This is not about coding but about careers in general. There are pluses and minus with having your spouse in the same industry and/or same company. Partly it depends on the people.
However, for a absolute minus, when a slowdown hits - it hits both people. I have seen cases where they both get the pink slip on the same day.
I know people who work with both the turbines and the energy grid.
Wind power is ready for prime time. Gas is cheaper, but if you factor in a reasonable cost for it's carbon footprint Wind is right there.
Storage, on the other hand, is not ready for prime time. Without storage it's going to be hard to break 20%. I understand that some parts of the country have maxed out how much wind they can have. They have to turn on / off the gas turbines to make up for sudden power surges / drops that it's not worth it anymore. There are a lot of interesting ideas but they have yet to prove themselves.
Give it a few years and then we can see if wind can break the 20% mark.
Why revenue per share? That is such an odd measure. It has some fine points - if you are a start up or some other condition where it is hard to figure out profits - but for most companies it is worthless. Take a look Apple vs. Ford. They go off in completly different directions. Does this mean F is underpriced and Apple overpriced? No. This is because Apple (and FB) have low capital and input requirments and F has high capital and input requirments.
It is future cash flow to the shareholders that count - that that is driven by EPS.
Ford Price: 10.14 EPS $4.65 Revenue per share: 34.24
Apple Price: $680 EPS: 43.03 Revenue per Share: 61.98
But, as we all know, Edison and his employees did not invent anything – they stole everything from Tesla – which has already been mentioned. For proof see:
The male line is very easily traced using the X chromosomes – always father to son. The female line is very easily traced using mitochondrial – always mother to child.
First, the price of storing all of that information is falling like a rock. The question boils down to is: Is the cost of storing the information less than the value of the information.
Second boils down to archiving organization. Go to your nearest library that has a special collections area. My local one has an agreement with dozens of living authors and regular clean out the studies of deceased ones. They try to get every draft in order with comments (from the editor, reader, etc.). They struggle under the load of conserving (so it won’t disengage) and organizing. And this is a medium where you are trying to track the output of one author.
The LCD screen market has been brutal for the past couple of years. Plants have high fixed capital costs. i.e. building plants are expensive. The market has surplus capacity. i.e. everybody thought people would be buying their screens. In this situation, if the plant is running you might as well run it at full throttle – it is almost as cheap to build 100 rather than 80. This leaves a company with 2 choices.
First, you can shut down the factory and leave all of the capital ideal. Even worse, with the technology cycle so fast, when you restart the plant it is going to be obsolete.
Second, you can engage in a long drawn out price war. Unfortunately Sharp is facing Samsung who has the same problem – overcapacity – but have deep better diversified pockets to survive the price war. The second option is better – you bleed slower.
If you want an analogy, take a look at the airlines. The price wars have been so brutal that, IIRC, the total return on equity invested in airlines (as a whole) is about 0% for the past 50 years.
He is the future head of state of England – i.e. the top cheese, where the buck stops. etc. He will hold a similar position to Barack Obama in the United State or Queen Elizabeth II of Canada. Now, of course, he is going to have to consult with parliament on some issues – but remember – he only needs to consult.
On a more serious note, he can lend moral weight to homeopathy and thus legitimize it. Mileage will depend on how persuade he can be. And he does have considerable real power when it comes to the medical / relief charities that the royals run.
Does it surprises you that government employees follow their executives? Prince Charles believes in homeopathy. Now, o.k., he is still only a crowned prince, but.
Short answer, heavier cars have lower fuel efficiency (more energy to drive a larger mass) but are safer than lighter cars (more mass to play with to add additional safety features – and mass does provided safety) – it’s a known trade off.
They have more mass and (generally) more volume so the impact and deformation of the crash can be spread out over more time.
If a heavy car hits a light car the light car is going to move further. If a heavy car hits a light pole, the longer hood will dissipate more of the energy.
