mathattack

7 ms·

1.
by mathattack 18d ago
Yes. For Iceland it was different than the Mortgage crisis elsewhere. (It was currency gambling)
2.
by mathattack 18d ago
Iceland had a debt crisis from 2008-2011. Part of the issue is the currency is small relative to global markets, so investments/speculation/shocks from elsewhere have an outsize impact. https://en.wikipedia.org/wi
3.
by mathattack 28d ago
Yes. Especially true when the results are unpopular, and contrary to the internal message. “Accenture tells us we have 50% more middle managers than our peers” or “Bain tells us our customers don’t like us despite the internal CSAT scoring
4.
by mathattack 2mo ago
Also a single person for the board to hold accountable. In essence the individual that represents the company to outside groups. It doesn’t have to be this way. Other working cultures have adopted committees as the top. Is is the dominan
5.
Roman Empire GDP per Capita Map Shows That Romans Poorer Than Countries Today(brilliantmaps.com)
5 points by mathattack 2mo ago|3 comments
6.
by mathattack 2mo ago
They were ahead of the industry in Marketing but not in reality. Having AI and an army of consultants is the market standard today. This is because it works. IBM slapped Watson on everything, and claimed a ton of revenue. In reality they h
7.
by mathattack 2mo ago
This shouldn’t surprise anyone who has dealt with IBM over the past 10-20 years. 1 - IBM audits your company’s software usage. 2 - They find a couple servers that someone forgot to turn off a decade ago that nobody uses. 3 - Since it was fo
8.
by mathattack 2mo ago
In addition to what others say, the potential for profiting later increases the initial price. Think of it this way… let’s say two identical companies are going to IPO. Company one you can sell the shares for a profit later if you like. C
9.
by mathattack 2mo ago
This shouldn’t surprise anyone who has dealt with IBM over the past 10-20 years. 1 - IBM audits your company’s software usage. 2 - They find a couple servers that someone forgot to turn off a decade ago that nobody uses. 3 - Since it was fo
10.
by mathattack 2mo ago
The price tickets sell for will be higher if scalping exists. Demand increases for 2 reasons: 1 - I’m more likely to buy a ticket or pay a higher price if there’s a chance of turning a profit if I can’t go. 2 - Speculators are more likely
11.
IBM stock drops the most since 1987(finance.yahoo.com)
9 points by mathattack 2mo ago|2 comments
12.
by mathattack 2mo ago
And he closes [2] with “May the force be with you” Very interesting that he seems to be in the camp of “It’s ok if the machines prove it as long as we can understand and formally verify it after.”
13.
by mathattack 3mo ago
I’m not sure I follow.
14.
by mathattack 3mo ago
You’ve hit on a big reason - short term gains. The partners at Accenture, Infosys and the rest circle the execs at old industry companies. The companies start performing worse, though nothing some accounting gimmicks can’t cover. Then th
15.
by mathattack 3mo ago
Interesting as companies like Ford like to show they’re on the leading edge of AI, but do they really have the capabilities and 10x engineers?
16.
by mathattack 3mo ago
Sort of. They can use the debt to grow, in which case they’re betting that they will get more profit than the principal plus interest payments. (Beating a 4% return on the loan, not the whole company) They could also use it to change the
17.
by mathattack 3mo ago
It’s not just yield. Its debt gets paid first. And if you miss the interest payments the debt holders get the company.
18.
by mathattack 3mo ago
If you’re profitable and can pay it back, it’s better than equity. If there’s any financial risk then it may not be worth the potential loss of control.
19.
by mathattack 3mo ago
Yes. Though even more than the US, their engineering talent from top schools heads into consulting and finance.
20.
by mathattack 3mo ago
I couldn’t believe this the first time I heard it. This isn’t new, it goes back to the 90s. Perhaps longer.
21.
by mathattack 3mo ago
He’s writing satire about AI, no?
22.
by mathattack 4mo ago
The question is are we more like farm workers who will be unemployed because of the farm or accountants who become much more valuable and high paid because of the spreadsheet? And I am grateful for not working on a farm, it’s hard work!
23.
by mathattack 4mo ago
Yes. And gut support too. The only consolation is that the software still exists.
24.
by mathattack 4mo ago
It’s not necessarily the sale. Some private equity companies move from “Let’s invest like we’re shooting for the moon” to “Let’s invest like we want to improve margins and flip this on 3-5 years” It’s not inherently wrong but it is a differ
25.
by mathattack 4mo ago
Interesting. My observation on IBM is their entire business model is: 1 - Audit your customers 2 - Buy back shares 3 - Force early retirements It was easy to see why Watson failed in that environment. The revenue was “We’ll let you out of t
26.
by mathattack 5mo ago
I find it interesting how old brands are being rebooted. Andersen Consulting is back. If you can resurrect Old Spice, why not try it elsewhere?
27.
by mathattack 6mo ago
I tell them “no idle conversation or verbal tics” in the instructions.
28.
by mathattack 6mo ago
It’s gotten somewhat better over time though clearly not their top priority.
29.
by mathattack 6mo ago
It can synthesize and summarize many topics. For example, I can give it 8 papers on best practices in online marketing, it will turn it into a 20 minute podcast. There are errors, but also with real podcasters.
30.
by mathattack 6mo ago
I used it most key to learn about history. There isn’t much damage if it got 1600s or 1700s detail wrong. My high school teachers got much of it wrong too.

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