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muench

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COBRA means you’re still getting insurance through your (former) employer. How much does the same insurance benefit cost if you buy it fully on your own?

In my experience you can’t even buy a similar plan as an individual. And definitely not at the same price.

Yoda conditions 7 years ago

I find this quote very powerful. I'm thinking I could re-use it. Is it yours or if it's sourced from somewhere could you share the source?

The distance from earth to the moon is 384,400 km, and in the smaller detail picture that earth to moon distance is about 23 pixels. Or about 16,700 km per pixel.

And note they describe that small picture as "zoomed in", So I figure 400km is about 23 or maybe 24 pixels at most =D (or a diameter of less than 50 pixels).

Waiting for someone to find an even better estimation!

Even a broken clock is right twice a day. Steve Blank has been saying this since 2011 when the economist hosted a debate between Blank and Ben Horowitz. All respect to Steve Blank though for his other work.

The Economist seems to have broken the link to the content on their site, but below is a video the Economist posted on Youtube and the articles posted on the personal blogs of Blank and Horowitz. https://www.youtube.com/watch?v=AfX9VLsUWwc http://www.bhorowitz.com/debating_the_tech_bubble_with_steve... https://steveblank.com/2011/06/15/the-next-bubble-dont-get-f... http://a16z.com/2011/06/17/debating-the-tech-bubble-with-ste... https://steveblank.com/2011/06/17/are-you-you-the-fool-at-th... https://steveblank.com/2011/06/22/the-internet-might-kill-us...

Killing Off Wasabi 11 years ago

Thank you for the most insightful comment on this story. I find it bizarre that so many are unable to understand that making the decision to 'kill' wasabi today does not necessarily mean that it was a mistake.

This whole story is a fabulous insight into software development for business over the long-term.

Agile is only 12 years old [1], so it might be related to the old programmer joke about HR posting job ads that require 'x' years experience with 'y' year-old tech, for some x > y.

But that's grasping at straws, and if that is the intention it's a really unfortunate way of putting it.

[1] http://en.wikipedia.org/wiki/Agile_software_development

* edited to address the < / > mistake MaysonL pointed out. Thanks!

The link in the original post labeled "high frequency quoting" led to a page [1] that makes a more concrete claim. Basically they say that the NBBO (national best bid and offer) are being manipulated to be small when there is no trading and larger when there is trading.

I think that's at least a little disingenuous though... If there is no trading then it makes sense that bids will be increased and offers decreased in order to 'entice' trades. No trading means the bid/offer are too low/high - basic econ 101.

As soon as there is trading two things happen: 1) bids and offers are hit, meaning they are removed, leaving lower/higher bids/offers as the next best. 2) The HFT algorithms know that when there is a lot of trading they should lower bids and raise offers, because excess demand indicates the bid/offer are lower/higher than they need to be. Essentially, they are realizing that they are leaving money on the table.

This all might look like price manipulation to an outsider, but to anyone that knows what is going on it's just the way markets work. The difference is that it happens a lot slower in markets humans are used to.

In my mind what would indicate a problem is if bids and offers widen AHEAD of trading. This would mean the HFTs are finding out that somebody wants to trade and adjusting their quotes BEFOREHAND. That's front-running and illegal. But I don't see evidence of that here.

[1] http://www.nanex.net/aqck/2685.HTML