Now lighter cars are getting pretty innovated in safety features – but you can almost always apply those features to larger vehicle.
This is true when the lower price generates more sales. This is not happening in the music world.
People are buying single tracks or tuning into Pandora instead of building up a collection of CDs. This benefits the consumer because it is much more efficient to listen to music this way.
i.e. the new cost structure of the internet means that the consumer reap most of the rewards of improved efficiency. I am not a friend of the RIAA but I do recognize that they have left the land of honey and milk for a barren desert.
The answer, like all good scientific answers, is maybe – with many different avenues. There is a feedback loop between antibiotics, obesity, and nutation that we are just figuring out.
For a better article, go to the Economist’s “Me, Myself, US”. There are a lot of other good articles out there. http://www.economist.com/node/21560523. The NPR Article is only a small part of the beginning of the bigger question on how we interact with our friendly bacteria.
Feed cows antibiotics and you change their gut flora – change the gut flora and you change how fast they can put on weight.
Or better yet, take a look at fat mice/humans and skinny mice humans – they have different gut flora and thus different nutritional profiles (production of vitamins, storage of fat, etc.). Swap skinny/fat and the gut flora follows. Swap gut flora and the nutritional profile follows.
The probelm is not the WHERE clause, it's the NULLs. With unlisted numbers the displayed phone number has to be a null. Have you ever gone down to Radio Shack to pick up a bukcet of nulls? Now, I now that Verzion buys them in bulk, but still.
Minor nit, but as the 3rd largest producer of oil, the #1 source of American oil is America. So maybe Canada is #1 exporter to America.
That being said, America uses a lot of oil (both in terms of gross numbers and per capita) and oil is fungible. So it does not matter who the Saudis pump to, global swings in supply and demand will affect the price you pay at the pump.
Reading between the lines and knowing something about the industry I would guess this has almost nothing to do with the Investment Banking side and everything about running the boring bits of the business. For a long time there was a question if mega banks could achieve better returns to scale then a large bank. For the 80s and 90s the answer was no. However, during the 2000s, mega banks have achieved economies of scale when doing international business. (we are talking about the boring, low margin bits - money management, custodial accounts, etc.)
You don’t spend this kind of money for high frequency trading. For that you want a couple of fancy servers near the exchange and some expensive quants. It is real money – but not 500m in Delaware money.
No, this is to handle X number of checking, credit card and mortgage accounts - ensuring that all of the interested is calculated correctly, all of the transitions are posted – in multiple states / countries with different reporting requirements – in real time – with a high level of reliability.
To extend, 20 years ago the middle men were a few firms or, for the NYSE, a single firm. The bid / ask spread was around 12.5 to 25 cents. This was the mark up the middle men were making and it was basically risk free. And if you put in a big order they would gauge you – you did not have that many options.
Today the bid / ask spread is a fraction of a penny. You can put in larger orders without having the market move against you.
I have heard the argument, and I tend to believe it , that this rapid trading has made the market more volatile in the short run. The middle men would eat their free lunch but would tend to even out the high and lows of the market.
It did not. You could be thinking of 2 different things.
You might be thinking of the Collateralized Debt Obligations (CDO) Market. Here we have swaps that are built on slices of bonds which are built on mortgages. Or, better yet, synthetic CDOs, where are swaps built upon other CDOs. Instead of doing the hard work of evaluating the thousands of underlying pieces people used algorithms to determine the prices – and then the banks used the CDOs as collateral to borrow money to buy more CDOs. The algorithms made bad assumptions about the statistical on defaults. This is a completely different beast – it moves very slow.
Or, during the same time, a lot of firms that used statistical algorithmic trades (which Knight is) where losing money. They were using computers to shave pennies of trades – basically eating the lunch of the old line market makes. For years they were quietly chugging away making a constant steam of money and all of a sudden they were losing money. The computers worked fine. The markets were in a state of chaos, the underlying assumptions were no longer valid. A lot of them just turned off their computers for 6 months until the market sorted itself out again.
