You have chemical engineers, mechanical engineers, electrical engineers and system engineers. Very different and very specialized. Is there some overlap? Sure a bit, but generally very unique and very different. I am a mechanical engineer and that means anything that moves belongs to me. Civil engineers ensure that nothing moves, and system engineers ensure that the project moves.
But there is nothing wrong with specialization since with specialization we have a mature industry and we are moving forwards.
You hit the nail on the head. About three years ago I gave a BOF at a conference, where I said that classical IT is dead. I was scoffed at, made fun of and considered completely clueless. NOW I laugh my head off.
The issue that you are having is the same issue that many companies are having. They want their IT to know about their business. Each business has its special needs and generalists are not wanted. Specialists are wanted... Though I am completely happy since I had the clue to adapt while the adapting was still easy...
>Data mining is exploding; just take a look at Freakonomics and there you have it: a hotshot economist who does nothing but interesting data mining.
Yes, but what was he first? A computer programmer or an economist? He was an economist first who happened to learn how to use a computer. That is the way that the industry is shifting.
The industry is stablizing for those that are general programmers. And what is opening are specialized niches of people who understand the business and the computer. As I work in a hedge fund I cannot imagine any fund these days not having quants or algo-programmers at their disposal. Guess what I did about 4 years ago? I switched from being a general programmer to a specializing quant/algo-programmer.
If I had to advise somebody today I would say learn a field first, and then make sure that you can write the code in that field. That is the best combination. Could you first learn the code and then the field? Well sure you can, but business will prefer the other guy first. After all most companies and people in the field don't really care about the code anymore. After all most of the code these days is written in "very safe" languages where it is hard to shoot yourself in the foot.
No IT is actually mature. And with a mature industry there are less opportunities.
BUT, what also can be said is that without IT there is no industry. IT is at the heart of every industry, and hence the focus has changed. Namely you would focus on the industry and make sure that you know IT.
So if you were to seek out a niche in energy, good for it, but you better know how to use a computer, and potentially write a program.
And if you are going to do IT, you better learn a programming langauge that can be applied to a specific industry. For example I am in the financial industry. And I am not having a hard time looking for work. Why? Because I am act as a junior trader. I know how to place trades, watch the market and manage my positions. And on top of it I can write all of the data mining routines that our hedge fund needs.
Don't you find it good that a company in CALIFORNIA manages to turn a profit on new technology? If the company had to reinvent the wheel on batteries, motors and everything else they would be years from a model and profit. This is why GM's electric system is so far behind. They have to invent everything themselves. And what results is a crappy car called the volt, which is not even completely electric. It reaches 40 miles before needing juice. GIVE ME A BREAK...
BTW China is starting to honor IP... Why? Chinese companies are starting to sue Chinese companies for stealing of their IP.
2) Seriousness, and my answer there is no she does not wear the pants. AND that attitude that she wears the pants is exactly the problem with today's society.
In fact the poster is wondering about this. The male has to be this jock and "me caveman hit woman on head and drag around."
My wife nor anybody does not push me around... Trust me on that! Actually she hates that on me because I am basically incapable of having longer term jobs (more than 1 year). Hence why I contract!
And the fact is that I prefer a woman with a mind of her own. When I used to date I hated "Hi my name is Wendy and how are you!" type attitude.
Actually architecture is anything but artsy. If I did not become an ME, I wanted to be an architect.
My mother is an artist, and my father an engineer and as a result I have both of their traits in me.
For fun I paint...
But the point regarding how geeks think small points are important is rather insightful. We geeks stage revolutions on little points and that well is a bit of relationship killer.
No I think what he is getting at not bookshelf, but self-absorbed.
Here is an example. My wife loves books above everything. Me I work on my computer all the time. On the weekends she is ready ALL THE TIME. Normally this would bother somebody. It did bother her family quite a bit. Me, I did not actually care at all.
So what was the compromise? I have a little desk in the living room with two notebooks that are joined and connected to my trading desk downstairs. Thus when she reads we are both in the same room. Granted not talking much to each other, but still together. That is I think what he is getting at.
