83 karma · joined November 26, 2011
It may feel good to explain why you have no interest in working in a place where egos are based on coding standards adherence, it is better to maintain professionalism.
The real safety improvements will come when all cars are autonomous and they talk to each other.
B. He is not the 1%. If a 1%er kid got pulled over with a bunch of drugs in his pockets it would be a totally different story. He would probably not consent to a search because his lawyer would have already told him not to. Even if he had consented to a search, the cop probably would get a call from the sheriff, governor, attorney general, etc.. telling him that the kid should be let go. Even if the kid was arrested, a team of lawyers would be searching for loop holes and connections to the DA to get the case dropped. Even if the kid was convicted, the lawyers would appeal. And large donations would be made to the election campaigns of govenor,DA, etc.. to try and get a pardon or retrial.
"Oh yeah we can't work this week because the boss told us to throw away our safety glasses. Yes, we saw the UPS truck run into the river that probably had the new safety glasses on them. But we are supposed to do what the boss says"
1. It is harder to attract people to come work for you when you company's valuation is going down. Obviously FB can afford to pay for talent, but that cost just went up.
2. If FB ever needed to get more investment money, people may be more reluctant due to this situation.
3. If your company was getting acquired by FB would you want to be paid in cash or Stock?
It is interesting that you bring up cherry picking because that is exactly how mutual fund companies work. They have a lot of funds, the funds that do well stay around and the funds that do not do well are canceled. This fund that I mentioned is only 8 years old. Knowing which mutual funds are going to produce over 30 years is like knowing what stocks are going to produce over 30 years. You can 'cherry pick' examples for 8% or -8%, but it is crazy to assume that the fund you pick is going to get 5% over inflation over 30 years.
- buying a conservative dividend-paying stock index fund – go to Vanguard.com and start an account to buy some units of the VFINX fund, or if you have a brokerage account you can buy SPY shares. - last resort: just putting the money into a cash account that pays the highest level of interest you can find – Vanguard’s Prime Money Market fund or ING Direct’s Orange Savings Account.
VFINX is a -0.76% for 5 years ING Orange is currently at 0.80%
How can you assume 5% after inflation? That is no different that assuming that home prices will go up by 2-3% a year. It sounds reasonable but there is no way of knowing exactly how that will play out.
These metrics don't mean anything.