468 karma · joined August 21, 2014
I have learned that a determined laymen can sometimes outperform an average industry professional in all kinds of areas.
For the record, my website is a front end for a local-only business. Absolutely no reason for anyone outside the US to participate.
A better option is for leadership to enforce culture by reinforcing expectations and removing offending employees if need be to make sure that the culture remains intact. This is a time sync, without a doubt. For leadership to take this on it has to believe that the unmeasurable benefit of a good company culture outweighs the drag on leadership's efficiency.
Company culture is will always be actively eroded in any company and part of the job of leadership is to enforce culture so that it can be a defining factor in the company's success for as long as possible.
But when I want to actually search for content on the web for, say, product research or opinions on a topic, Perplexity is so much better than either Gemini or google search AI. It lists reference links for each block of assertions that are EASILY clicked on (unlike Gemini or search AI, where the references are just harder to click on for some reason, not the least of which is that they OPEN IN THE SAME TAB where Perplexity always opens on a new tab). This is often a reddit specific search as I want people's opinions on something.
Perplexity's UI for search specifically is the main thing it does just so much better than google's offering is the one thing going for it. I think there is some irony there.
Full disclosure, I don't use Anthropic or OpenAI, so this may not be the case for those products.
If you listen to a person describe the way to play as a Tight Aggressive poker player, you will see that the message parallels what Warren Buffett says about Value Investing.
In practice I would guess there would be lawsuits filed immediately to hold up any such activity until he had time to exert control of the board, but it would have been interesting nonetheless.
Hypothetically, if you make $1 in profit on your product, theory says that some competitor will bid up to $0.99 to secure that sale and if you don’t bid this amount also, your sales will suffer.
The end result is that Google and Facebook end up consuming all the profits for a large number of businesses online that have to survive by advertising, which explains Google’s immense profit margins.
Assuming what you say is true, this is truly a ballsy move by McMaster. Betting that their website is unassailable by their competition and thus such a value-add that they can forgo playing the losing game that Google and Facebook has setup is brilliant. I have such respect for that.
If the company goes to 20M in 10 years, that sounds great, but is only a 7% compound rate of growth. I can get that with much less risk by investing in the S&P 500. And don’t discount the risk. It is critical. A small business has a very large chance of 100% total loss. Compare that to the 500 index, which has a very small chance of a 50% loss, max.
To count for risk, I would look for a doubling (10M to 20M) in at least 2-3 years, min.
You also have to think about liquidity. If you want to cash out, who is going to buy your shares at the price you want? This might not be as easy as you might think. I can liquidate 500 index shares in seconds. It might take a year or more to find a buyer for your 10% at the price you want.
Assume paying for others to advertise for you is illegal. What if I hire a large staff to go out and sing the praises of my company? Walking downtown shouting to the rooftops. That is not advertising, right?
What about them wearing a sign so they don’t have to shout? Driving with a sign on a car?
Ok, now suppose some strapping young individual creates a service that pays websites to carve out a little div on their site that will display these employees songs of love? This strapping young individual now sells this service to companies wishing to more easily get the word out to more people. Is this advertising? But I am not paying someone to make the ad, my employees are doing that.
How is this different than my company posting on facebook? Where is the line?
I am not an advertising apologist. I hate ads with the power of a thousand suns. I use an ad blocker. But this idea of making advertising illegal is just a non-starter. It goes against the basic tenants of freedom of speech.
When you say it is “not practical” to go to the town hall, what you are really saying is “my time is valuable and I want someone else to expend their valuable time recording that information and disseminating it to me at low or no cost to me”. Believe me, I understand the desire. But if we were all honest, someone has to pay for this and capitalism has decided that this is the “best” way to do that.
I am willing to experiment in many ways with things in my life, but not WITH my life.
I learned to only used ORM’s for basic stuff, which they are very much useful, but when things got a little bit complicated to drop back to hand coding SQL.
A company like google has a 28% net margin. That means that after paying all expenses for employees and rent and everything, they have 28% left over from revenue as profit. This is very good.
Amazon (being a hybrid retailer/tech company) has 9.29% net margin.
Target has a net margin of 3.84%.
Believe it or not, many public companies have a negative net margin, meaning they spend more than they bring in. Lyft had a negative net margin until just this year. A few years ago, they had a negative net margin of -70%! That means if someone didn’t keep putting money into the company they would have “ceased as a going concern”, as they say. Their most recent year they had a 0.39% net margin. Go Lyft!
To maximize the price you can sell your ‘product’ (you), you should be making career decisions that strengthen your offering. This can be taken too far (those that only look for promotions at the expense of real work), but it can be done ethically very easily.
There is a lot of overhead that goes into running a business, as others have mentioned. Taxes. Rent. Utilities. Licenses. Certifications. HR, testers, project managers, product managers, people managers, directors, marketing, customer service, sales, C suite, and on and on.
I know right now you might be saying “those people don’t even do anything! Developers are the only people making the damn product!”. Again, a business is kind of like a product of its own. It takes many moving parts to take a usable product and get it to market, fight off competition, work with government for regulations (or keep from getting regulated), find and get customers, etc.
Once you try and “go it alone” you will realize that creating the product is only one small part of making a functional and profitable business.
I run a small business. I don’t use half of those roles I mentioned and there is still a lot of overhead. It is very easy to underestimate the amount of extra work involved.
If you hire for identity rather than skillset, you don’t have to manage people. They self-manage. My best managers were ones where the product that they managed was a part of their identity. How it worked. How reliable it was. They weren’t always the smartest people. It often took them longer to solve problems. BUT, they solved them on their own, without me having to supervise. Because they would not give up on the problem until it was solved. To give up would be to admit that their identity was flawed, and that just was not an option.
When you hire people like this effectively as a leader you must really allow them to own it. They must have the responsibility and the authority to make decisions, even when those decisions differ from what decision you would make. Results are what matters.
Steve understood this.
I would argue that it was GREAT for artists and the reason there are so many one hit wonders is that those times opened up and created public appetite for new music. Those artists (who he argues would have had more than one hit) I argue would not have had ANY hits as they never would have gotten airplay to begin with.
How many artists did the Beatles kill? Maybe a better question is – How many artists did the Beatles help produce?
The bad thing? Mag Chloride is highly hydroscopic. You really can’t make it into a pill or they get all weird and goopy. So to get Mag Chloride you have to get it in a liquid form and it is moderately expensive. Worse than the expense, it tastes positively horrid. Still, it has the best impact on my sleep than other forms, so take that for what it is worth.
To go into more detail, it is the type of uncertainty about whether you are actually solving the right problem or if it really is a problem. While what you suggest does help ferret this out, what you are suggesting can also prolong the process of getting the code in front of a real end user to see if they use or adopt it the way you are expecting. It allows you to quickly throw away ALL the code and get to solving the right problem.
Another way to put it, the more the problem space is unknown, the faster you should get the code in front of someone and delay the edge-case discoveries.