Whenever we buy a house we always make sure that my office is big enough so that the couch, TV, and my computer array fits in. Thus she spends most of her time in my office. This time our house has the office in the bunker (seriously its a bunker) and its too damp and hence we put a little table in the living room.
I am an engineer (ME), my wife is an engineer (EE).
We have been married for 15 years now and things are good.
1) I dated non engineers and let me tell you those relationships were more "active" in every sense of the word. But you actually tire of it quite quickly because you are constantly trying to figure things out.
2) The relationship becomes pretty constant since both you are pretty constant people. That is a good thing, but as my wife says NEVER take it for granted. Appreciate each and every day.
3) Be there for each other. I seriously mean this one. Be there for the other person through it all. EVEN if your logic says that the other person is wrong.
4) Support the other person. My wife is a director level manager and I have worked for her. Here in Europe some look at that as being a "wuss". After meeting me people quickly realize I am not a wuss, but there is a stigma associated with it. Though times are changing...
I work at a hedge fund. This has nothing to do with MSFT doing marketing and politics. MSFT is screwing itself and the operating system called Windows is starting to be become an anchor for the entire corporation.
Folks what you are witnessing here is a slow downfall and collapse of a company called Microsoft. MSFT used to be one of my holdings until quite recently. I completely unloaded my MSFT position at a slight profit because I am sick and tired on how badly MSFT is run.
The real problem at MSFT is that in previous years Windows provided the company with profits. But now the real problem is that Windows is failing and because all of the products are based on Windows it is causing a real revenue cutback in all products. Look at their last filing, the first time Microsoft did not grow revenue. Remember this folks, in all of the times MSFT filed they never had a revenue drop. That means they went through three previous recessions with no problems. NOW they are failing... VERY TELLING...
Outside Anglophone countries, both in Europe and in the rest of the world, the term "Anglo-Saxon" and its direct translations are used to refer to the Anglophone peoples and societies of Britain, the United States, and other countries such as Australia, Canada and New Zealand. The term can be used in a variety of contexts, often to identify the English-speaking world's distinctive language, culture, technology, wealth, markets, economy, and legal systems. Local variations include the French "Anglo-Saxon" and the Spanish "anglosajÃn".
It was funny. About 2002 I was a conference and said that if the political parties don't correct things the right will rise. What I should have said is that extremism will rise. Though I was right in the overall in that people in Germany are getting fed up. With each election the mainstream parties are loosing more and more people.
In this next election I think the neither the CDU nor the SPD will win. It will be a similar situation to the previous election, with the exception that this time the SPD will join forces with the left. And that folks will be the end of the beginning and beginning and new Germany. Granted as a German in Switzerland I really don't care and love to sit in fringes...
Einführen müssen die Filterstrukturen Internet-Provider ab 10 000 Kunden. Für kleinere Unternehmen wÃre der finanzielle Aufwand zu hoch. UniversitÃten und Ãffentliche Bibliotheken sind ausgenommen.
Ok translated... Any ISP with under 10,000 clients can ignore this, as well small companies, universities, and libraries...
TYPICAL GERMAN politics, come up with a screwy law, and make it even more screwy! So I guess what I can take from this is that child porn is ok to see at a university, but not a corporation or large ISP... Yeah that makes sense, really does...
It's called Social department in the Anglo Saxon world... All countries have "family affairs" departments.
But besides that I do find it problematic on what the German government is proposing. If they truly did believe what they did, they would actually fix the school system first! The German school system is a mess and is prone to the exact problems that von der Leyen is trying to solve in the Internet. But hey fixing the school system would mean that von der Leyen would actually have to do something, you know her job!
Does the GPL allow me to charge a fee for downloading the program from my site?
Yes. You can charge any fee you wish for distributing a copy of the program. If you distribute binaries by download, you must provide âoeequivalent accessâ to download the sourceâ"therefore, the fee to download source may not be greater than the fee to download the binary.
You did everything right, and nothing wrong. I am more thinking that the people who are angry are jealous that they did not think of it first.
You are using SARCASM and IRONY... Does not go over well in USA... Americans can be funny people but their lack of comprehension of irony is quite astounding....
