1,508 karma · joined January 28, 2016
> [I] am now in a graduate CS program, I feel like I’m missing the deeper understanding of many of the formulas that are presented
> My plan is to get through it to get some background on the main ideas of calculus
I think you have to take it on a case-by-case basis and you can't make a general claim. On balance, free markets have probably caused more cartel-like behavior in my industry but abandoning free markets would be strictly worse than the mix that we have now.
If they're not the smarter analyst then yeah they're going to lose i.e. not outperform the market. Of course that doesn't mean that they'll lose money.
https://news.efinancialcareers.com/ru-en/311356/salaries-and...
You can also reduce how much you eat for your fun meals, but changing the boring meals makes a difference even if you don't.
Quite a few of the people I've interacted with were contractors. You can sometimes tell from their email signature even if the email address is @bank.com.
Just for context, do you happen to know the change in life expectancy at age 30 over the relevant time period?
I would be surprised if the $57k figure was accurate for people living in major cities.
I would also be surprised if the average CS graduate is competitive enough for roles in major cities. The most desirable roles are only going to be realistic for the most qualified candidates.
I've edited my comment to clarify.
If anything, this comment is out of touch with reality as it stands for most software developers in the US.
The median salary for a software developer in the US is over $100k. In Silicon Valley MSAs it's even higher of course.
The median income for similar careers like computer programmer is also very high even if it's less than $100k and those careers cover far fewer people anyway.
Other fun things are enforcing the noncompete at the employer's discretion. You never know if you're out for a month or a year and they can change their mind mid way through.
One can find articles that seem to imply the opposite.
> A few of Mr. Myhrvold’s microwave recipes — an eggplant Parmesan, which purports to turn the vegetable creamy instead of rubbery, and a steamed chocolate sponge cake — echoed ones I had seen before. (Mark Bittman has written in The New York Times about using the microwave to make several dishes, and “Eleven Madison Park: The Cookbook” includes a recipe for microwaved pistachio spongecake.)
https://www.nytimes.com/2013/01/09/dining/microwave-cooking-...
I might be missing something, but isn't opportunity cost a good argument for HFT?
HFT employs far fewer people than pre-HFT trading that came before it.
Isn't this "just" a matter of getting leveled at L6/65/etc as opposed to applying to an advertisement that's only looking for staff level engineers?