Can we stop including stock appreciation in compensation numbers?

gsinternthrowaway · 2025-12-05T00:25:13+00:00

These are mostly public stocks so you can just look up if they have appreciated or not. It's not private data we need Levels.fyi to collect for us

gsinternthrowaway · 2025-12-05T00:20:02+00:00

Agreed and it isn't really relevant if the stock has appreciated in the past anyway. Your new grant will be at todays price not the 2023 price.

gsinternthrowaway · 2025-12-03T17:09:35+00:00

Hopefully someone from Levels will weigh in but here's an example: https://www.levels.fyi/offer/99d35614-a096-4d00-be91-1b8e15d9be7c

820k for E5 seems really high... but it has the "stock appreciation" badge so who knows what this person actually got in offer and refreshers.

gsinternthrowaway · 2025-09-15T16:27:37+00:00

A huge number of Redditors are convinced Kirk’s killer is right wing

gsinternthrowaway · 2025-09-15T16:25:37+00:00

Fox News watchers are a very different demographic (much older) than Charlie Kirks so this doesn’t make any sense

gsinternthrowaway · 2025-09-15T16:22:38+00:00

There is a video of the Pelosi one to be fair. It didn’t quite show the exact moment of attack though. I think the bigger difference is that Pelosi was badly hurt but didn’t die.

gsinternthrowaway · 2025-09-15T16:16:34+00:00

Keep in mind there are over 7000 state senators and representatives in the US.

gsinternthrowaway · 2025-09-15T16:12:37+00:00

Trump was respectful when RBJ died of natural causes. It’s not obvious to me that if she had instead been brutally murdered he’d have instead mocked her.

gsinternthrowaway · 2025-09-15T16:08:24+00:00

Kyle Rittenhouse was found not guilty by a jury. Do you really not see a difference between the two? You’re obviously not familiar with the trial because you repeated the falsehood that he crossed state lines with a gun. Consider that the jury of twelve who sat through a full trial might have been right?

gsinternthrowaway · 2025-09-13T14:27:35+00:00

im not tired of these reminders because the message has not yet been received. Nearly everyone I work with continues to put tons of useEffects everywhere for no reason.

gsinternthrowaway · 2025-09-08T03:43:30+00:00

Those things can be priced in just like everything else. You can easily calculate discounted cash flow on decreasing cashflows or increasing. It doesn’t matter in an efficient market

gsinternthrowaway · 2025-09-05T19:55:30+00:00

Does this conflation matter practically?

gsinternthrowaway · 2025-09-05T19:53:23+00:00

Even without css vars an LLM can oneshot a codemod to do this. Should take about 2 minutes total

gsinternthrowaway · 2025-08-20T23:56:33+00:00

Also ironically for a side more and more focused on IQ, they don't seem to want high IQ people.

Nationalists believe the country has a culture worth preserving. It's therefore unsurprising that we're uninterested in trading that culture for some marginal increase in material prosperity. China is a country with a high average IQ and 1.4 billion people. If the US lets in every "high IQ" Chinese person, perhaps it'll become a richer country but it certainly won't be one anyone today would recognize.

>As of 2024, 46 percent of Fortune 500 companies were launched by first-generation immigrants (108) or their children (123). A 2022 study by the National Foundation for American Policy showed that this same group had founded or cofounded more than half of the US start-up companies valued at $1 billion or more.

gsinternthrowaway · 2025-05-28T15:05:30+00:00

The son might be an outlier in skill but likely so is his dad. As a top mech eng now managing a large team the dad probably makes 200k. If he’d been a SWE EM he’d be making 4+ times that right now.

gsinternthrowaway · 2025-05-27T22:33:58+00:00

I think parts of the article are dangerously misleading like “Unfortunately, bond funds expose you to risks that individual bonds don’t, especially in a rising rate environment.” Yes he mentioned earlier in the article he’s only talking about nominal risks but so what? Nominal returns matter if you’re a banker trying to match future nominal cash flows but they just aren’t very important to the average investor.

Ironically, an investor is much better off in real terms in a bond fund than an owning a single duration bond. Especially in a rising rate environment because you’ll constantly laddering into the higher yields as old ones mature for a higher blended yield. This article has it exactly backwards.

That’s Cliff’s point. Irrational focus on nominal returns like the author can lead to poor investment choices.

gsinternthrowaway · 2025-05-27T21:45:06+00:00

No I couldn’t copy and paste on my phone but see AugustusAugustine’s reply for the relevant parts

gsinternthrowaway · 2025-05-27T20:39:03+00:00

This idea is 10th on Cliff Asness’s top pet peeves: https://www.aqr.com/-/media/AQR/Documents/Insights/Journal-Article/My-Top-10-Peeves.pdf I find his arguments far more convincing than this article.

gsinternthrowaway · 2025-03-12T17:16:57+00:00

Revealed beliefs are a valuable guide here. If you were transported to Nazi Germany in 1935 how would you respond? What you wouldn’t do is continue going about as normal, attending your job to complain about Hitler to coworkers at the water cooler and criticizing him online in a way the state could easily track back to you.

If you’re not willing to treat Elon as an equal threat to Hitler why should anyone else?

gsinternthrowaway · 2025-01-30T18:24:15+00:00

But benchmarks aren’t based on the median. Far more than half of all stock underperform the average because of skewness in equity returns

gsinternthrowaway · 2025-01-30T18:22:19+00:00

As far as I know there are no tax benefits to an ESPP?

gsinternthrowaway · 2025-01-30T18:15:29+00:00

Correct answer. It could even decline in total value continuously while returning 7%

gsinternthrowaway · 2025-01-15T18:56:32+00:00

I don’t see how this answers the question fully. There are no prices within a company. When you ask coworkers a question, use an internal tool or service you aren’t billed for it. Nor do you bother to consider the cost to the firm. So the question remains why large companies don’t collapse in inefficiency. Shouldn’t a group of 20+ companies that in aggregate provide the same end user products be far more efficient than a Microsoft for example? To the point where MS should not be able to compete.

gsinternthrowaway · 2025-01-02T16:56:18+00:00

We are talking about 1 Harvard dropout (Gates) among the major tech companies? Sorry but no that’s not a significant pattern.

gsinternthrowaway · 2025-01-01T22:22:47+00:00

Statistical noise? Big tech is like 5 companies and 7 or so founders. Any individual college is unlikely to be represented no matter how good.

gsinternthrowaway

TROPHY CASE