Actually I was laughing at your comment... Thought it was funny. But then again I am German-Canadian...
What does that get you? A sarcastic person with no sense of humor!
Sorry, but Diller is a wennie that does not get it.
Content will be free. Let me talk about my situation. Around 1999 I was a Microsoft Regional Director and I warned MS about open source. They listened to my and promptly ignored me and it was then I resigned my Regional Director post. Then in 2006 I saw how the online and Google killed tech books (I was an author). And now I see how news and such are being decimated by the Internet and their bloggers.
What people like Diller fail to realize is that bloggers can be just as professional. And like Slashdot there are people with good karma and bad karma. Those with good karma will get good ratings and be listened to, and others not.
The Internet is being reduced to a mediocrity and that is a good thing!
BS! Investing and trading is just speculation using different timescales.
Stocks are a means by which a company can get access to capital without having to pay interest payments. What investors expect with stocks is that some sucker down the road is going to pay you more than what you paid.
Of course that could be the company when it does share buybacks or a competitor that wants to take over the company. But let's look at Apple shall we. They have neither dividend, nor buybacks, nor etc. Thus by buying them you are expecting some sucker to buy it at an even higher price.
I am not complaining because it is what it is. BUT to say that one class of speculators is better than another is pure crap!
BTW one of the things that most people forget about is that once a company has issued stock they don't see any further profit. It is like art, once the painting is sold the original artist sees no further profit. What happens thereafter is speculation...
When I talk micro-seconds I am talking complete turnarounds in micro-seconds.
These days exchanges are offering inplace hosting. Thus you are connected with fibre to the exchange. Not cheap! For those exchanges that don't offer hosting the big boys lease buildings RIGHT BESIDE the exchange.
What seems to be the vogue today is probabilistic turn arounds. In other words you don't actually wait for the data or the turn around you just throw out orders and then keep a lagging system that tracks your error. This has actually sped things up quite a bit.
But like you said "this will take the biggest iron you can throw at it" and it seems right now there are many very big boys who are falling massively behind the curve. This is a game that only boys like Goldman's can support since the hardware and environment is not trivial. But then again I don't think I need to tell you that.
Buy in March of 2009! Yet did you? My mother started buying in January this year and kept on buying as the market feel. (she did it on my advice). Her returns are 90%! No need for high frequency finance there! I invest as well, and want to know something I am up 30% from Jan 2008 (not Jan 2009, Jan 2008) ! Pretty good yes... And I only go long, no shorting.
How did I do this? Stock pick and as the market fell I just kept on buying, buying, buying... Yet the average investor and many hedge funds don't because they have deer in the headlight syndrome. So not you in particular people should stop complaining about market manipulation.
Get real zerohedge is not awsome! It is a bunch of folks who are complaining and screaming because they happen to be on the wrong side of the trade. Additionally I dislike people who don't show their real names! When I blog on the financial industry I use my real name! I don't hide! Remember there are always two sides of the trade. And one side has to loose. And it is that side that usually screams the loudest... Don't like it, get on the right side of the trade...
Zerohedge is a bunch of paranoid twits! Read the ones who are doing the most complaining. They are the ones who are still doing milli-second trades and they are getting reamed in the butt by the micro-second shops.
IF the other shops could do micro-second trades we would not be hearing about this issue!
The reality is that there are shops that used to liquidate and buy large number of shares (millions at a time). And those shops are getting reamed in a royal way. Hence they are complaining.
Don't believe me? Look at the first guy who complained at zerohedge, and look at what business he is in.
If he were smart he would have invested in the hardware to fight at the micro-second level.
Slashdot Mirror
I disagree here...
You have chemical engineers, mechanical engineers, electrical engineers and system engineers. Very different and very specialized. Is there some overlap? Sure a bit, but generally very unique and very different. I am a mechanical engineer and that means anything that moves belongs to me. Civil engineers ensure that nothing moves, and system engineers ensure that the project moves.
But there is nothing wrong with specialization since with specialization we have a mature industry and we are moving forwards.
