sna1l

seriously wtf ... it rains all the time there :)

https://www.bloomberg.com/news/articles/2025-07-14/pentagon-... - they gave up to 200m to OAI, xAI, and Anthropic

is this satire?

What if they keep losing more money every month?

I think one of the major things missing from this post is that if you are going to drop a ball, you should communicate you are dropping it to the relevant stakeholders / family / friends / etc. That generally lessens the blow of dropping it significantly in my experience.

Gotta love the regulatory capture that will come with this for that one single news collective. They'll extract a nice little rent for not really providing a ton of benefit

In 2017, The Wall Street Journal reported on the difficulties faced by the firm. At that point, Voleon had an annualized return since inception of 10.5%, below the S&P 500 index return of 10.7% over the same period. One of the problems encountered was that financial markets were chaotic, and machine learning systems were best applied where patterns were more repeating in nature. In addition, patterns that are found can be easily made redundant after investors notice them and take advantage on them. Gary Smith writes that patterns discovered by the algorithms are often simply coincidences rather than actual correlations.[2][3][7]

In 2018, Voleon had a return of 14% during a market turndown where the S&P 500 index dropped 6.2%. However, in 2019, its returns dropped to 7%, below the returns of its hedge fund peers of 9.2%. In 2020, Voleon's flagship fund lost 9%.[6][8]

Given their returns, how do they have 7.6 billion AUM?

I don't understand why this is causation vs correlation?

I think the problem with the promotion culture is that you can't demote someone after they've been promoted. If you just focus on showing impact and cross team projects, your engineers will naturally build more complex projects than needed to hit those targets. The key is to track the long term maintainability and quality of the systems built. E.g. time to land diffs, incidents, performance metrics, etc. If a system starts to quickly fail these things or don't last then it is a pretty good sign that the project wasn't actually built well. Things aren't always under a single person's control but a lot of people will work on a big complex (seemingly good) project and then bounce after they've gotten their promo.

I do think there is a balance though because at a lot of startups the incentive is to just crank out a lot of product code but not really think about multiplier type work.

I think the main point this article is missing is that having to work extremely hard (10-12 hrs+) usually implies there is something structurally wrong with the team. Your team is criminally understaffed, you aren't getting enough time to fix tech debt, etc. While understaffed, there are times that you just have to work hard to keep things together, but if you don't surface these issues up the chain then you will for sure burn out.

Where are these numbers coming from??

https://twitter.com/MonicaGandhi9/status/1464085611577438213

I see a lot of comments where people are saying this is a killer blow to JAMF but almost every single org has a heterogeneous set of devices (PCs, Macs, iPhones, Androids, etc), so how will this work with that?

Unless they support all types of devices why have yet another tool?

France is an interesting example. I believe their wealth tax targeted more than just the super rich and it led to a heavy exodus of millionaires from France. Also by not having an exit tax, it was easy enough for people to leave France to avoid this.

It is interesting that everyone says that the wealth tax is hard to implement, yet it seems to be working well in Switzerland?

https://www.bloomberg.com/news/articles/2021-02-16/swiss-wea...

I generally agree with all of these, the one thing I guess that can be an issue for me is if I go too long in between picking up a book, then I'll kind of forget the context.

This is just a scheme for Amazon not to have to hire delivery drivers as full time.

It is sad that the biggest influencers in crypto are like Pomp + Ran Neuner who constantly say shit like the "dollar is collapsing."

You go be pro cryptocurrency and still hate cryptocurrency

+1

It was clear the US government made the wrong decision when they backtracked and tried to buy more doses from Pfizer + Moderna[1]. Given how much the US has spent on stimulus, you would think even like 10-15 extra billion would be nothing.

[1] https://www.nytimes.com/2020/12/07/us/trump-covid-vaccine-pf...

Seemingly, you would think we don't need something to make us lazier, but this kind of stuff is great for people with disabilities/issues using their hands.

I'm curious where the data shows that Bitcoin is used "mainly" for illicit transactions. [1]

[1] https://markets.chainalysis.com/?range=30&asset=BTC#risk-ill...

I enjoyed the Grokking the System Design Interview resource.[1]

I think what helps the most is not only solving the problems outlined, but adding new constraints and thinking through various failure cases that may be missed by some of the questions. This helps ensure that you understand the material and that you haven't just memorized it.

[1] https://www.educative.io/courses/grokking-the-system-design-...

Be careful with your personal data even with hardware wallets. Literal physical attacks are possible with things like the Ledger data dump. [0]

[0] https://www.bleepingcomputer.com/news/security/physical-addr...

I bet their revenue distribution is pareto with most of it coming from whales/institutions. This is where the current growth + long term growth is and will come from.

If another cryptocurrency rises to overtake Bitcoin, or even just grow larger, Coinbase will profit from that (assuming they support it) vs Bitcoin.

This is a no-brainer with the huge run up in crypto that in the last boom was a huge profit inducer for Coinbase. Growth rates will also look great QoQ and YoY.

With the fed balance sheet growing and the current revenue multiples small-mid cap tech stocks are receiving, they should be able to raise substantially more money than previously expected.

It'll be interesting to see how much they expect to raise and of course their actual financials.

https://www.wired.com/2013/03/anonymous-phone-location-data/

Few things:

1.) Make sure the thing you are procrastinating is something you _actually_ want to do. If I'm truly passionate about something, I don't generally find myself lacking in motivation (caveat below).

2.) Even for things I'm really passionate about, there are less interesting aspects of the work. My general strategy is to block off time (on my calendar) for 15 minutes a day doing X task. The following week I increase it to 30 minutes and so on so forth. Start out small so you guarantee success. Your brain will get addicted to it.

3.) Definitely make sure to only focus on one thing at a time. Your brain can only hold and retain so much information at a given point in time. Most ultra successful people focus on a singular area and go extremely deep on it. They don't move on from something until they've mastered it. Very similar to the concept of progressive overload in weightlifting.

Whenever I see a new piece of technology, my first question is always why is this better than <insert standard tech>?

Now, I'm not super familiar with other configuration management systems, but I really have to dig through the docs/blog posts to figure out what the core differences are. Would be nice if the differences were more clearly delineated.

This article is great and actually comes to one of the core tenets from the book "The Outsiders."

If you had to choose a single core task for the CEO of a company, it is to create free cash flow and decide best how to spend it, aka capital allocation.

Book Source: https://smile.amazon.com/Outsiders-Unconventional-Radically-...