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greatwave1

763 karma · joined December 1, 2018

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greatwave1··on Mercedes-Benz workforce to receive record profit-sharing bonus
Mercedes-Benz's market cap is way higher (like, almost 100x higher) than $106M, and I don't think that market cap is the right metric to use when evaluating a company's ability to pay its workers.

Mercedes-Benz had roughly the same net income as Facebook last quarter, and in the same ballpark as all of the major US tech companies, and still has significantly lower average pay.

greatwave1··on Kraken lays off 30% of staff
Just because you can find some individual stocks that are down 80% (and keeping in mind that 80% != thousands lol), doesn’t mean that the most volatile decile of the stock market hasn’t outperformed crypto.

The iShares Small Cap Growth ETF (which is a probably a decent proxy for the most volatile companies in the market) is only down 13% on the year.

greatwave1··on Kraken lays off 30% of staff
> Crypto is performing far worse than even the riskiest decile of the stock market. Which should surprise nobody.

> This is not true. The riskiest stocks are down thousands of %.

I mean, sure looks like you were trying to argue that crypto isn't performing worse than the riskiest decile of the stock market, which just isn't true at all.

greatwave1··on FTX was registered with and licensed by the CFTC, which failed to regulate FTX
Terms and conditions aren't necessarily enforceable, and they really aren't necessarily enforceable when it comes to financial services, and they really really aren't necessarily enforceable when it comes to blatant fraud.
greatwave1··on The Age of Distracti-Pression
Scotland's life expectancy at birth is ~78 [1]. Glasdow's life expectancy at birth is ~74 [2].

You're likely confusing life expectancy with "healthy life expectancy", which is a different metric that measures the number of years a person can be expected to live in good health.

[1] https://www.nrscotland.gov.uk/statistics-and-data/statistics... [2] https://en.wikipedia.org/wiki/Glasgow_effect

greatwave1··on Facebook's TikTok-like redesign marks sunset of social networking era
Have you considered that what's a "weird Spanish style burger" to you is likely a regular old hamburger to someone who lives in Bilbao, Spain
greatwave1··on Show HN: Find the 10 highest and 10 lowest correlations to any stock
Yes, it makes sense. An asset's correlation are with the broader stock market is quantifiable. See also: https://www.investopedia.com/terms/b/beta.asp
greatwave1··on Ask HN: Who is hiring? (May 2022)
Quiver Quantitative | Wisconsin | REMOTE | Flexible Hours

Quiver is a next-generation investment research platform designed for retail investors. We scrape dozens of unique alternative datasets from around the web, and provide them in an easy-to-use website. This allows retail investors to tap into the power of big data, and access the same resources that are increasingly being used to drive investment decisions on Wall Street.

Since launching in February of 2020, we have grown to over 300,000 registered users and been featured on platforms such as CNN, Bloomberg, Vice, and the Washington Post. We are now looking to expand our small team to continue fueling our rapid growth.

We are seeking a:

    - Senior Full Stack Web Developer (Django, Postgres, AWS)
    - Senior Frontend Engineer
Apply Here: https://jobs.vivahr.com/7724-quiver-quantitative/jobs
greatwave1··on Ask HN: Who is hiring? (March 2022)
Quiver Quantitative | Wisconsin | REMOTE | Flexible Hours

Quiver is a next-generation investment research platform designed for retail investors. We scrape dozens of unique alternative datasets from around the web, and provide them in an easy-to-use website. This allows retail investors to tap into the power of big data, and access the same resources that are increasingly being used to drive investment decisions on Wall Street.

Since launching in February of 2020, we have grown to over 300,000 registered users and been featured on platforms such as CNN, Bloomberg, Vice, and the Washington Post. We are now looking to expand our small team to continue fueling our rapid growth.

We are seeking a:

    - Full Stack Web Developer (Django, Postgres, AWS)
    - Digital Designer
Apply Here: https://jobs.vivahr.com/7724-quiver-quantitative/jobs
greatwave1··on Show HN: Test your shape rotation skills
Waiting out for the wordcel version of this
greatwave1··on I'm getting tired of modern meme culture
>There's also a lot more people trying to meme who are really awkward at it - see every Minions meme ever.

There's nothing awkward about those wacky tic tacs! https://www.reddit.com/r/WackyTicTacs/

greatwave1··on Interview success can depend on how you schedule interviews
>if you want to work for a big tech company.

There's the bold assumption haha. I'm certain that less than 5% of all job interviews use leetcode.

Even in big tech, I'd imagine the majority of interviewees (such as the product manager who wrote the original article) won't need it.

greatwave1··on I'm getting tired of modern meme culture
Based on several statements like this:

>I feel this fact was exemplified by the "Damn Daniel" clip from 2015. I hated it at the time and still do. There was no humour to it. It was funny because everyone else thought it was funny.

It seems like a lot of author's criticisms are due to them no longer being a part of the in-group which memes are being created by and intended for. I can ensure you, many teenagers found humor in the "Damn Daniel" clip in 2015.

Given how heavily memes are tied to identification with an in-group, I imagine they will have an ever stronger "kids these days don't know real music" effect than other forms of pop culture.

greatwave1··on Interview success can depend on how you schedule interviews
"-Practice leetcode since it will make up 50-60% of the interview process"

I know we're on HackerNews, but this is still a very bold assumption lol

greatwave1··on Movie dialogue has gotten more difficult to understand
> My impression is: The "arteestes" have taken over Hollywood, and making stylish movies take precedence over making movies that are easy to watch and hear.