You hit the nail on the head. About three years ago I gave a BOF at a conference, where I said that classical IT is dead. I was scoffed at, made fun of and considered completely clueless. NOW I laugh my head off.
The issue that you are having is the same issue that many companies are having. They want their IT to know about their business. Each business has its special needs and generalists are not wanted. Specialists are wanted... Though I am completely happy since I had the clue to adapt while the adapting was still easy...
>Data mining is exploding; just take a look at Freakonomics and there you have it: a hotshot economist who does nothing but interesting data mining.
Yes, but what was he first? A computer programmer or an economist? He was an economist first who happened to learn how to use a computer. That is the way that the industry is shifting.
The industry is stablizing for those that are general programmers. And what is opening are specialized niches of people who understand the business and the computer. As I work in a hedge fund I cannot imagine any fund these days not having quants or algo-programmers at their disposal. Guess what I did about 4 years ago? I switched from being a general programmer to a specializing quant/algo-programmer.
If I had to advise somebody today I would say learn a field first, and then make sure that you can write the code in that field. That is the best combination. Could you first learn the code and then the field? Well sure you can, but business will prefer the other guy first. After all most companies and people in the field don't really care about the code anymore. After all most of the code these days is written in "very safe" languages where it is hard to shoot yourself in the foot.
No IT is actually mature. And with a mature industry there are less opportunities.
BUT, what also can be said is that without IT there is no industry. IT is at the heart of every industry, and hence the focus has changed. Namely you would focus on the industry and make sure that you know IT.
So if you were to seek out a niche in energy, good for it, but you better know how to use a computer, and potentially write a program.
And if you are going to do IT, you better learn a programming langauge that can be applied to a specific industry. For example I am in the financial industry. And I am not having a hard time looking for work. Why? Because I am act as a junior trader. I know how to place trades, watch the market and manage my positions. And on top of it I can write all of the data mining routines that our hedge fund needs.
What the heck is your problem????
Don't you find it good that a company in CALIFORNIA manages to turn a profit on new technology? If the company had to reinvent the wheel on batteries, motors and everything else they would be years from a model and profit. This is why GM's electric system is so far behind. They have to invent everything themselves. And what results is a crappy car called the volt, which is not even completely electric. It reaches 40 miles before needing juice. GIVE ME A BREAK...
BTW China is starting to honor IP... Why? Chinese companies are starting to sue Chinese companies for stealing of their IP.
LOL....
Two ways I can interpret this...
1) Sarcasm, which I will choose...
2) Seriousness, and my answer there is no she does not wear the pants. AND that attitude that she wears the pants is exactly the problem with today's society.
In fact the poster is wondering about this. The male has to be this jock and "me caveman hit woman on head and drag around."
My wife nor anybody does not push me around... Trust me on that! Actually she hates that on me because I am basically incapable of having longer term jobs (more than 1 year). Hence why I contract!
And the fact is that I prefer a woman with a mind of her own. When I used to date I hated "Hi my name is Wendy and how are you!" type attitude.
Actually architecture is anything but artsy. If I did not become an ME, I wanted to be an architect.
My mother is an artist, and my father an engineer and as a result I have both of their traits in me.
For fun I paint...
But the point regarding how geeks think small points are important is rather insightful. We geeks stage revolutions on little points and that well is a bit of relationship killer.
Oops make that "On the weekends she is READING..." LOL...
No I think what he is getting at not bookshelf, but self-absorbed.
Here is an example. My wife loves books above everything. Me I work on my computer all the time. On the weekends she is ready ALL THE TIME. Normally this would bother somebody. It did bother her family quite a bit. Me, I did not actually care at all.
So what was the compromise? I have a little desk in the living room with two notebooks that are joined and connected to my trading desk downstairs. Thus when she reads we are both in the same room. Granted not talking much to each other, but still together. That is I think what he is getting at.
Whenever we buy a house we always make sure that my office is big enough so that the couch, TV, and my computer array fits in. Thus she spends most of her time in my office. This time our house has the office in the bunker (seriously its a bunker) and its too damp and hence we put a little table in the living room.
I am an engineer (ME), my wife is an engineer (EE).
We have been married for 15 years now and things are good.
