wsostt's comments

wsostt | 3 years ago | on: Index funds officially overtake active managers

Clients are heard and in charge. These are smart people who will terminate the relationship if their goals aren’t being met. This isn’t your retirement account. These are accounts in the 9+ figure range.

wsostt | 3 years ago | on: Index funds officially overtake active managers

You’re not considering that a lot of active managers are helping clients define bespoke investment strategies that suit their assets and liabilities. They set a strategy, pick a benchmark, and invest. In some cases, a portion of those investments may be passive instruments and other portions may be research-driven asset allocation by the manager.

wsostt | 4 years ago | on: When hiring developers, have the candidate read existing code

I've been doing this for a long time now. I present the candidate with a function (on paper) that compiles and runs. It does the job but it does everything poorly: an embedded connection string, leaves the connection open, no error handling, bad variable names, no comments, etc... EVERY candidate can find something wrong with this code and the things they pick up is informative. Juniors can find the easy stuff, more senior-level folks find the deeper flaws about the basic structure of the code like figuring that a lot of this is boilerplate that could be implemented elsewhere.

wsostt | 4 years ago | on: Ask HN: Who operates at scale without containers?

Neither by default. I look to be convinced that they've implemented containers because it made sense for their technical architecture or strategy.

I have a vendor who pitched their new "cloud-native" re-platforming project and it really spooked me. It's data management-type tool that was migrating from a traditional on-prem client/server architecture to an AWS-hosted Angular interface with a MongoDB backend. I got the same pitch a year later and the entire stack had changed. I was spooked the first time; now I'm really spooked and thinking about migrating off the platform.

wsostt | 4 years ago | on: Diary of a first-time on-call engineer

The example week is quite concerning. She’s called multiple times for things that have no impact or importance. That needs to be fixed immediately.

My company has strict rules on what is allowed to escalate to on-call and the SLAs to handle that alert. It had to be breaking our overnight batch cycle or we’re not getting up. Brittle processes are stamped out immediately and management backs us up.

wsostt | 4 years ago | on: 20 Years of .NET

Technology is still central to "tech-as-a-cost-center" enterprises. I'm absolutely a cost center and contribute to the firm's market differentiation by using technology effectively.

wsostt | 4 years ago | on: Coding error at Santander Bank put millions into random accounts on Christmas

Banks have provisional accounts which they use to make customers whole. They don’t know where your check went either but they’ll make you whole while they figure it out. Your check will be credited to their provisional account if they find it!

I worked for a large bank and they ran into an “issue” which required making a whole lot of clients whole out of provisional accounts while they figured out what happened. I can tell the balance of those accounts became a metric which many people were evaluated by.

wsostt | 4 years ago | on: Nothing of what makes science work is published as text on the web

Seems likely that the value may only be realized in hindsight. The post-docs saying it would have saved them time don’t say they would have paid before they realized that. I wonder too if the time they spent was more valuable and enriching than whatever this application would provide them. You don’t become an expert without “wasting time” researching dead ends or excruciatingly manual steps.
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