This is the best analogy I've read to explain what's going on and takes me back to the days of Doom and how it was so transformative at the time. Perhaps in time the current generation will be viewed as the Doom engine as we await the holy grail of full 3D in Quake.
That's fair but look at the assumptions currently built into NVDA's stock price. Hard to say for certain but to some it's priced as if it has a monopoly on all things AI for a decade. If you can spend $6K (and less in the future) on a full system that runs a model for you where does that leave the assumptions baked into that stock price? I'm too lazy to have come up with a model myself but off the cuff it seems like there might be some dislocation in a lot of assumptions. I dunno. I'm kind of a luddite because of the .com bubble and this has the same feel.
I feel validated by this headline/post. I've said the same thing over and over in my career and am always astounded when I get pushback on using them as a means to describe systems and interactions, including from some managers (that weren't coders very long), that would claim "nobody uses them, just read the code".
I don't know how you communicate how systems work without them. You either create a terrible non visual version in the docs or a person ends up drawing them on a whiteboard from memory to pass that knowledge down.
That's actually not true. There's at least one other product at MS that uses ruby... Yammer. Although I'm not sure how much more incentive that would add for MS.
Like a couple of other mutual friends who've posted here, I've known Bob about 20 years. We met at a conference and became friends. While we never worked together we'd talk about whatever we were working on, or language/framework features, code style, etc. He was a machine that would delve deeply into anything out of an abundance of curiosity and he would sometimes be tough to keep up with on a topic he knew deeply that required a bit more context I didn't have.
That curiosity and enthusiasm spilled over into anything he did, including supporting his friends in their endeavors. He'd be the first to cheer you on and brag about you or what you were doing to other friends, almost to the point of embarrassment where he believed in you or your project more than you did, LOL.
It was like being around the sun and constant solar flares of positivity, almost like my golden retriever LOL... He was unlike anyone else I'd experienced in my 22 years in tech in SF. We had bonded over both being midwest boys and there was an unspoken bond between us that endured no matter how long it'd been since we last spoke. We knew and acknowledged that each of us was an oasis for one another from the funhouse mirror that is bay area technology. We could each exhale and be ourselves with no posturing. And if anyone had any reason to posture at all it was Bob. Everything he did was a winner and all that success never once went to his head.
So while Bob was a great engineer/technologist, he was a greater man who truly lived life by the golden rule and would've been successful in anything he chose to do. It still hasn't fully hit me that he's gone, and I can't imagine what Krista and the girls are going through right now along with the rest of Bob's family.
My heart goes out to all of them and anyone else that knew him well. Thank you Bob. Thank you for believing in me always and for being a great friend. The world needs you and more people like you. RIP... until we meet again buddy...
It was stupid to not hedge that interest rate risk. I mean, the Fed telegraphed their moves well in advance. I don't work in finance but it doesn't take a genius to see how that dynamic would play out if that's your job. Not something I would've thought about till now but if banking is your business, you tend to think of ways it can break and this seems as elementary as anything if your job is to ensure solvency in all conditions. I just hope other banks weren't this stupid.
Take a look at Cloud66. Been using it for every project over the last 10 years or so... It's like Heroku except you can control a lot more and not get locked into "enterprise" pricing when you need to scale or simply don't want to expose your database to the open internet (imagine that).
Your comment added nothing of value to this discussion. Replying and telling someone that you appreciate their "feelings" while ignoring the points made may make you feel good, but it neither refutes their arguments nor substantiates yours... if you'd even care to make any.
Organic demand growth is what we want, not this Frankenstein economy that's been created since at least 2008 if not earlier. Demand doesn't boost GDP, producing real goods and services boosts GDP. You can't spend your way to prosperity despite what any of the insane MMT economists might say.
I agree that wage growth is good but not in the manner it's happening right now, through insanely easy money policies creating massive inflation that's easily outpacing any of those wage gains. Again, you can't print and spend your way to prosperity. Maybe some of these tools would work if they'd ever let off the gas and removed them but that's not what's happening.
I think what's being talked about here is the back end implementation for ActionCable. By default it uses ruby threads to push over open web sockets. There's at least one production quality drop in implementation (https://anycable.io/) that address the default scalability issues you'll have with ActionCable. The async support would seem to allow one to go much further with default rails before needing to move to something more performant.
That's what you took away from my response? So what? It's not a problem that this kind of behavior is enabled and hurting the integrity of what the majority of people rely on for a shot at being able to retire someday? This is one fund that blew up during good times. How many others are out there acting this way and what's the risk that everyone is taking without even knowing by being invested in the market at all? Are you up for another GFC or bust that takes 10+ years to get back to even? Because these things are the seeds for that. Booms and busts aren't a good thing.
I guess I just see things differently. This isn't about being properly diversified, this is about the integrity of our markets and trust. I mean if the idea is that it's a free for all then why have securities laws at all? The US markets have been viewed as a haven of trust and stability. Garbage like this only serves to undermine that trust.
The idea that he only hurt himself is simply not true. Behavior like this distorts markets and price discovery. Speaking of discovery (DISCK/DISKA), that's one of the stocks he bought and ran up from low $20s to $60s. Everyone who bought along the way thinking that the company had turned the corner because of their new streaming platform and that it was now in favor on Wall St. has been crushed. Yes, the market is volatile, but it's even more volatile when we allow some participants to come into the market loaded with cheap money and create havoc. If we're going to allow this unbridled behavior it undermines confidence in the "market". I know I've lost complete confidence in it since the GFC and now with the antics of the Fed over the past year. Knowing that there's no true price signal on anything makes you not want to buy anything, or else accept that the activity is nothing more than a turn at the craps table.
And yes, in theory you should be fine long term, but the problem is it depends on your time window. The market can go nowhere for decades because of all the future profits that get pulled forward. We're staring that exact scenario in the face right now is my guess.
All this is to say but one thing... end the Fed. Their recklessness is enabling this kind of crap.
Stock buybacks end up being nothing other than a transfer of wealth from taxpayers to shareholders because anytime something happens the government steps in bails them out because they're too big. Now everyone knows that so there's no incentive for companies to act responsibly. The fact that it's now accepted and normalized is incredibly disheartening to say the least. No government subsidies. Let the capitalists figure it out. Otherwise let's just nationalize everything instead of privatizing profits and socializing losses.
My exact reaction as well. Or how about all that money used for stock buy backs over the last decade? Intel especially. It's been mismanaged and now it's putting its hand out for government money while having spent billions on stock buy backs. No more but of course it'll happen because the politics of it. Socialism for the rich and corporations, capitalism for the rest of us.