago
Seeing Prof. Nash enjoying his walks on campus is one of my fondest memories from grad school. This is very sad. I was curious to learn more about his work a while ago and had looked up his PhD thesis. Here's a link: http://
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by kvcc01 11y ago
Whenever I walk in Central Park in the evening, I pay attention to how many windows of adjoining buildings have their lights on, as a rough proxy of current occupancy. Billionaire-class buildings like 15CPW, One57, etc. are often 80% dark.
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by kvcc01 11y ago
I was curious about that myself (for the obvious reason :) I presume some of the deeply nested comments tripped a flamewar detector, and the ranking cratered thereafter. (I remember reading somewhere about the nesting level being used as a
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by kvcc01 11y ago
I think this was a fine article with a terrible title. I worked out of WeWork’s SoHo office in NYC for a while and was pleased with the details they got right to make themselves attractive to startups (no pesky sales team, short notice to c
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Is This the Office of the Future or a $5B Waste of Space?(bloomberg.com)
37 points by kvcc01 11y ago|67 comments
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by kvcc01 11y ago
In the typical case, CEO pay is determined by the compensation committee of the board of directors. The comp committee, in turn, hires a compensation consultant, who presents the board a study of how much other CEOs of similarly sized compa
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by kvcc01 11y ago
Your story is very sad, I'm truly sorry. An important risk factor for career-oriented married men is total abdication of social efforts and leaving it to the spouse "to manage the social calendar." In the long run, this cause
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by kvcc01 11y ago
Yes. Unlike the parent, I welcome reading such stories. It keeps me cognizant of the risks of ignoring mental well-being. I think our professions (programming in particular) has more mischief potential because it makes it easy to drift into
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by kvcc01 11y ago
One area I’ve seen math and programming interplay is quantitative finance, i.e., quant-developers attached to trading desks in Wall Street. In this microcosm, the people I see rise up in the world are those who started off with solid financ
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by kvcc01 11y ago
Do these studies ever control for the socialization factor that may relate to alcohol consumption? It seems having good social connectedness is good for you psychically, maybe even physically, so if you socialize with your friends, family,
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by kvcc01 11y ago
If you get some ghastly disease and need a surgeon, you may not necessarily prefer a fresh graduate operating on you. I may personally filter for an experienced physician, in their 50s, 60s all fine, who has done thousands of the same proce