qwrusz

34 ms·

181.
by qwrusz 10y ago
I'm a big advocate for philosophy to be taught much more among core liberal arts subjects like literature and history. When the largest companies in the world have corporate mottos like "Don't be evil" and politics split
182.
by qwrusz 10y ago
Is this for the UK only?
183.
by qwrusz 10y ago
I live in NY. I think if a business is inside the profitability margin of error where a bagel tax or bureaucracy cost could very well flip it upside down then it's not profitable even if it is. These are the types of companies that wil
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by qwrusz 10y ago
I agree, very bizarre way to claim profitable. As for the other comments mentioning EBITDA. The Tax in EBITDA is income tax. You cannot be taxed out of being profitable . The tax rate is not >100% so if you are profitable before taxes y
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by qwrusz 10y ago
You need to figure out if you are in fact offering the same service or do you have significant differences in product, market and customers. If it's the same service, then who is right about the better business model. You think this
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by qwrusz 10y ago
I realize valuation numbers like this make headlines and are a quick way to proxy success (or lack of) for a startup. But private market startup valuations are about as useful as public market stock prices, i.e. not useful without more cont
187.
by qwrusz 10y ago
Great comment! This is one of the best descriptions I have read on VC investing and startup valuations. If true, doesn't it imply VCs hand over millions without knowing details of a company and founders can benefit from delaying going
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by qwrusz 10y ago
People seem to forget there are a lot of smart people working at Apple on the business side who know what they are doing. Apple has calculated how many customers will be upset, lost, indifferent and gained due to various product decisions.
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by qwrusz 10y ago
I work at a hedge fund. In the front office of a smaller shop, but I am pretty sure I know both firms you interviewed with. First off, congrats on both offers, these are not easy interviews or easy jobs to get. My 2 cents: Try to find someo
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by qwrusz 10y ago
More details (but still anonymized) could help give better advice. I guess first question should be: What makes you think you will find an alternative supplier at a much cheaper price at all?
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by qwrusz 10y ago
You are right that $4B from an IPO is technically another fundraising round. However, an IPO is a special case, as for years now a company/its board will consider an IPO as a business strategy decision and not as fundraising per se.
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by qwrusz 10y ago
But if you are down only 1.99% you get to stay and get a totally clean slate in a couple weeks. That is one incentive. Also there is no go big or go home as you approach these thresholds, VaR scales back and trades are stop lossed to prev
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by qwrusz 10y ago
This is Goldman Sachs. I can tell you with certainty those 20 people were not part of a union. The real number is also not 500. It's closer to +1000. Many layoffs at places like Goldman are handled in a way that they do not appear to b
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by qwrusz 10y ago
Got it. Thanks. The assuming successful by end of the year is an important part. At the same time, some traders hit a profit number during the year they are happy with and then try to lock it in, choose to go risk off and just coast till th
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by qwrusz 10y ago
sorry just curious why you say this policy incentivizes more risk at the end of the year? is there an upside? explicit bonus/P&L part of it?
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by qwrusz 10y ago
For all we know GS could have closed a coffee shop in the building as employees wanted fresh air and go to Starbucks across the street anyway. 34,000 employees. Hundreds of job openings on their career site. 20 people being laid off is not
197.
by qwrusz 10y ago
While Groupon is not exactly known for their financial filings accuracy. This acquisition is weirder than usual. There seems to be no official press announcement instead Groupon added basically just this one line in their 20-page long 3rd q
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by qwrusz 10y ago
I'm with you. I often write longhand with a fountain pen ($20 pen nothing fancy). And not just thank you notes, long research papers that I will eventually type up, I write it out first when I have time. Writing slows things down and a
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by qwrusz 10y ago
That is how business works. It's the definition of business. He is not running a charity. It is a for profit business. Also, the intent of my question wasn't greedy-capitalism-gouge-the-customer...I meant if a business can charg
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by qwrusz 10y ago
So this lawsuit is really 90% Ev Williams selling some shares in 2015. If I am not mistaken he didn't work there anymore and had already started Medium. Also all this was public information at the time. All these insiders would have fi
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by qwrusz 10y ago
> the reason I don't charge more is it'd just be lining my pockets What's wrong with lining your pockets? This is a business no?
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by qwrusz 10y ago
I read your comment and agree. I also agree it's difficult to properly articulate those benefits/interests some people have for handmade things vs machine-made things. Still just things though. Who knows when robots take over ever
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by qwrusz 10y ago
Congrats on the success. Thanks for sharing the business story too. Disclaimer: this is not a paid endorsement. I don't know Chris. But I happen to be a customer - having bought a painting as a gift. It is framed on the wall at this mo
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by qwrusz 10y ago
I don't know these guys. I just want to say kudos for launching a VC fund the way they did: -Announced in public and on VC website. -Who you are -What you look for -What you offer ($ size and intangibles from partners) -What track re
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by qwrusz 10y ago
Similar articles were written about Jeff Bezos and Amazon 20 years ago. "no profit", "losing money every year", "unsustainable" etc... I admire Musk. Not a huge fan of the way he is funding his goals but don&#x
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by qwrusz 10y ago
Obviously "savings account" and "in savings" are not the same thing. This survey and article don't seem professional - basically this is clickbait or they are clueless. But the main issue still is real. Regardless o
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by qwrusz 10y ago
Fact: this is the best thread on HN right now. Comment upvote.
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by qwrusz 10y ago
What is analytics? What does that encompass? Not trying to play dumb. I am familiar with multi-strategy buyside >$1B firms, analyst and management work. More on PM side (equity, HY, macro research,) and less with sales and marketing or m
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by qwrusz 10y ago
So I think you are right about issues existing; survivorship bias and limitations/concerns when using an index as a proxy. These are usually mentioned in the fine print hidden at the bottom if they are acknowledged at all. The FTSE 100
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by qwrusz 10y ago
TL;DR What to focus on? Some statistics advice: Don't be a liar. Don't be a biased idiot. Don't fuck up. The software should handle the rest. Nuance is a fair serious question. And this could easily turn into a debate of sema

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