dev_jim

8 ms·

1.
by dev_jim 12y ago
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.
2.
by dev_jim 12y ago
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.
3.
by dev_jim 12y ago
Sorry, you are mixing and matching concepts from reading too many articles on HFT. > the dark pool operators make money from the HFT's not in terms of the commission, but in terms of collocating fees, No. Dark pool don't really
4.
by dev_jim 13y ago
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 chaining so try and buil
5.
by dev_jim 13y ago
Get a job in trading and you can change the world.
6.
by dev_jim 13y ago
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 public and raised $2B+ a
7.
by dev_jim 13y ago
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 expectations w
8.
by dev_jim 13y ago
> 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 free
9.
by dev_jim 13y ago
"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 things th
10.
by dev_jim 13y ago
> 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 same arguments b
11.
by dev_jim 13y ago
Common enough. Skills are so specialized thhough that it doesn't always make sense to switch though. Its a different career track, not a promotion. Top end trader will make more but top end developer will make more then the average t
12.
by dev_jim 13y ago
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 you're
13.
by dev_jim 13y ago
> 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 startup
14.
by dev_jim 13y ago
If it trades on the public U.S. equity markets then there's no special information available to accredited investors.
15.
by dev_jim 13y ago
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 of debt caused
16.
by dev_jim 13y ago
Another lazy post voted to the top on HN that beats the same ole lack of profit drum in a rapidly growing company. Where's the comparison to Apple to really drive home the point?
17.
by dev_jim 13y ago
Jeez man, Breaking Bad was just last week. Show a little originality in your postings.
18.
by dev_jim 13y ago
There have been prosecutions in the US and UK.
19.
by dev_jim 13y ago
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 home run for
20.
by dev_jim 13y ago
Urgh. When do we get to the point where I can read HN without a snarky NSA comment being voted to the top?
21.
by dev_jim 13y ago
"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.
22.
by dev_jim 13y ago
Interchange fees would have to be much higher if they were a larger percentage of a credit card company's revenue (as they are for AMEX). This would end up resulting in higher costs for consumers.
23.
by dev_jim 13y ago
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 maintenance. The ca
24.
by dev_jim 13y ago
> 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.
25.
by dev_jim 13y ago
When you are ready to have kids then either your finances have probably improved and you can afford that 2BR or you move farther out to cheaper areas of the city / suburbs. Or be happy with a life without children as a lot of us are.
26.
by dev_jim 13y ago
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 probl
27.
by dev_jim 13y ago
> economic superpower Not that his point is valid, but he did say economic superpower and the USSR was certainly not.
28.
by dev_jim 13y ago
I don't see why he keeps trotting out this thesis that just isn't supported by data. Japan's GDP has been stagnant over the past two decades: https://www.google.com/search?q=japan+GDP Adjusting for working a
29.
by dev_jim 13y ago
"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, can u
30.
by dev_jim 13y ago
"We went through all of this in the Dot Com bubble in the 90s. Most people believed it was OK to invest lots of money in companies without profits" This is silly. Amazon has real revenue that is growing at a fantastic rate. Pets

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