technofire | 7 years ago | on: Classic Mathematics Books for Lifelong Learners
technofire's comments
technofire | 7 years ago | on: Two in Three Americans Now Support Legalizing Marijuana
technofire | 8 years ago | on: Blue-collar wages are surging. Can it last?
For those of us who are unfamiliar or ignorant about this, which parts of the Southeast are most prosperous?
technofire | 8 years ago | on: SQL Operations Studio
technofire | 8 years ago | on: Ask HN: Anyone getting sick of all the 'web apps'?
Well, pulling some JSON via AJAX and updating a small part of the page is faster than reloading the entire thing.
technofire | 8 years ago | on: Ask HN: Is it too late to get into Bitcoin or cryptocurrency in general?
technofire | 8 years ago | on: The Crash of ’87, from the Wall Street Players Who Lived It
technofire | 8 years ago | on: The Crash of ’87, from the Wall Street Players Who Lived It
technofire | 8 years ago | on: The Crash of ’87, from the Wall Street Players Who Lived It
Most transactions in the market are not gambling. Trades happen, yes, but that is because the prospects of companies are continually changing. When it became apparent pretty much everyone would move to Netflix and streaming video, would you want to continue holding Blockbuster stock? No; you would want to sell it.
People who simply "gamble" in the market lose money about as often as they gain it, and soon stop. Hedge funds and mutual funds generally try to invest in shares on a longer-term basis rather than continually trading them; trading incurs transaction costs, and if an investment was correct and is generating better-than-benchmark returns there is no reason to sell it.
The "day trading" books you might see at your local Barnes and Noble are get-rich-quick books and are not representative of the actual professional investment industry.
technofire | 8 years ago | on: The Crash of ’87, from the Wall Street Players Who Lived It
Actually, most people could not directly purchase their shares if we didn't have a stock market. Companies in general would be owned only by relatively wealthy people or by other companies. Stock markets allow more ordinary people to share in the profits of companies. They democratize the ownership of the means of production in society.
> (which they offered to gain temporary income to make purchases before their cash flow allowed)
The income raised by stock offerings is not temporary; it is not a loan to be paid back. That capital becomes part of the company. The company might use that to purchase assets that stay part of the company or to buy inventory which it will then sell resulting in getting that money back plus profit.
> Once the business sells a portion to investors, those portions can be resold.
Without a stock market, they could not be resold without great difficulty. Investor A, who wanted to sell his share, perhaps after new management had taken over and was now driving the company into the ground, would have to find other another investor, Investor B, to buy it, and if Investor B didn't want to purchase the exact amount Investor A was selling at a mutually agreeable price, Investor A would have to begin a new search to sell the remainder of his share. This is one way liquity is such a big help.
> making me wonder how it was ever allowed.
The buying and selling of things has never needed to be explicitly allowed; in most modern nations, individuals are free to buy and sell things they own.
technofire | 8 years ago | on: Paying top employees the highest salaries in the market
technofire | 8 years ago | on: Three Paths in the Tech Industry: Founder, Executive, or Employee
I'm curious to know what your current thoughts are behind this. As someone who intentionally has steered clear of both those areas in order to try to optimize financially I sometimes wonder whether I'm missing out on something. Obviously one can learn more from better engineers, but don't the brightest ideas from the brightest engineers wind up being written about online and/or presented at conferences at user groups and broadcast across the Internet? Or does having the opportunity to put time into a name-brand tech company for a while really increase lifelong salary or career prospects sufficiently to recover the money thrown away on rent there? Or is there really sufficient value in serendipitous collaboration/socialization to justify moving to one of these places? Is there some other question I've overlooked?
technofire | 8 years ago | on: Facing poverty, academics turn to sex work and sleeping in cars
technofire | 8 years ago | on: Facing poverty, academics turn to sex work and sleeping in cars
Interesting; this contrasts with the claim of liberal arts graduates who maintain that simply being competent critical thinkers is all that's required for almost any job.
technofire | 8 years ago | on: Paying top employees the highest salaries in the market
In essence we are talking about training new people and so this opinion seems selfish and unethical with respect to one's obligation to the firm.
The senior person should sacrifice some productivity until the new people are up to speed so that eventually the team has 5 senior people instead of one. If the new people are forced to figure out everything on their own, they might be only 5% as productive as they could be for perhaps their first 1-2 years. If the senior person simply gave up 20% of his time in order to answer questions for the first couple months, these 5 new guys likely would be closer to 80% productivity, representing a huge net gain in aggregate.
technofire | 8 years ago | on: How Did Marriage Become a Mark of Privilege?
From the article:
"The decline in marriage was not offset by more couples living together."
technofire | 8 years ago | on: Facebook, You Needy Sonofabitch
Have a look at Me (menu) > Settings & Privacy > Communications (tab) > Email frequency (controls not only overall frequency but frequency per message type, i.e. group message notifications, invitations, job notifications, connection update notifications, etc.).
Also, you can entirely disable classes of notifications you no longer want to receive/see (even when you're viewing the site) by going to the Notifications tab, then clicking the context menu ("...") on a given notification and selecting "Turn off" (stop receiving this type of notification) or "Unfollow" (stop receiving updates from the given source).
technofire | 8 years ago | on: Higher Education Erodes
technofire | 8 years ago | on: Blum: “The proof is wrong. I shall elaborate precisely what the mistake is.”
https://cstheory.stackexchange.com/questions/38803/is-norber...
technofire | 8 years ago | on: Blum: “The proof is wrong. I shall elaborate precisely what the mistake is.”
https://cstheory.stackexchange.com/questions/38803/is-norber...
[1] https://jeremykun.com/
[2] https://pimbook.org/