internetslave

I’m kinda busy to go all into this, but generally people who went to top schools and raise from top vcs gave very good outcomes. The problem is when you lump in people with bad or mediocre career outcomes who try to start a company. The data is very misleading, getting funding from Andreesen Horowitz leaves a huge chance of success.

False. I personally know multiple people that have done it. And I knew them before they got rich

I don’t trust any inflation numbers. Financial asset inflation is out of control

I used to work in investment research in NYC. So I know those types, but the vibe was the same. Maybe I’ve been lucky, but a lot of people I know actually have had startup success. I know a few people that ended up making over 25 million by 30. None of them made it in law or finance, and none of them ever wanted to continue their finance career.

10x the median income just isn’t that much. If you have three kids, money is still tight. I’m arguing that we are all making less and that startups are making people rich because they’re actually getting paid what they produced.

I think there’s a different reason, companies just aren’t paying enough. Wages, even at 150-200k just really aren’t that much. 200k now is a lot less than 200k in 2010. The younger generation intuitively knows this. I don’t know anyone jockeying to climb the corporate ladder, and my social circle spans Stanford grads to no college degree at all. People are starting businesses because working for a corporation day in and out is slavery, you never make enough money to escape the debt of your mortgage. Sure, some FAANG employees do, but the number is small, and with a family, 300k compensation still doesn’t cut it, you will be working forever.

People are getting “rich” from startups because they’re actually capturing the value of their labor, which I argue, used to happen at corporations.

The horror of prisons is tied just as much to the people that occupy them. If there wasn’t so much violence in prison, it would be easier to create a better living environment.

Yeah I agree. For some reason, Red Bull is just better than other energy drinks. The other ones taste “cheap”

For years I’ve seen these hype Julia articles. Yet, out of all the open source, all the companies I’ve worked for, I’ve never come across any valuable system running Julia. I’ve never needed open source and found that only Julia serves the need. I’m kind of tired of programming click bait that ends up on HN. Much like the “front end programming has failed” article that is popular right now. It’s all for clicks. The reality is mainstream programming paradigms are effective and work.

Haha I appreciate this response.

Commoditization of deep learning models and maturity of architectures that remove the need for expert tuning. NLP will see the most progress, with things like question answering becoming more automated. No true conversational ability, as the model can’t “reason”, but can trick you for a bit, till you realize the facts it spits out don’t work together.

Information retrieval and structuring will get really good.

I don’t know why you’re being downvoted. To get really good at programming takes a lot of alone time

Basically the me too movement and the way in which men cannot defend themselves from sexual accusations back fired. Very predictable that this happened, there’s no easy solution.

More engineers than you think are making a million or two, it’s just not really talked about.

Yup. My opinion has long been that the only thing that will take down google is a massive increase in NLP, such that the historical click data can be outperformed by a straight up really good NLP model

IIT is a complete waste of time. You guys force your youths to spend their lives memorizing.

Homes this is a great idea.

I’m all ears if you’ve got something interesting and lots of equity? I work at Amazon, lots of experience with the cloud, scale, computer science etc. 6 years experience as a dev.

If you want to pass the interview, get an adderall script. You will crush leetcode.

Thanks for sharing

Just put 50k in TQQQ and walk away. Come back in a decade. Last decade it returned 70x. Likely that won’t happen again, but Id bet my life it goes up at least 15x. Just leverage the index.

Leverage the index is just a dumb strategy that works. If you bought TQQQ ten years ago, you made more than 70x your money. I bet you the next ten will also see wild returns.

I used to work in finance. I’m sorry that you’ve been reading that index funds are the end all be all, but they’re really for people with no time or no brain cells.

If you were leveraged in March and held through the draw down, you are massively up.

NYC is full of prop shops with a few employees making 100% returns on a five million dollar portfolio. Just because you’ve never heard of those places doesn’t mean they don’t exist.

Stop polluting the world with your middle class ideas of money management

Enough of this nonsense. Plenty of people make money. Apply leverage to the SPY, your returns wildly outpace index returns

I’ll be honest, I’m so tired of this attitude that the average joe shouldn’t be actively trading. Getting high returns with billions of dollars is hard. Doing it with hundreds of thousands is much easier. It’s brainwashing to say otherwise. You can’t compare the two, or listen to experts from the former. It’s a completely different discipline.

No. Some portfolio managers are just good. This whole no one can beat the market is non sense.

This is false. If you work in the industry there are consistent winners.

He also shorted Tesla

I think psychedelics will ruin the minds of many teenagers. They should never be legalized. Anyone who has spent time around people who used them in their youth knows this, we don’t understand how they affect brains

Life is short, political leanings aside, Rest In Peace rush

Amazon has a team of like 50 researchers working on solving this problem.

Nausea by Sartre.

It resolved my existential crisis. Well worth the read, great literature