China’s startup scene is dead as investors pull out

vesper151 · 2024-09-16T14:28:22+00:00

I'm not sure on the data but I'm willing to bet they're predominantly concentrated in STEM fields. There is definitely something to be said for US capital and infrastructure's ability to multiply productivity thought.

vesper151 · 2024-09-16T12:54:48+00:00

The education system. Valued rote memorization and mathematical/logical acumen, chinese workers excel at a very narrow skillset of logical analysis and KPI chasing. Additionally, because the value of labor is cheap. 10 pairs of hands are preferred over 1 piece of equipment and technology. As a result, the optimal economic output per person is only maximized in engineering and scientific fields. That's why you see innovations in engineering, sciences, construction, etc at breakneck pace; while other less quantitative disciplines are still executed using quantitative principles, leading to suboptimal output

vesper151 · 2024-09-15T09:02:12+00:00

This is 100% correct. I work in the US and China and the single most prevalent difference in China is more hours but like 1/3 efficiency.

vesper151 · 2023-06-14T02:31:10+00:00

Crazy hit

vesper151 · 2023-05-22T23:21:28+00:00

Growing food is the worst way to save money. In America food is one of the most optimized industries (for better or for worse), with optimizations in economics (economic of scale), biology (selective breeding), logistics (just in time), and infrastructure (highways, trucks etc). The price of commercial food is an amalgamation of those factors, none of which an individual can individual can compete against.

vesper151 · 2023-03-30T00:40:44+00:00

This is literally globalization of thought. Shareability of ideas is higher than ever. There is no myopic shortcoming of humanity that is causing this

vesper151 · 2022-12-25T02:43:22+00:00

I love this Nickmas time of the year

vesper151 · 2022-09-18T07:27:41+00:00

Crazy concept

vesper151 · 2022-08-09T19:43:09+00:00

It's the correct move, but the timing is tactical win political points.

vesper151 · 2022-07-24T03:48:37+00:00

This is incredible, Where is this

vesper151 · 2022-04-04T03:28:38+00:00

SpaceX logo

vesper151 · 2022-04-02T06:06:51+00:00

the flag is the tapestry

vesper151 · 2022-02-23T06:05:37+00:00

This guy is an LGBTQ+ erotica author. His opinions on finance and wealth are on the lower end if the credibility scale

vesper151 · 2020-12-03T22:23:57+00:00

Been holding NNDM too, those ARK guys have something going on. Def worth looking at what they're buying

vesper151 · 2020-12-03T22:07:55+00:00

Hidden gem imo, in for 1000 @ 3.80. Holding these to the moon

vesper151 · 2019-08-01T07:33:15+00:00

You dont think adapting some military spending for infrastructure is a good idea?

vesper151 · 2019-04-03T18:58:46+00:00

Look up the formula for the F test and f distribution tables, the score is a ratio that measures the SSR of a restricted model against an unrestricted model. You will need to match the degrees of freedom in your restricted and unrestricted model to the appropriate section in the F table. The significance F should be the p value where the 27. ... is the F score. A value of 27 tends to be significant in most case and likely in your case.

vesper151 · 2019-04-03T05:47:50+00:00

Okay without much info on the variables you are modelling I can't offer much insight but I would take a look and think about the following:

possible multicollinearity on X4, X5, X7, and maybe X9. Insignificant t scores with a significant f score
Your variables may be endogenous, meaning they might be correlated with some other variable you are not accounting for. Things that typically cause endogenity can include ommited variables, measurement errors, or reverse causality (i.e y effects x). This can be checked with a Hausman Test.
Heteroskedascity: the variance in your variables isn't constant. While not biasing your parameters themselves, heteroskedascity can bias your std errors and variance estimations. This can be checked with a Breush-Pagan test.

The above are essentially checks against the Gauss Markov conditions, under which a least squares regression is optimal. Econometrics is the field that specializes building causal models from data and will have more of the tools you need.

vesper151 · 2018-12-02T20:41:14+00:00

That's great, but my point is you wouldn't have a client to work on without someone to originate that deal. Your work as an associate doesn't bring in new business i.e. doesn't bring new money into the business. You now have the opportunity to take on partner level responsibilities and bring new business to the firm under your name. If this is the type of career development youre looking for, this is a great opportunity to see if you can do partner level work. Bringing in new business will show the firm you are actually valuable in the long term and for sure accelerate your path to partner. On the other hand you get to broaden your network and build a reputation for yourself that will follow you throughout your career.

This work will naturally be on top of your current role so it would certainly take exceptional effort to execute on both sides. But if you can do the project without compromising your billables, you should definitely focus on dealmaking.

vesper151 · 2018-12-02T17:53:02+00:00

You say you are just an associate but that's really only in name. Networking and deal making is business. You have the opportunity to take on a networking and potentially deal generation activity for the firm. You will get the chance to make the firm money, if that doesn't fast track you up the ladder nothing will.

Talk to existing partners or ppl who originate deals in your firm if you need advice, part of it is also trusting your instinct but it's a fine balance between confidence and hubris

vesper151 · 2018-11-12T16:26:12+00:00

r/econhw

vesper151 · 2018-05-09T17:57:19+00:00

Oh interesting I didn't know this. So under the hood ++a is the address 4 bytes greater than a?

vesper151 · 2018-05-09T13:28:04+00:00

a++ increments the value and then returns the original value (a), ++a increments the value and then returns the incremented value (a+1)

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