vostok

22 ms·

211.
by vostok 9y ago
I'm more relying on my experience in trading with Goldman and other banks than I am assuming anything. I also don't see where I said anything about zero sum games.
212.
by vostok 9y ago
I've never understood this perspective. If I buy something from Goldman then they think the price is too high and I think the price is too low. If I sell something to Goldman then they think the price is too low and I think it's t
213.
by vostok 9y ago
That's a good point and I mentioned it because you included social work in your list of hard careers so thought hard doesn't necessarily mean doing hard math/logic/etc.
214.
by vostok 9y ago
I think white privilege is in contrast to being not white. Statistically, you can think of it as a, for example, 1% effect that gets added to another 1% effect that gets added to another 1% effect and so on. Add enough of these effects and
215.
by vostok 9y ago
I think I have to disagree with both statements. banking - extremely long hours with unpredictable work, huge attrition rate (most people who start in banking don't stay in banking), eventual career progression is into sales consulting
216.
by vostok 9y ago
Some people at Facebook can be extended to some people at other companies too. I specifically picked a large, visible example where the information is publicly available. Perhaps GP misread "quite a few private sector jobs" as &qu
217.
by vostok 9y ago
You can use Facebook's annual report to find that the average annual stock based compensation at Facebook is around $188k. That's real, liquid stock that you can turn around and sell. It's not monopoly money. Add salary and b
218.
by vostok 9y ago
It's not bad if you're just comparing base salaries, but it's hundreds of thousands lower than quite a few private sector jobs if you compare total compensation. Of course given the compensation and maximum length of tenure I
219.
by vostok 9y ago
I think that higher end clothing tends to be higher quality, but higher quality is not the same thing as lasting longer. You can spend tons of money on a S200s suit, but it won't last as long as a cheap poly-wool blend. At a minimum I
220.
by vostok 9y ago
The neon ski jacket colors seem to have some amount of popularity with tech types. I do think that there's some deeper truth to your "great depression" comment. As an older millennial, the last major recession left some scars
221.
by vostok 9y ago
> I remember being accused of using too many "five dollar words", being a nerd for spending time learning technology, being a loser for reading books! The upper class looks down on nerds, especially technology nerds, just as mu
222.
by vostok 9y ago
It's unlcear to me which of the two is considered "higher class". I think Astoria is slightly wealthier than Harlem in recent history, but neither is known for for having a particularly moneyed population. Today, I know more
223.
by vostok 9y ago
That's when you say that it's held-to-maturity and claim that it's not impaired.
224.
by vostok 9y ago
The benefit to me personally is that I can buy something like SPY for my retirement savings and not worry that I'm getting ripped off on the price. I just picked SPY as an arbitrary example and I'm not making any investment recomm
225.
by vostok 9y ago
In this case, 0 is contained in R which is a Borel set and is part of the sigma algebra on which the measure is defined.
226.
by vostok 9y ago
The Lebesgue measure is not defined for all subsets of R. It is defined on the Lebesgue sigma algebra which is larger than the Borel sigma algebra. You could instead choose a sigma algebra that does not contain {0}. Trivially, you could cho
227.
by vostok 9y ago
I think trivial means that the proof requires no serious amount of creativity.
228.
by vostok 9y ago
Quantitative finance is quite similar in this regard. Maybe I don't fly high enough to meet people who wouldn't get a technical interview, but I assume that Jeff Dean wouldn't either.
229.
by vostok 9y ago
I think it's really more of a class marker than a "Western" thing. Eating out is certainly the default choice for professionals in New York, London, Moscow, Dubai, Singapore, San Francisco, or Hong Kong.
230.
by vostok 9y ago
I would be very surprised if the median HN user had a marginal tax rate of 15%. At last year's rates, I would expect something like 36%. Of this, 28% is federal, 1.45% is payroll, and 9.3% is state. These add up to more than 36% becaus
231.
by vostok 9y ago
In fixed-width fonts, do you literally use an en dash (U+2013) or do you use hyphen-minus (U+002D)?
232.
by vostok 9y ago
I don't think the top 65k salaries are necessarily going to the top 5-10 companies. I work for a very small company outside of the SF/SV bubble and our pay is much more than the top H1B companies. We don't sponsor new H1Bs be
233.
by vostok 9y ago
Why should a company be forced to hire subpar employees? If jobs are the issue then we can just have a jobs program run by the government. Let's let businesses do what they're good at. Unless the visa cap changes, we should just g
234.
by vostok 9y ago
> The system works if your net worth is somewhere above $5 million. For everyone else it's just the mechanism that sends everything you earned back to rich people right before you die. Must be above my net worth! Sure I can afford t
235.
by vostok 9y ago
I can personally say that every time I've traded with a bank I've absolutely thought about it from the perspective of them taking a view contrary to mine. It would be bizarre if they thought that it was a good time/price to b
236.
by vostok 9y ago
It seems even less controversial when two different departments do it. I assume you're talking about something like your ECM doing a follow on and your ER putting out a positive report? I'd argue that it means your compliance depa
237.
by vostok 9y ago
> Unethical but not a crime. Except for some cases of misselling products, banks playing against the customer etc. Bailout was. I've never understood the argument that betting against your customers should be illegal. If you're
238.
by vostok 9y ago
Even literally asking "can I kiss you" doesn't have to kill the mood. For instance you can whisper it in your love interest's ear rather than bellow it from across the room. I admit that I have rarely verbally asked, but
239.
by vostok 9y ago
To be fair, success has a lot to do with luck, circumstance, hard work, and political/social skills too.
240.
by vostok 9y ago
The important thing about internalization in this context isn't who takes the other side, but the fact that the trade gets done before it even reaches an exchange. You're right that it usually refers to a market maker taking the o

More ›