Saw a thread on Hacker News discussing this article: https://minnenratta.wordpress.com/2...software-engineering-lead-of-a-multinational/ There are a lot of solid points there but I particularly like (have seen) this one: "An organization populated by a majority of incompetents has less than zero net-worth : it is able to destroy other adjacent organizations that are not similarly populated".
"Fire whenever you get away with", creates toxic workplace cultures over time, though management will be blind by it until the axes finally grind themselves. Studies show that such culling actually lowers productivity and innovation too, as it creates really bad group dynamics where everyone in the group vie to be #1, do the "best" type of work, avoid necessary risk-taking, creates blame-culture, dissolves trust, team-work, mentorship and constructive diversions, etc. Otherwise these read like a summary of common workplace experience. Management just doesn't hear about it, since everyone is punished by pointing out flaws or taking initiative.
[quite]Incompetence is fiercely gregarious while knowledge is often fractious; the reason for this is that raw ideas transfer more easily through untrained minds than refined ideas transfer through trained minds. There’s a reason why large organisations focus so much on simple messages, pity that difficult problems often have simple solutions that don’t work.[/quote] Some of ideas, like the above, are very true even outside of the software development context.
Fortunate for us, the retail traders. And an explanation why the "big banks" don't know and can't control everything. That, apart from the fact that no matter what big companies you round up, most of the smartest people in this world don't work for them.
Dashboard of the Bugatti Chiron 1500 HP Top speed 311MPH $2.61 Million https://www.bloomberg.com/news/arti...i-chiron-top-speed-price-photos-video-preview
It all means nothing until Captain Slow gets behind the wheel and does what the car says it can do. Or Clarkson, at the very least. Aside from that, it is all fluff.
But.. isn't it similar with trading strategies? Raw trading ideas transfer more easily through untrained minds than refined trading ideas transfer through trained minds. There’s a reason why large groups of traders on Internet forums focus so much on simple strategies, pity that difficult problems of beating the market often have simple solutions that don’t work. Talk about: "sell premium and you'll make money". Simple.
Patek Philippe 3939. Minute repeater Tourbillon. $350,000 https://www.ebay.com/itm/Patek-Phil...eating-Tourbillon-Watch-Ref-3939/292349487714
Ok, explain this to me. Why would anyone want to pay anything for a watch that is, by construction, less accurate and durable than a quartz/electronic one? Also, if you paid X thousand for a thing like this, wouldn’t you be always scared to lose it or break it?