141–150 of 177 posts
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When FB took it's huge hit I saw people using MANGA. But again if we drop the N...not great.
FAGMAN is still my favorite.
Same as FAANG to FAAG, shocking but a touch funny.
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I’m curious about the “repurposed flags” part. I wouldn’t think of flags as expensive / effortful to make more of, but clearly they must be if people are tempted to reuse them. Can you help me understand what is meant by a flag in this context, and why it would be repurposed?
Repurposing flags not always well-motivated, but one legitimate reason to do this is the memory (and particularly cache) footprint. Often flags are local to a particular object. If there are lots of such objects, you want each to take as little space as possible. You should check out the contortions linux devs go through to make struct page small [0]. This is important, because there is one such struct per page of ph…
However, you can still do something about making this safe. For instance the program could do some sort of version check on startup and panic if things weren't correct.
There's a bunch of stuff that needs to be done before the program reaches its low latency steady state, where speed doesn't matter. Might as well add checks there to make sure things are correct.
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Why pay more than market rate of a replaceable ML person? Is there any realistic path for a demonstrably smart and hardworking person into that 7+zeros club? Evidence suggests no: leetcode grinders and FAANGers are not in that club, and most of them will never even make it into the 6+zeros club. Net wealth -- sure, but not income.
It's all about making $$ for the firm. If the strategies developed are very profitable then 7-figures is definitely reachable for the researchers at a prop trading firm.
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Chiming in as someone who has lived decades in both South East US and North East US. I've also never heard () called "brackets" only "parentheses". This includes in and out of programming circles. I assumed the comment saying "parens: ()" was talking about US, but the replies seem to be interpreting the opposite.
Never? You guys don't use the BEDMAS acronym in grade school for teaching order of operations? I've only ever called them brackets.
> However, a dark cloud remains: market data suggests that 70 percent of U.S. equity trading is now executed by high-frequency trading firms Is it just me, or was this one of the scarier statements in the article? High frequency trading does not seem to add anything, it's not a market instrument to balance anything. It's more like gambling with the odds slightly in your favor. Oh course, I'm a laymen when it comes to…
My experience in quant finance is that strong engineering teams are viewed as cost centers and are not well compensated the way they are at “real” tech companies, especially when the firm isn’t doing well. Management foolishly tends to only value seeking alpha, rather than reliability of existing alpha. Unsurprisingly poor management tends not to realize when their software is built on a house of cards. Definitely sa…
Culturally, there's some truth in what you say though I think: alpha generators are probably more respected and are pulling more TC in good years.
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Yeah, pay at the big banks is shit really, especially when you consider the utter lack of work/life balance. I left in 2013 making 150k, which was supposed to be supplemented by a ~40% bonus for the level I was at, but each year was "well its been a tough year..." and after getting a token amount one year, and then zeroes the next 2, after working 50-60 hour weeks, I was like I am not only done with this place, but t…
I spent a few years at an investment bank, not in the US, and the only people on serious money were some of the top managers. But my overall opinion of these people were that they did very little but the lower downs I met were some of the most talented people I ever worked with. The top ones would spend all their time traveling the world to the offices and meeting with staff in each location and the sending emails to…
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Never? You guys don't use the BEDMAS acronym in grade school for teaching order of operations? I've only ever called them brackets.
BODMAS for us...