1,364 karma · joined October 30, 2007
"The root cause for the current crisis seems to be the excessive use of leverage.
To take an example, a company with a net worth of US$ 25 billion borrowed 26 times its net worth and creates leveraged funds of US$ 650 billion to invest or lend them. When a small portion of the company's investments turns bad, as is the norm for the industry, the company's capital is under threat. To put things in perspective a 3.8 percent misjudgment in their books was enough to wipe out their shareholders' capital of $ US 25 billion."
http://economictimes.indiatimes.com/Features/Financial-Times...
"When disagreeing, please reply to the argument instead of calling names. E.g. "That is an idiotic thing to say; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3.""
I may be childish, but it has been the unofficial acronym for at least a decade so obviously whole generations of children use it.
Last but not least: Voting everything down you don't agree with is childish. I argue with people and don't vote them down like some bury brigade just because I disagree.
As a result of the financial crisis many people lost their homes. Maybe that was too complex for you to understand the connection and you still trust your bank. That's OK for you, it's your choice. Still many people don't trust banks anymore with good reason.
Unless of course many HN readers work at Google ;-)
Before we reach the age of data portability or proper ownership of data you have to limit the power of third parties over your name. You have to use those services or someone else might do for you unofficially but you have to keep your name and contacts to yourself.
So basically you need a good SEO and CRM strategy where you own your name and contacts yourself independently of services like LinkedIn or Facebook.
http://news.ycombinator.com/item?id=841484
Who trusts banks these days anyways? When they go bankrupt you lose your home.
Compared to this the YikeBike is really cool: http://news.ycombinator.com/item?id=810787
Here is the link where I said it in case you still don't get the context:
Exactly. You don't contribute much of value though with your zero submissions. People who only manage to criticize others while using the community resources and not contributing to those should not try to teach others who do contribute regularly. Try to find some relevant stories first to share and then tell me how you do it not before you even tried.
Thank you, very kind of you. I thought you rather assume that I am not entitled to it. Thus you try to subdue it by voting it down and telling me not to submit stuff like that. You are really very generous.
"Ignoring my comment on the healthcare post (which I only did because you submitted a bunch of them in a reasonably short space of time and the HN gimmick was too good to pass up)"
Are you some kind of weird stalker or something voting everything down of mine or on a particular topic? Get a life then. Btw. I wouldn't need to resubmit stuff when people wouldn't block it from being seen. People who like to decide what others are allowed to see should work as censors for China but stop policing democratic communities.
"the vast majority of submissions and votes, is very tech startup oriented"
Yes, indeed it is, which sometimes gets a little boring. HN is not strictly a niche topical community it deals with everything hackers might interest so please let the hackers themselves decide, here 6 of them did. I don't see a problem with the occasional non-Ruby, TechCrunch or startup article.
"You are free to disagree"
Thank you again for this generosity but it's not something you allow me to do, I have the same right to voice my opinion here as you do.
P.S.: Ever since I'm on the Web (1997) people like you always shouted "off topic". In most cases where they succeeded the places they did it on died off due to their topical limitations as the subjects evolved.
"If your account is less than a year old, please don't submit comments saying that HN is turning into Reddit. (It's a common semi-noob illusion.)"
http://ycombinator.com/newsguidelines.html
In your case it seems one year wasn't enough.
http://news.ycombinator.com/item?id=840702
To be honest, I don't use Digg, Reddit or any other main stream social news sites and I won't due to several factors so don't tell me to go there. Also when some people like a story enough to vote for it this story must make sense to some "hackers" too.
I rather get tired of the hard core programming langauge stuff that's better suited for http://www.dzone.com/
Still, I just ignore it and don't tell others to shut up. I don't know why YOU feel entitled to me to shut up.
Btw.: Where I live hackers are the most political people around. I just say Pirate Party so I don't understand why hackers are not even allowed to discuss business and tech policies here.