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Yeah the problem is that the average rat lives for less than four years, which doesn't let them see multiple market cycles. We must selectively breed or biologically engineer longe…

Yes they have done great work and discovered some really cool stuff, but they have not been able to commercialize it. That's what a CEO/management chain should ultimately be measur…

Those kinds of people are generally stuck at a lower level. L7/8/9 is very much a political game. To get there (generally) you need to make your entire org/company look very good, …

A shell of Allston (formerly big Java shop) lasted until last year.

Yeah, Jump got on the map by being the first Chicago prop shop with a microwave line between Chicago and New York. They dominated the equity basis trade for a while. Keeping your n…

Monday.com spent $191 million in marketing to get $161 million in revenue in 2020. Granted they are only spending $1.2 in marketing per dollar in revenue now so they are doing bett…

I'm probably not understanding something. How is $250k ARR enough to build a team with? I would think you would need to be a magnitude higher at least to support a team off of that…

Humanity's colonization of the stars will eventually be spurred on by the desire improve the resiliency of SaaS.

You don't have to go that far. You could also have automated roll-back of individual servers if they sense something is off, for instance. Another alternative is low bandwidth flag…

Potentially leaving them open to the pettiest securities fraud suit ever.

There's an In-N-Out on the north side of SF and Chinatown has a ton of cheap eating options. You can eat for cheap in either city.

Looks like the PyMC maintainers are taking over Theano (but only as it helps PyMC): https://medium.com/@pymc_devs/theano-tensorflow-and-the-futu... There is a PR to get TensorFlow …

Blind belief in credentials is just as wrong in nutrition science as it is in tech. Check out this amazing paper re-inventing calculus: http://care.diabetesjournals.org/content/17/…

Why not both? I am not in academia but I was under the impression that some academics might be publishing 'questionable' results that cannot be reproduced at all in order get their…

Heh it's options writers or buyers (just options market makers in general). A lot of stuff is electronically traded but there are still some very large orders with huge deltas that…

Yup, orders that are placed well outside the bid/ask just fill every order in the order book until they are filled. It's commonly called sweeping the market and happens on 1-2 tick…

I think Josu was actually correct and you two are talking about two different things. Josu is saying that if the purchasers cannot find another (greater?) fool to flip the company …

Ah, I think I was not terribly clear when making my point. I don't think that candidate scores are static and, even if they are, there's a significant amount of measurement error n…

I liked the part about internal recruiter's incentive structure. It's basically the old standby that nobody ever gets fired for buying IBM. This implies to me that there's a huge a…

Companies in the second category are going to be in the market for lemons. Company A has inside knowledge of how each employee is performing and can easily match a price increase f…

But when you rent you have the option to move to another city if you don't like how your tax dollars are being managed. Especially when you are retired/unemployed and thus don't ha…

The compensation part is actually really interesting. My particular industry is notorious for using really strongly worded non-competes. Those don't fly at all in California but th…

I agree with you on back-testing. Trying to model order book dynamics across multiple exchanges accurately is something of a fool's errand (especially in pro-rata markets). Running…

Valuing companies based on revenues is a bit of a stretch in my mind. Actual income/earnings/cashflow makes a lot more sense. If you don't take into account expenses then you get s…

The coal miner strikes are fascinating (and the teamsters). During WW2 the continental US was bombed (pretty uneventfully) by the Japanese: http://en.wikipedia.org/wiki/Nobuo_Fujit…