It's a bit like planting sequoias versus planting eucalyptuses. OK, I concede that the analogy may be sketchy, but you get the idea...
Although still a desktop software product, JMP is so robust today that the latest, version 8, can display graphically millions of rows of data.
Although?? It's a desktop software product because the desktop is powerful. The personal computer you have under your desk is a very powerful machine. It's a shame that a lot of software moves as slowly as molasses and isn't coded with performance in mind.
"Maybe it was because I was in the financial field. It's a zero sum game. You cannot make money unless someone else is losing money. That's one of the reasons why I like science: it doesn't work that way."
That's embarrassingly false.
Trading = Zero Sum
Investing != Zero Sum
Thing is, D.E. Shaw was not in the long-term investment business... and I doubt he's that ignorant about Finance. I mean, his hedge fund is quite prestigious...
This seems plausible, but of course, it comes at a cost. Part of that cost is that for smart people it can be more lucrative to trade something than to make something.
Don't forget that the sole purpose of trading is to finance making. Trading has no intrinsic value. It's the bureaucracy of capitalism ;-)
Making is ultimatively just pushing atoms (or ideas), too.
Computing, just as trading, has no intrinsic value. It has value only insofar as it achieves its goals. I doubt that trading has been achieving its goals in the most efficient and effective way possible recently.
In 2007 the financial industry in the US made 70% of all corporate profits. Obviously, something was out of balance and it's rebalancing now. Part of that rebalancing will no doubt be a shift of labor away from that bloated financial services sector.
I don't think this critique should be taken as offensive or disparaging at all.
No offense taken.
People who grow up on farms or in farming communities are widely supposed to be honest, plain spoken, unassuming and religious.
People who grow up in the big cities of the east coast are expected to be cunning, devious, greedy, atheistic and untrustworthy.
People who grow up in the affluent suburbia of the west coast are generally thought of as creative, decadent, and prone to inappropriate cultural exploration, believing in strange gods, making love to trees, etc.
In reality these regional stereotypes are as misleading as any national caricature.
This guy is my new hero!
An executive vice-president at SAS, Sall remains JMP's chief architect, running a team of 100, including 20 developers
What are the other 80 people on the team doing if not writing code!?