Quant Investor Cliff Asness Hasn’t Smashed His Screen This Year Yet

Re:Quant Investor Cliff Asness Hasn’t Smashed His Screen Thi... by otabdeveloper1 on Friday October 05, 2018 @06:16AM (#18146966)

Google employs 70000 people, when in fact they could do what they do with just 700. (If they bothered to actually hire the top 1% of developers.)

Operating with 1% of peak efficiency seems insane, until you understand that Google doesn't hire people to make products, they hire people to increase their market cap.

This is a delusional system that is opposite of 'market efficiency'.

Eventually the system will collapse in a horrific crash and we'll start over with something that doesn't violate common sense or laws of physics. For now all you can do is grin and take it.

[ Parent | on HN ]

Re:Quant Investor Cliff Asness Hasn’t Smashed His Screen Thi... by b_tterc_p on Friday October 05, 2018 @04:34PM (#18151506)

This doesn’t make any sense. Imagine you have the 7,000 best employees and your ops are smooth. You are told that #7,001 will net improve the business. Are you delusional to hire that person? Or do you think that a profitable 7001th person does not exist?

[ Parent | on HN ]

Re:Quant Investor Cliff Asness Hasn’t Smashed His Screen Thi... by Latteland on Friday October 05, 2018 @09:43AM (#18148029)

That comment is hard to understand, please explain, it seems irrational. Why would Google hiring 69,300 useless engineers increase their market cap?

[ Parent | on HN ]