Based on what? In my experience, most of the worst audio experiences are middle-brow action movies (such as Edge of Tomorrow and Nolan's movies), not auteur.

greatwave1··on Nancy Pelosi's Husband Buys Microsoft Ahead of Big Govt Contract
I've been working on a web dashboard that estimates the trading returns of U.S. Senators, based on their disclosed trades: https://www.quiverquant.com/sources/senatetrading

It's worth noting that members of Congress are given a 45-day window before they are required to disclose any new stock transactions.

greatwave1··on Hacker News sentiment towards Big Tech companies
That is correct, this was calculated using VADER sentiment analysis (https://github.com/cjhutto/vaderSentiment)
greatwave1··on Hacker News sentiment towards Big Tech companies
I used VaderSentiment (https://github.com/cjhutto/vaderSentiment) for sentiment analysis.

It's not a perfect solution, as I'm sure some of the discussion on these companies is loaded with jargon that wouldn't be interpreted accurately by a general sentiment analyzer.

greatwave1··on Sacklers–who made $11B off opioid crisis–to pay $225M in damages
The Sackler's settlement doesn't even scratch the top 10 of the largest corporate fines of the last two years, and is less than 1/20th of what Facebook paid for privacy violations in 2019.

Source: https://www.quiverquant.com/sources/violations

greatwave1··on Reddit's Stock Threads Become a Must-Read on Wall Street
I've been working on a dashboard to track the sentiment and most mentioned tickers in the WSB daily discussion threads at https://www.quiverquant.com/wallstreetbets/

You can follow along and see how the WallStreetBets "portfolio" performs compared to the market every day.

greatwave1··on Tracking the Top H1B Employers and Their Median Salaries
Data is sourced from the Department of Labor: https://www.dol.gov/agencies/eta/foreign-labor/performance
greatwave1··on Tracking the Top H1B Employers and their Median Salaries
Data is sourced from the Department of Labor: https://www.dol.gov/agencies/eta/foreign-labor/performance
greatwave1··on Trump administration announces overhaul of H1B visa program requiring higher pay
Thanks! Data is sourced from the Department of Labor: https://www.dol.gov/agencies/eta/foreign-labor/performance

If you click the column heading in the second table, you should be able to sort by median salary for the major H1B employers.

Any suggestions on where to find non-H1B median salary data, aside from doing something like scraping Glassdoor?

greatwave1··on Trump administration announces overhaul of H1B visa program requiring higher pay
I'm working on a dashboard to track H1B visa hiring and salary data at https://www.quiverquant.com/sources/visas

Right now you can use it to see the biggest H1B employers and their median salaries for workers on visa. Open to any suggestions on how to make it more useful!

greatwave1··on Tracking CEO Compensation
I built this dashboard using data from the IEX Cloud API and Python.

It was interesting to see that Elon Musk received almost 10x more compensation than any other Russell 3000 CEO last year, primarily due to the large performance incentives included in his contract.

greatwave1··on The age-old strategy of buying cheap shares is faltering
With interest rates near 0%, equities are one of the few places you can expect to earn a reasonable yield on capital. The Fed has made it clear they don't plan to raise rates in the foreseeable future, so don't count on the demand for stocks to go away anytime soon.

If you're curious about how retail confidence is holding up, here's a dashboard I'm building to track discussion on the notorious WallStreetBets subreddit: https://www.quiverquant.com/wallstreetbets/

greatwave1··on The Problem of Twelve
This project was inspired by “The Problem of 12”, the fact that most public companies are increasingly being controlled by a small group of institutional investors: https://ssrn.com/abstract=3247337

There is compelling evidence that this shared ownership can lead to anticompetitive outcomes, such as lower wages and higher prices: https://ssrn.com/abstract=2427345.

My goal is to highlight the extent to which voting power in many competing companies is being concentrated among a small number of institutions, and spark discussion about this problem.

Let me know if you have any suggestions for improvements to the dashboard!

greatwave1··on Shared Ownership between S&P 500 Companies
This project was inspired by “The Problem of 12”, the fact that most public companies are increasingly being controlled by a small group of institutional investors: https://ssrn.com/abstract=3247337

There is compelling evidence that this shared ownership can lead to anticompetitive outcomes, such as lower wages and higher prices: https://ssrn.com/abstract=2427345.

My goal is to highlight the extent to which ownership of many competing companies is being concentrated among a small number of institutions, and spark discussion about this problem. Let me know if you have any suggestions for improvements to the dashboard, or ideas for new projects for me to work on!

greatwave1··on Staff Report on Algorithmic Trading in U.S. Capital Markets [pdf]
"Although some studies argue otherwise, a number of academic papers study the effects of algorithmic trading and high-frequency trading on volatility in equity markets and find evidence that, under normal market conditions, they reduce short term volatility."

That's interesting, and goes against the conventional wisdom that markets driven by automated, high-frequency trading will be much more volatile. I wonder if HFTs made major changes to avoid another Flash Crash.

greatwave1··on A dashboard that lets you see the environmental impact of facilities near you
I run an alternative data website, and I recently decided to examine different companies’ environmental impact. This data comes from the EPA’s ECHO database, which tracks greenhouse gas emissions from facilities around the US.

Looking to expand on this dashboard over the next few weeks, please let me know if you have any suggestions on other data sources or visualizations to consider adding.

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