Look at your peers. How do fellow managers dress? If you are meeting external people (clients, vendors) how do they dress. How does your boss dress? I had a point haired boss who gave me 1 good piece of advice, don’t dress for the job you have, dress for the job you want.
Be neat. Clean, well-fitting cloths go a long way. Some people can pull of a professional look in jeans, t-shirt and jacket. Some people can’t pull this off, but there are a lot of geek polo shirts floating out there.
Be subtle. Be more like Howard Wolowitz then Sheldon Cooper from the Big Bang Theory. Sheldon’s t-shirts tend to scream. Howard always a little geek around him (belt buckets, pins, etc.)
All of the shares issued (A shares) were voting shares - getting 1 vote per share.
All of the shares pre IPO (B shares) get 10 votes per share.
So MZ is not leaving the firm unless he wants to or something really dire happens – and I don’t consider a 50% drop in stock price as really dire. It would have to be along the lines of major breach of ethics, outright fraud, etc.
Google, Ford, is also set up with the same dual class structure.
There is a great photo of Bill Clinton going duck hunting with a assault weapon (shotgun, not riffle) –IIRC – right after he banned their sale as president (ban has since expired). In this day and age a pistol grip is considered more intuitive. It is a style thing - how you hold your weapon.
Slashdot Mirror
This is not about coding but about careers in general. There are pluses and minus with having your spouse in the same industry and/or same company. Partly it depends on the people.
However, for a absolute minus, when a slowdown hits - it hits both people. I have seen cases where they both get the pink slip on the same day.
I know people who work with both the turbines and the energy grid.
Wind power is ready for prime time. Gas is cheaper, but if you factor in a reasonable cost for it's carbon footprint Wind is right there.
Storage, on the other hand, is not ready for prime time. Without storage it's going to be hard to break 20%. I understand that some parts of the country have maxed out how much wind they can have. They have to turn on / off the gas turbines to make up for sudden power surges / drops that it's not worth it anymore. There are a lot of interesting ideas but they have yet to prove themselves.
Give it a few years and then we can see if wind can break the 20% mark.
It depends on what you mean by falling behind.
http://www.asymco.com/2012/02/03/first-apples-rank-in-mobile-phone-profitability-and-revenues/
It seems that Apple is increase it's share of the smart phone market.
Why revenue per share? That is such an odd measure. It has some fine points - if you are a start up or some other condition where it is hard to figure out profits - but for most companies it is worthless. Take a look Apple vs. Ford. They go off in completly different directions. Does this mean F is underpriced and Apple overpriced? No. This is because Apple (and FB) have low capital and input requirments and F has high capital and input requirments.
It is future cash flow to the shareholders that count - that that is driven by EPS.
Ford
Price: 10.14
EPS $4.65
Revenue per share: 34.24
Apple
Price: $680
EPS: 43.03
Revenue per Share: 61.98
But, as we all know, Edison and his employees did not invent anything – they stole everything from Tesla – which has already been mentioned. For proof see:
http://www.thinkgeek.com/product/ea08/?srp=1
And don’t forget the ancient Egyptians & Chinese. Sure, they got most of the tech from Atlantis, but still.
The male line is very easily traced using the X chromosomes – always father to son. The female line is very easily traced using mitochondrial – always mother to child.
Anything else gets complex and ambiguous fast.
There are 2 reasons.
First, the price of storing all of that information is falling like a rock. The question boils down to is: Is the cost of storing the information less than the value of the information.
Second boils down to archiving organization. Go to your nearest library that has a special collections area. My local one has an agreement with dozens of living authors and regular clean out the studies of deceased ones. They try to get every draft in order with comments (from the editor, reader, etc.). They struggle under the load of conserving (so it won’t disengage) and organizing. And this is a medium where you are trying to track the output of one author.
By the way – I think library science is cool.
