rchi | 13 years ago | on: The Aha Moments That Made Paul Graham's Y Combinator Possible
I had the same experience on fact checking
rchi's comments
rchi | 13 years ago | on: Ben Goldacre: Here’s the foreword to my new book, Bad Pharma
I was taught it costs 100million dollars with one in ten chance of success
rchi | 13 years ago | on: Ben Goldacre: Here’s the foreword to my new book, Bad Pharma
You are proving my point. There are many difficulties to fixing the system. Broken system persists because 'solutions' cannot be easily/successfully implemented.
rchi | 13 years ago | on: Ben Goldacre: Here’s the foreword to my new book, Bad Pharma
I wonder if Goldacre's solutions would actually help. If it's so easy to fix the system, people would have already done it.
rchi | 13 years ago | on: The importance of being prolific
I really enjoyed Simonton's work but was quite surprised by the equal-odds rule you mentioned. It doesn't seem to apply to scientists at the highest level e.g. Einstein.
rchi | 15 years ago | on: Secret Fears of the Super-Rich
because most people secretly desire to be rich - that desire is in our cognitive makeup, so is the desire to bash rich people.
rchi | 15 years ago | on: Secret Fears of the Super-Rich
this is becoming a cliche!
rchi | 15 years ago | on: Taking stock after 13 years
great article. it's refreshing hearing from someone who feel secure about their life.
rchi | 15 years ago | on: Falling Off The Ladder: How Not To Succeed In Academia
Science is not stamp collecting. It's hardly about putting in the hours, and all about originality. Many Nobel Prize winners have hobbies in music or art.
rchi | 15 years ago | on: Falling Off The Ladder: How Not To Succeed In Academia
it's all about originality, which she clearly lacked.
rchi | 15 years ago | on: Costly but worthless gifts facilitate courtship
poems are extremely expensive in terms of time. only those with the sharpest mind can afford to create them.
rchi | 15 years ago | on: Airbnb (YC W09) Grew 800% in 2010
I had similar experience with AirBnb in NY too. It was a week before I wanted to go and it took me about 10 requests to get one that's available.
rchi | 15 years ago | on: Inequality in Equalland
potential counter arguments can be found in daniel pink's interview at econtalk.org
http://www.econtalk.org/archives/2010/08/daniel_pink_on.html
rchi | 15 years ago | on: There is no talent
It's ridiculous to say that there is no talent. obviously, talent, passion, zeitgeist, deliberate practice, luck etc all matter. each factor in your favour nudges your probability towards success.
If we could live for a million years, then talent probably doesn't matter compared to deliberate practice even in fields such as pure mathematics. But life is short and that in many fields, success is relative (ie good is irrelevant, you need to be top 1 %). In those cases, once you are behind, the probability of catching up to other people in your field is slim.
rchi | 15 years ago | on: How to Start a Hedge Fund
it's funny that the reward of starting a hedge fund is 'marry that yoga instructor'.
1. seems like a pretty indirect strategy for getting what you want.
2. quite an insult to the yoga teachers.
rchi | 15 years ago | on: Founding a startup with zero revenue is better than working for Goldman Sachs
The following is from a talk at the New York Public Library.
ERIC SCHMIDT: But in fairness to those people[finance people], had they come to Silicon Valley in 1999 they would have received a far greater payoff during our little bubble. So who are we to criticize the Wall Street folks for having their bubble? It was just a bigger bubble.
WALTER ISAACSON: Do you think though that Google creates something that’s more real than somebody on Wall Street creating a financial instrument?
ERIC SCHMIDT: To be honest, not really. When I walked into the company, I said, “People pay you for this thing, these little ads?”
http://www.nypl.org/sites/default/files/events/live_2009_11_...
rchi | 15 years ago | on: Founding a startup with zero revenue is better than working for Goldman Sachs
What's interesting is that stories like this have been around for decades but never deterred young ivy league grads from joining Goldman when the industry is popular.
Now so many people is quick to criticize the finance industry. Although it's true that the bailout was a great crime, I don't see how lobbyists, pharmaceutical executives and advertisers are much better. These guys get paid millions too...at least Goldman doesn't screw with people's mind.
rchi | 15 years ago | on: No, You can't retire rich at 30 if you sell your startup
1. If 4 mil at 30 is not enough, it would never be enough.
2. Someone with the drive, intelligence etc to accumulate 4mil by age 30 would be extremely bored retiring at 30.
3. There are different forms of wealth (relationships, experiences, reputation, health, intelligence, peace of mind etc), and money is merely one kind.
rchi | 15 years ago | on: Hey, Guys, It's Totally Okay If You Don't Get Rich
on the titanic, 46% of women in the 3rd class was saved whereas only 33% of men in the 1st class survived.
rchi | 15 years ago | on: Ask HN: do I want to work at a trading firm?
how much do a second year trader make at these prop trading firms?
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