In my experience you can’t even buy a similar plan as an individual. And definitely not at the same price.
40 karma · joined May 26, 2012
In my experience you can’t even buy a similar plan as an individual. And definitely not at the same price.
https://twitter.com/gvwilson/status/1326190553738977281?s=20
It looks like he was at least partly inspired by this article [1].
[0] https://www.psychologytoday.com/us/blog/inviting-monkey-tea/...
And note they describe that small picture as "zoomed in", So I figure 400km is about 23 or maybe 24 pixels at most =D (or a diameter of less than 50 pixels).
Waiting for someone to find an even better estimation!
The Economist seems to have broken the link to the content on their site, but below is a video the Economist posted on Youtube and the articles posted on the personal blogs of Blank and Horowitz. https://www.youtube.com/watch?v=AfX9VLsUWwc http://www.bhorowitz.com/debating_the_tech_bubble_with_steve... https://steveblank.com/2011/06/15/the-next-bubble-dont-get-f... http://a16z.com/2011/06/17/debating-the-tech-bubble-with-ste... https://steveblank.com/2011/06/17/are-you-you-the-fool-at-th... https://steveblank.com/2011/06/22/the-internet-might-kill-us...
This whole story is a fabulous insight into software development for business over the long-term.
I'd claim that I subconsciously 'corrected' it, but let's be honest: what good would a post about a typical HR error be without a typical programmer error!
But that's grasping at straws, and if that is the intention it's a really unfortunate way of putting it.
[1] http://en.wikipedia.org/wiki/Agile_software_development
* edited to address the < / > mistake MaysonL pointed out. Thanks!
http://perspectives.mvdirona.com/2013/02/04/ThePowerFailureS...
I think that's at least a little disingenuous though... If there is no trading then it makes sense that bids will be increased and offers decreased in order to 'entice' trades. No trading means the bid/offer are too low/high - basic econ 101.
As soon as there is trading two things happen: 1) bids and offers are hit, meaning they are removed, leaving lower/higher bids/offers as the next best. 2) The HFT algorithms know that when there is a lot of trading they should lower bids and raise offers, because excess demand indicates the bid/offer are lower/higher than they need to be. Essentially, they are realizing that they are leaving money on the table.
This all might look like price manipulation to an outsider, but to anyone that knows what is going on it's just the way markets work. The difference is that it happens a lot slower in markets humans are used to.
In my mind what would indicate a problem is if bids and offers widen AHEAD of trading. This would mean the HFTs are finding out that somebody wants to trade and adjusting their quotes BEFOREHAND. That's front-running and illegal. But I don't see evidence of that here.