1) I dated non engineers and let me tell you those relationships were more "active" in every sense of the word. But you actually tire of it quite quickly because you are constantly trying to figure things out.
2) The relationship becomes pretty constant since both you are pretty constant people. That is a good thing, but as my wife says NEVER take it for granted. Appreciate each and every day.
3) Be there for each other. I seriously mean this one. Be there for the other person through it all. EVEN if your logic says that the other person is wrong.
4) Support the other person. My wife is a director level manager and I have worked for her. Here in Europe some look at that as being a "wuss". After meeting me people quickly realize I am not a wuss, but there is a stigma associated with it. Though times are changing...
I work at a hedge fund. This has nothing to do with MSFT doing marketing and politics. MSFT is screwing itself and the operating system called Windows is starting to be become an anchor for the entire corporation.
Folks what you are witnessing here is a slow downfall and collapse of a company called Microsoft. MSFT used to be one of my holdings until quite recently. I completely unloaded my MSFT position at a slight profit because I am sick and tired on how badly MSFT is run.
The real problem at MSFT is that in previous years Windows provided the company with profits. But now the real problem is that Windows is failing and because all of the products are based on Windows it is causing a real revenue cutback in all products. Look at their last filing, the first time Microsoft did not grow revenue. Remember this folks, in all of the times MSFT filed they never had a revenue drop. That means they went through three previous recessions with no problems. NOW they are failing... VERY TELLING...
I am sorry, but where are you?
Sorry, many parts of Europe have apprenticeship programs, etc where people still do low-level technical jobs.
I call BS in your argument!
While you might not like socialism, what it does do is give menial jobs a pretty hefty wage. Instead of the scamming that goes on in North America.
I am here in Switzerland and our cleaning lady makes 39 CHF (about 35 USD) per hour! We can't find anything less.
Contemporary Meanings:
http://en.wikipedia.org/wiki/Anglo-Saxons
Outside Anglophone countries, both in Europe and in the rest of the world, the term "Anglo-Saxon" and its direct translations are used to refer to the Anglophone peoples and societies of Britain, the United States, and other countries such as Australia, Canada and New Zealand. The term can be used in a variety of contexts, often to identify the English-speaking world's distinctive language, culture, technology, wealth, markets, economy, and legal systems. Local variations include the French "Anglo-Saxon" and the Spanish "anglosajÃn".
It was funny. About 2002 I was a conference and said that if the political parties don't correct things the right will rise. What I should have said is that extremism will rise. Though I was right in the overall in that people in Germany are getting fed up. With each election the mainstream parties are loosing more and more people.
In this next election I think the neither the CDU nor the SPD will win. It will be a similar situation to the previous election, with the exception that this time the SPD will join forces with the left. And that folks will be the end of the beginning and beginning and new Germany. Granted as a German in Switzerland I really don't care and love to sit in fringes...
I was further doing some reading and here is something interesting:
http://www.handelsblatt.com/unternehmen/it-medien/die-angst-vor-der-totalen-ueberwachung;2434939;2
Einführen müssen die Filterstrukturen Internet-Provider ab 10 000 Kunden. Für kleinere Unternehmen wÃre der finanzielle Aufwand zu hoch. UniversitÃten und Ãffentliche Bibliotheken sind ausgenommen.
Ok translated... Any ISP with under 10,000 clients can ignore this, as well small companies, universities, and libraries...
TYPICAL GERMAN politics, come up with a screwy law, and make it even more screwy! So I guess what I can take from this is that child porn is ok to see at a university, but not a corporation or large ISP... Yeah that makes sense, really does...
It's called Social department in the Anglo Saxon world... All countries have "family affairs" departments.
But besides that I do find it problematic on what the German government is proposing. If they truly did believe what they did, they would actually fix the school system first! The German school system is a mess and is prone to the exact problems that von der Leyen is trying to solve in the Internet. But hey fixing the school system would mean that von der Leyen would actually have to do something, you know her job!
Those people are idiots!!!
http://www.gnu.org/licenses/gpl-faq.html#DoesTheGPLAllowMoney
Does the GPL allow me to charge a fee for downloading the program from my site?