The LCD screen market has been brutal for the past couple of years. Plants have high fixed capital costs. i.e. building plants are expensive. The market has surplus capacity. i.e. everybody thought people would be buying their screens. In this situation, if the plant is running you might as well run it at full throttle – it is almost as cheap to build 100 rather than 80. This leaves a company with 2 choices.
First, you can shut down the factory and leave all of the capital ideal. Even worse, with the technology cycle so fast, when you restart the plant it is going to be obsolete.
Second, you can engage in a long drawn out price war. Unfortunately Sharp is facing Samsung who has the same problem – overcapacity – but have deep better diversified pockets to survive the price war. The second option is better – you bleed slower.
If you want an analogy, take a look at the airlines. The price wars have been so brutal that, IIRC, the total return on equity invested in airlines (as a whole) is about 0% for the past 50 years.
He is the future head of state of England – i.e. the top cheese, where the buck stops. etc. He will hold a similar position to Barack Obama in the United State or Queen Elizabeth II of Canada. Now, of course, he is going to have to consult with parliament on some issues – but remember – he only needs to consult.
On a more serious note, he can lend moral weight to homeopathy and thus legitimize it. Mileage will depend on how persuade he can be. And he does have considerable real power when it comes to the medical / relief charities that the royals run.
Does it surprises you that government employees follow their executives? Prince Charles believes in homeopathy. Now, o.k., he is still only a crowned prince, but.
You don't need bombs - you need Thor's hammer
http://en.wikipedia.org/wiki/Kinetic_bombardment#Project_Thor
Yes and No.
Yes, in the sense that both of the larger cars should have larger crumble zones.
No, you don’t get “small car bounces, big car wins”.
So the answer is that everybody should drive semis or armored personal carriers.... (There are trade offs in life.)
Short answer, heavier cars have lower fuel efficiency (more energy to drive a larger mass) but are safer than lighter cars (more mass to play with to add additional safety features – and mass does provided safety) – it’s a known trade off.
They have more mass and (generally) more volume so the impact and deformation of the crash can be spread out over more time.
If a heavy car hits a light car the light car is going to move further. If a heavy car hits a light pole, the longer hood will dissipate more of the energy.
Now lighter cars are getting pretty innovated in safety features – but you can almost always apply those features to larger vehicle.
There is a difference between majority rule and mob rule.
Majority rules balances the wishes of the majority with individual rights, the ability to dissent, and the ability to overturn the government.
I don’t feel Iran meets this definition.
Lower prices can create higher total income.
This is true when the lower price generates more sales. This is not happening in the music world.
People are buying single tracks or tuning into Pandora instead of building up a collection of CDs. This benefits the consumer because it is much more efficient to listen to music this way.
i.e. the new cost structure of the internet means that the consumer reap most of the rewards of improved efficiency. I am not a friend of the RIAA but I do recognize that they have left the land of honey and milk for a barren desert.
The answer, like all good scientific answers, is maybe – with many different avenues. There is a feedback loop between antibiotics, obesity, and nutation that we are just figuring out.
For a better article, go to the Economist’s “Me, Myself, US”. There are a lot of other good articles out there. http://www.economist.com/node/21560523. The NPR Article is only a small part of the beginning of the bigger question on how we interact with our friendly bacteria.
Feed cows antibiotics and you change their gut flora – change the gut flora and you change how fast they can put on weight.
Or better yet, take a look at fat mice/humans and skinny mice humans – they have different gut flora and thus different nutritional profiles (production of vitamins, storage of fat, etc.). Swap skinny/fat and the gut flora follows. Swap gut flora and the nutritional profile follows.
The probelm is not the WHERE clause, it's the NULLs. With unlisted numbers the displayed phone number has to be a null. Have you ever gone down to Radio Shack to pick up a bukcet of nulls? Now, I now that Verzion buys them in bulk, but still.
