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palewery

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I do think there is a bubble of people hyping startups. Facebook got a stupid valuation and everyone started reporting that the 1999-2001 bubble was back. But that was just Goldman Sachs bullshitting everyone. It doesn't mean every startup has a stupid valuation now.

Can you explain why someone would leave that much money in there? Are there tables that you can bring 250k to? Do these sites pay interest?

How do you trust these sites? A casino in Las Vegas will get huge fines if one of the employees rips off players. How do you know some internal IT guy isn't cheating you?

You don't know the value of employee X until after he has agreed to compensation and joined the company. If he joins and never completes a single task he is assigned, then yes the founders were 1000x more valuable. If he joints and is able to find 10x more customers than you had before than no he is not 1000x less valuable.

Poll: Tech Bubble? 15 years ago

Is the valuation of FB, Twitter reasonable or is there a lot of money moving in based on self-fulfilling speculation that this is "the next big thing"?

If your perception of offshoring is "lets hire developers in country X and save 40% because developers make 40% less there." Then the answer is NO. Even if you can find the perfect employees that will do great work for 40% less it is only a matter of time before they will find better paying jobs, and that turnover will kill your 40% savings.

If you can decode a way to 'beat the market' that means once you start beating the market someone else is loosing. They will adjust their trading techniques and your "algorithms" are now wrong

Attitudes like this are why I did CompE instead of CS. Yes you do learn OO in early CS classes, however you can use procedural programming in the real world to get excellent results. It is "bad code", but a lot of coders are interested in results more than "the current landscape of programming".

Facebook is very similar to vmware. I expect it would follow a similar path in stock price. Currently vmware is trading at 140 p/e ratio. People are afraid to miss the next Google, Microsoft, etc.. SO they are willing to buy the latest trend. If facebook made $2 a year off 300M users they would have a market cap of 60B with a 100 P/E ratio.

Is there going to be a time in the next 5 years where most people change their views about the [usefulness/profitability] of [investing/creating/buying] [housing/start-ups/restaurants]?

If your answer is yes then there is currently a bubble.

I hate to say it but I would use this if my peers were just my Facebook friends. not that I don't trust 1024 bit encryption, I just don't like my info on strangers boxes even thought it is encrypted

I wonder if it would be called innovation if we called these 'Products' what they really are. CDO='insurance on loans', Synthetic CDOS = 'making bets on other people's loans' When Las Vegas casinos come up with new ways to gamble is it called innovation?

To get rid of the Fake Work, we would have to be honest about our current work. but upper management doesn't want honesty. They want to see consistent numbers always increasing. If you have 3 great quarters then 1 bad one they will be pissed, but not if you have 4 OK quarters

In my experience these steps have helped me get a higher salary.

1. Say your current salary is 20% higher than it actually is when interviewing.

2. Once you get a job offer say you are very interested in the position you just need $5k more to accept this position today . If they say no the 1st offer will still stand.

3. When yearly reviews come around, act grateful but slightly disappointed in the raise (unless it is HUGE).

If you feel these are dishonest that is fine, but the reality is that most companies will take advantage of you if you don't look out for yourself.

For example, If you interview for a position where the industry average is 60k and you say the range you are looking for is 45-75k. Your offer will be very close to 45k. Even though the company knows 60 is the industry average.

I know a consultant who leaves his dirty underwear at the top of his suitcase so when whey randomly search his bag, they quickly close it back up and send him on his way. The same thing can be accomplished with the body searches by eating a half dozen boiled eggs a couple hours before your flight.

Why is that so hard to understand? Think about how you would feel if you went to work tomorrow and your company was bankrupt and the doors locked. Would you just leave without feeling any disappointment or surprise that the job you though you had was gone.