757 karma · joined March 18, 2009
EDIT: Also, if I was interviewing you, I would push you pretty hard on some of your "interests". Quantum physics? Awesome demonstration of well-roundedness if true, but... could you walk me through (e.g.) the time-independent Schrodinger equation?
FURTHER EDIT: I think there are a couple punctuation issues in this sentence: "I have held an interest in marketing since high school when I founded my cities first youth filmmaker’s festival." I know these are all minor points, but I'm hoping you'll find them helpful.
In NPR's case, I'd say: (a) it looks like they worked directly with the seller, not with a bank/broker/dealer, and (b) their foundation has $250MM of assets, so they're not exactly a small fry (http://www.npr.org/about/statements/fy2008/fy08nprfoundation... [pdf]).
The maid's choice to be a maid reveals that the job is preferable to whatever is his/her next best option.
If the shareholders are happy with management (and they should be, as JPM and GS are the undisputed winners of the crisis), then why shouldn't they pay them competitively?
It's easy to argue that Blankfein and Dimon are adding much more incremental value than they take in compensation. So everybody is incented to pay them enough to keep them...
It might be true that they're doomed as long term investments, but if you buy a diamond for a fair price (e.g. at Blue Nile), I'd expect you to be able to turn around and sell it for >75% of what you paid.
"Imagine a classroom where one kid raised his hand after every question and screams out the answer. He may not be smart or even right, but he makes it difficult to hear anybody else."
Also, Apple might be strategically happier working with Microsoft than Google right now.
That's quadratic, but definitely not exponential, and doesn't really look like the curve he drew.
I know the guy's argument doesn't really depend on the shape of the curve, but it's a pet peeve of mine that exponential growth is always presented in an inaccurate way.
EDIT: fixed embarrassing calculus error
The entire US financial industry uses Windows desktops and will for the foreseeable future, but adoption of Vista, Windows 7, and Office 2007 has been (anecdotally) pretty negligible.
I imagine that their future profits are in trouble if they can't innovate enough for users to even upgrade their products.
For example, while I certainly don't have the right to demand identification from a random person on the street, I better have the right to demand identification from a police officer giving me an order.
The ire in Paulson's quote is directed not against speculators generally, but speculators who don't live up to their agreements when things move against them.
That's not really something Goldman is guilty of. ...As much as people would like them and everyone ever associated with them to be guilty of everything.
d) He doesn't give himself any credit for being able to selectively meet people close to his age and education level.
a) He says .0014% when he means 0.14%.
b) He interprets "X% of Londoners fit my criteria" as "on a given night, I have X% chance of meeting someone fitting my criteria". Apparently on a given night he meets exactly one randomly-sampled Londoner?
I swear that, at least in parts of SF and NY (not trying to push geographic stereotypes, these are just the places I have personal experience), geekiness is even cool. If you work too hard hiding it, you will have trouble finding these places.
For a large number of processors on the right tasks, just getting instruction level parallelism (e.g.) is not even tiny bit as good as using an optimized algorithm.
I'd put both words -- "the terrorists" -- in quotes. There definitely are individual terrorists in the world, but the notion of a unified red team of "the terrorists" has motivated a lot of bad decisions.