> Unit testing (the process of checking small pieces of code to deliver information early and often)
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> Unit testing (the process of checking small pieces of code to deliver information early and often)
> “ So, this is what I think about when I need to push through. I am at the right place because it minimizes future regrets.”
What is the point of it all? There is probably a reason that the “pursuit of happiness” resonates with people more than a saying such as “minimize future regrets.” I’m not saying the author is wrong - minimizing future regrets may indeed maximize long-term happiness - but I can’t help but feel a little bit of hollowness in the proclamation “minimize future regrets.” But if I’m honest with myself, this may be a projection of my negative mood as I deal with a major current regret (divorce). So maybe there’s something to this idea after all?
I suppose my point is that avoiding pain or regret, while perhaps a necessary precondition, is not necessarily the same as the pursuit of happiness or the pursuit of a meaningful life or life well lived.
ETA: I see a link to the 80,000 hours podcast mentioning Ord's book as well: https://80000hours.org/podcast/episodes/toby-ord-the-precipi...
I think about this a lot working in SRE: Disaster avoidance is invisible and often under-appreciated.
I’ve also been reading Toby Ord’s _The Precipice_ and avoiding getting too depressed while in a bit of awe how close humanity was/is to really destroying ourselves.
Maybe Sarah, but I think the book makes at least three good points: (1) It is challenging to get an organization to change and to stop viewing IT/Ops as a cost center; (2) It is critical that IT/Ops understands how the business works; (3) Getting the organization to the point that The Thee Ways of DevOps are implemented requires cooperation between Dev and Ops to create the feedback loops necessary for both improvement of daily work and continual experimentation. This necessitates buy-in from management to try new things.
The book is based on The Goal by Eli Goldrat, and while it may be a bit heavy-handed in the portrayal of some characters, IMO it gets at the point that transforming a company’s culture is hard while also illustrating some of the steps necessary to get there.
Why?
I agree broker-dealers are not fiduciaries, but aren’t zero commission trades for customers better than commissioned trades? And is not about maximizing the payments as the SEC says, it is about the lack of “toxicity” in the orders; the assumption is that trading against retail flow is that it is more valuable to market makers because the trades are less likely to be informed on which direction the market is going to go. This does not mean retail traders are not getting the best price, just that market makers are willing to pay a premium to interact with this flow.
> As I recall, broker-dealers are legally required to get you the best price they can.
With PFOF, broker-dealers are still required to honor the best price posted by the national exchanges as per Reg NMS.
> I'm not convinced retail investors are so dumb that lights and noises make them trade.
Are you sure about that? IMO, It isn’t too dissimilar from making brokerage accounts more like slot machines or candy crush. If you can make something more addictive for your customers to use, it could be a problem. Making it illegal to use push notifications to trigger FOMO seems like an easy move to make on this front.