Minor nit, but as the 3rd largest producer of oil, the #1 source of American oil is America. So maybe Canada is #1 exporter to America.
That being said, America uses a lot of oil (both in terms of gross numbers and per capita) and oil is fungible. So it does not matter who the Saudis pump to, global swings in supply and demand will affect the price you pay at the pump.
Reading between the lines and knowing something about the industry I would guess this has almost nothing to do with the Investment Banking side and everything about running the boring bits of the business.
For a long time there was a question if mega banks could achieve better returns to scale then a large bank. For the 80s and 90s the answer was no. However, during the 2000s, mega banks have achieved economies of scale when doing international business. (we are talking about the boring, low margin bits - money management, custodial accounts, etc.)
You don’t spend this kind of money for high frequency trading. For that you want a couple of fancy servers near the exchange and some expensive quants. It is real money – but not 500m in Delaware money.
No, this is to handle X number of checking, credit card and mortgage accounts - ensuring that all of the interested is calculated correctly, all of the transitions are posted – in multiple states / countries with different reporting requirements – in real time – with a high level of reliability.
To extend, 20 years ago the middle men were a few firms or, for the NYSE, a single firm. The bid / ask spread was around 12.5 to 25 cents. This was the mark up the middle men were making and it was basically risk free. And if you put in a big order they would gauge you – you did not have that many options.
Today the bid / ask spread is a fraction of a penny. You can put in larger orders without having the market move against you.
I have heard the argument, and I tend to believe it , that this rapid trading has made the market more volatile in the short run. The middle men would eat their free lunch but would tend to even out the high and lows of the market.
It did not. You could be thinking of 2 different things.
You might be thinking of the Collateralized Debt Obligations (CDO) Market. Here we have swaps that are built on slices of bonds which are built on mortgages. Or, better yet, synthetic CDOs, where are swaps built upon other CDOs. Instead of doing the hard work of evaluating the thousands of underlying pieces people used algorithms to determine the prices – and then the banks used the CDOs as collateral to borrow money to buy more CDOs. The algorithms made bad assumptions about the statistical on defaults. This is a completely different beast – it moves very slow.
Or, during the same time, a lot of firms that used statistical algorithmic trades (which Knight is) where losing money. They were using computers to shave pennies of trades – basically eating the lunch of the old line market makes. For years they were quietly chugging away making a constant steam of money and all of a sudden they were losing money. The computers worked fine. The markets were in a state of chaos, the underlying assumptions were no longer valid. A lot of them just turned off their computers for 6 months until the market sorted itself out again.
Look at your peers. How do fellow managers dress? If you are meeting external people (clients, vendors) how do they dress. How does your boss dress? I had a point haired boss who gave me 1 good piece of advice, don’t dress for the job you have, dress for the job you want.
Be neat. Clean, well-fitting cloths go a long way. Some people can pull of a professional look in jeans, t-shirt and jacket. Some people can’t pull this off, but there are a lot of geek polo shirts floating out there.
Be subtle. Be more like Howard Wolowitz then Sheldon Cooper from the Big Bang Theory. Sheldon’s t-shirts tend to scream. Howard always a little geek around him (belt buckets, pins, etc.)
All of the shares issued (A shares) were voting shares - getting 1 vote per share.
All of the shares pre IPO (B shares) get 10 votes per share.
So MZ is not leaving the firm unless he wants to or something really dire happens – and I don’t consider a 50% drop in stock price as really dire. It would have to be along the lines of major breach of ethics, outright fraud, etc.
Google, Ford, is also set up with the same dual class structure.
There is a great photo of Bill Clinton going duck hunting with a assault weapon (shotgun, not riffle) –IIRC – right after he banned their sale as president (ban has since expired). In this day and age a pistol grip is considered more intuitive. It is a style thing - how you hold your weapon.
And, as the article says – not a clam shell.
IIRC the Tandy Model 100 was the last piece of software personally coded by Bill Gates.