1) Deals can always fall apart. 2) Shorting isn't free. It will costs money to borrow the stock. You have to borrow it for more than 6 months until the deal closes.
Cringely should stick to commenting on tech as opposed to the validity of raising debt to do share buybacks in a low interest rate environment.
I agree. It helped me when I was a bit rusty with data structures and was looking for a new job recently. And if you can try and re-implement the data structures in a different way. For example, the JDK HashMap uses…
Get a job in trading and you can change the world.
How does Wall St always seem to end up with the blame on these threads? They priced the Facebook IPO too high and they get the blame, they priced the Twitter IPO too low and they get the blame. The company just went…
Bonus is part of an overall compensation package. Its not payment for 'overtime'. Its just a different risk/reward calculation then only salary. The key point in all of this is to have a mutual understanding of…
> that consistent hard work generally results in rather substantially increased compensation and opportunity in the long term. I agree. I don't think I'd be in the same place in my career today if I had a "working for…
"Working for free" after 40 hours never resonated with me. It comes out of hard fought labor battles, but an assembly line is difficult to relate to when I'm eating free snacks in my comfy Aeron chair and working on…
> I have a finance background and previously worked for UBS and in retail and wholesale stockbroking. I fully understand the role of, say, market makers in the financial system (ie providing liquidity). > I hear those…
The closer to the trade you are the higher bonus is as a percentage of your total comp. I did mention "front office" in my original post. - Infrastructure is vital to most trades. Bonuses are going to more than 30% if…
> For any job that you're likely to get in your 20s, NYC finance jobs pay worse, have far longer hours, and are much more high-pressure. If you're working in the front office then your pay is going to be a multiple of a…
If it trades on the public U.S. equity markets then there's no special information available to accredited investors.
Those movies were addressing a contemporary phenomenon when inequality took off again after being relatively dormant since the 1920's. A combination of deregulation, a reduction in top tax rate, and demand for all kinds…
Jeez man, Breaking Bad was just last week. Show a little originality in your postings.
This is awesome. I use Twitter everyday in a way that can't be replicated by any other service out there - there's zero competition. Once they really figure out monetization, as Facebook eventually did, it will be a…
Urgh. When do we get to the point where I can read HN without a snarky NSA comment being voted to the top?
"That's a circular argument" If it sounds like a circular argument to you then that's because economics involve systems of feedback. It's not as simple as A causes B. A has an effect on B which has effect on A. This…
A $900k home is ~$3,600/month P+I after 20% down. Considering that principal is actually savings and you can deduct X% of the interest, you are looking at a true effective cost at under $2k + real estate taxes and…
> Uber is 15% cheaper than cabs in the market's their in. This is just false in NYC. Yellow cabs are 1/3-1/2 the price.
I guess I don't see why options 2 or 3 are that bad, but either way, there isn't going to be a brain drain as long as the job market is good. New York, even at twice the expense (600k 1-BRs, sign me up!) doesn't have a…
> economic superpower Not that his point is valid, but he did say economic superpower and the USSR was certainly not.
"Only if you sold the stock at that price." Nope, you don't get to redefine a return as only realized gains. This is a very liquid and can be sold at anytime. I can borrow against it in my portfolio to get a mortgage,…
As with most libertarians when you point out fundamental flaws in their reasoning, they deflect the conversation and try to talk about an ideal as opposed to anything based in reality.
This is a good example of why very few libertarians exist in NYC. Fantasy solutions like a thousand different HOA's to plow the streets just don't make much sense when you think about 8 million people spread across…
> MMM being rich just seemed obvious to me, Do you actually believe he is rich or are you just saying this to be contradictory? You make a big deal of owning his home outright, but it's actually not that much money when…
1) Deals can always fall apart. 2) Shorting isn't free. It will costs money to borrow the stock. You have to borrow it for more than 6 months until the deal closes.
Cringely should stick to commenting on tech as opposed to the validity of raising debt to do share buybacks in a low interest rate environment.
I agree. It helped me when I was a bit rusty with data structures and was looking for a new job recently. And if you can try and re-implement the data structures in a different way. For example, the JDK HashMap uses…
Get a job in trading and you can change the world.
How does Wall St always seem to end up with the blame on these threads? They priced the Facebook IPO too high and they get the blame, they priced the Twitter IPO too low and they get the blame. The company just went…
Bonus is part of an overall compensation package. Its not payment for 'overtime'. Its just a different risk/reward calculation then only salary. The key point in all of this is to have a mutual understanding of…
> that consistent hard work generally results in rather substantially increased compensation and opportunity in the long term. I agree. I don't think I'd be in the same place in my career today if I had a "working for…
"Working for free" after 40 hours never resonated with me. It comes out of hard fought labor battles, but an assembly line is difficult to relate to when I'm eating free snacks in my comfy Aeron chair and working on…
> I have a finance background and previously worked for UBS and in retail and wholesale stockbroking. I fully understand the role of, say, market makers in the financial system (ie providing liquidity). > I hear those…
The closer to the trade you are the higher bonus is as a percentage of your total comp. I did mention "front office" in my original post. - Infrastructure is vital to most trades. Bonuses are going to more than 30% if…
> For any job that you're likely to get in your 20s, NYC finance jobs pay worse, have far longer hours, and are much more high-pressure. If you're working in the front office then your pay is going to be a multiple of a…
If it trades on the public U.S. equity markets then there's no special information available to accredited investors.
Those movies were addressing a contemporary phenomenon when inequality took off again after being relatively dormant since the 1920's. A combination of deregulation, a reduction in top tax rate, and demand for all kinds…
Jeez man, Breaking Bad was just last week. Show a little originality in your postings.
This is awesome. I use Twitter everyday in a way that can't be replicated by any other service out there - there's zero competition. Once they really figure out monetization, as Facebook eventually did, it will be a…
Urgh. When do we get to the point where I can read HN without a snarky NSA comment being voted to the top?
"That's a circular argument" If it sounds like a circular argument to you then that's because economics involve systems of feedback. It's not as simple as A causes B. A has an effect on B which has effect on A. This…
A $900k home is ~$3,600/month P+I after 20% down. Considering that principal is actually savings and you can deduct X% of the interest, you are looking at a true effective cost at under $2k + real estate taxes and…
> Uber is 15% cheaper than cabs in the market's their in. This is just false in NYC. Yellow cabs are 1/3-1/2 the price.
I guess I don't see why options 2 or 3 are that bad, but either way, there isn't going to be a brain drain as long as the job market is good. New York, even at twice the expense (600k 1-BRs, sign me up!) doesn't have a…
> economic superpower Not that his point is valid, but he did say economic superpower and the USSR was certainly not.
"Only if you sold the stock at that price." Nope, you don't get to redefine a return as only realized gains. This is a very liquid and can be sold at anytime. I can borrow against it in my portfolio to get a mortgage,…
As with most libertarians when you point out fundamental flaws in their reasoning, they deflect the conversation and try to talk about an ideal as opposed to anything based in reality.
This is a good example of why very few libertarians exist in NYC. Fantasy solutions like a thousand different HOA's to plow the streets just don't make much sense when you think about 8 million people spread across…
> MMM being rich just seemed obvious to me, Do you actually believe he is rich or are you just saying this to be contradictory? You make a big deal of owning his home outright, but it's actually not that much money when…