Yes. You can charge any fee you wish for distributing a copy of the program. If you distribute binaries by download, you must provide âoeequivalent accessâ to download the sourceâ"therefore, the fee to download source may not be greater than the fee to download the binary.
You did everything right, and nothing wrong. I am more thinking that the people who are angry are jealous that they did not think of it first.
You are using SARCASM and IRONY... Does not go over well in USA... Americans can be funny people but their lack of comprehension of irony is quite astounding....
Actually I was laughing at your comment... Thought it was funny. But then again I am German-Canadian...
What does that get you? A sarcastic person with no sense of humor!
Sorry, but Diller is a wennie that does not get it.
Content will be free. Let me talk about my situation. Around 1999 I was a Microsoft Regional Director and I warned MS about open source. They listened to my and promptly ignored me and it was then I resigned my Regional Director post. Then in 2006 I saw how the online and Google killed tech books (I was an author). And now I see how news and such are being decimated by the Internet and their bloggers.
What people like Diller fail to realize is that bloggers can be just as professional. And like Slashdot there are people with good karma and bad karma. Those with good karma will get good ratings and be listened to, and others not.
The Internet is being reduced to a mediocrity and that is a good thing!
BS! Investing and trading is just speculation using different timescales.
Stocks are a means by which a company can get access to capital without having to pay interest payments. What investors expect with stocks is that some sucker down the road is going to pay you more than what you paid.
Of course that could be the company when it does share buybacks or a competitor that wants to take over the company. But let's look at Apple shall we. They have neither dividend, nor buybacks, nor etc. Thus by buying them you are expecting some sucker to buy it at an even higher price.
I am not complaining because it is what it is. BUT to say that one class of speculators is better than another is pure crap!
BTW one of the things that most people forget about is that once a company has issued stock they don't see any further profit. It is like art, once the painting is sold the original artist sees no further profit. What happens thereafter is speculation...
When I talk micro-seconds I am talking complete turnarounds in micro-seconds.
These days exchanges are offering inplace hosting. Thus you are connected with fibre to the exchange. Not cheap! For those exchanges that don't offer hosting the big boys lease buildings RIGHT BESIDE the exchange.
What seems to be the vogue today is probabilistic turn arounds. In other words you don't actually wait for the data or the turn around you just throw out orders and then keep a lagging system that tracks your error. This has actually sped things up quite a bit.
But like you said "this will take the biggest iron you can throw at it" and it seems right now there are many very big boys who are falling massively behind the curve. This is a game that only boys like Goldman's can support since the hardware and environment is not trivial. But then again I don't think I need to tell you that.
I call BS! Want to know how you could get rich?
Buy in March of 2009! Yet did you? My mother started buying in January this year and kept on buying as the market feel. (she did it on my advice). Her returns are 90%! No need for high frequency finance there! I invest as well, and want to know something I am up 30% from Jan 2008 (not Jan 2009, Jan 2008) ! Pretty good yes... And I only go long, no shorting.
How did I do this? Stock pick and as the market fell I just kept on buying, buying, buying... Yet the average investor and many hedge funds don't because they have deer in the headlight syndrome. So not you in particular people should stop complaining about market manipulation.
Get real zerohedge is not awsome! It is a bunch of folks who are complaining and screaming because they happen to be on the wrong side of the trade. Additionally I dislike people who don't show their real names! When I blog on the financial industry I use my real name! I don't hide! Remember there are always two sides of the trade. And one side has to loose. And it is that side that usually screams the loudest... Don't like it, get on the right side of the trade...
Zerohedge is a bunch of paranoid twits! Read the ones who are doing the most complaining. They are the ones who are still doing milli-second trades and they are getting reamed in the butt by the micro-second shops.
IF the other shops could do micro-second trades we would not be hearing about this issue!
The reality is that there are shops that used to liquidate and buy large number of shares (millions at a time). And those shops are getting reamed in a royal way. Hence they are complaining.
Don't believe me? Look at the first guy who complained at zerohedge, and look at what business he is in.
If he were smart he would have invested in the hardware to fight at the micro-second level.