johnny4000 | 6 years ago | on: Launch HN: Carve (YC S19) – Rent Cars from Local Dealerships
johnny4000's comments
johnny4000 | 9 years ago | on: At World’s Largest Hedge Fund, Sex, Fear and Video Surveillance
johnny4000 | 10 years ago | on: Proselint
johnny4000 | 13 years ago | on: Bitcoin Is Fundamentally Flawed
Be wary of financial explanations, because in most cases when a business person or economist says its good, they either mean its good for keeping things stable, its good for the elite, or its good for the average person, all of which might not be you. For example, you might see someone on CNBC saying they need to make sure they don't have a disorderly default, but really if you are in a position to take advantage of that temporary disorderly market you could gain from that.
johnny4000 | 13 years ago | on: Krugman's Baby-Sitting Co-op Explains The Design Flaw At The Heart Of Bitcoin
johnny4000 | 13 years ago | on: Krugman's Baby-Sitting Co-op Explains The Design Flaw At The Heart Of Bitcoin
Be wary of financial explanations, because in most cases when a business person or economist says its good, they either mean its good for keeping things stable, its good for the elite, or its good for the average person, all of which might not be you. For example, you might see someone on CNBC saying they need to make sure they don't have a disorderly default, but really if you are in a position to take advantage of that temporary disorderly market you could gain from that.
johnny4000 | 13 years ago | on: The PyCon Incident
johnny4000 | 13 years ago | on: The PyCon Incident
I also don't see an issue with having non-technical attributes being part of the equation in the criteria for selecting a vendor. Price is clearly important, as can be a business' ethics; both are not technology related but can important depending on the circumstance.
Lastly Mandrill does seem like a slightly better product for the cost, but that of course might vary based on requirements.
johnny4000 | 14 years ago | on: The world’s biggest hedge fund, run like a cult
also its not cult like there. cults try to remove you from your previous surroundings and indoctrinate you so serve a leader because they promise you salvation. i was not promised salvation and i was given a pay check and could leave if i wanted to. i will say it is some what like a club in that if you don't fit the mold then you will be fired. by the mold i mean from a business perspective you should act according to proper business protocol (which for them more or less means learn from everyone's mistakes, call out bad business decisions so that others can learn from someones mistake, know your understanding of the market decays so it should always be questioned and updated).
as for the siavosh's comments relating to finance being a "dubious field", i would change that to there are many dubious people in finance. also by dubious i'm assuming he is referring to random walk hypothesis or some such logic. If you look at ren techs 45% return since its inception in 1988 i would not call that dubious, so there are players who understand the market and many dubious people who do not.
i think having a binary opinion about the merits of finance (specifically capital allocation) benefiting society are wrong. You can easily point to bernie madoff and say see...useless! or you can think of all the investors who had the courage and means to invest in apple computers or genentech. was correctly picking to allocating capital to apple a waste of societies resources?
Haven't tried Zip car. Too many NYC Zip car reviews of dirty cars left w/ empty pizza boxes etc and wouldn't want to be in such a small car in a highway in upstate NY.