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Comment: Re:Troubling signal, why? (Score 1) 471

by BrianRoach (#40065893) Attached to: Facebook Shares Retreat Below IPO Price

I know what everyone is saying about how the $38 share price was perfectly picked as the correct valuation of the company, but (and I am not a financial expert) what does this mean to the people who bought in on Friday? With no major share price movement they are left with a bunch of stock certificates and all their money in the hands of FB. How does this become a worthwhile investment for them?

Define "people".

Individual investors were chumps from the start (pretty much every analyst had said not to buy it) and allowed the financial institutions to make a nice 20% profit in a few minutes, selling their shares @ $42 - $45 when it opened.

If you're a financial institution ... it's a long term investment that you believe will pan out. They thought $38 was the correct valuation and are in it for the long haul.

Comment: Re:Math/Fact Check (Score 1) 523

by BrianRoach (#38523858) Attached to: Why We Agonize Over Buying $1 Apps

Not to be pedantic (ok, I am) but one per day was never mentioned.

I watch people at work make multiples of such purchases daily ($4 coffees, $2 cinnamon buns, etc) then complain that they don't have money to buy things ... like a new(er) car.

$10/day buys you a Versa on a 6 year loan at a low interest rate with a minimal down payment.

Comment: "cards closed per week" (Score 2) 223

by BrianRoach (#38380038) Attached to: The Four Fallacies of IT Metrics

I worked as an engineer at a company the professed to be "agile" (the quotes are because really, not so much). They started judging performance by "cards closed per week".

You'd be amazed at the number of cards that will be created and closed under those conditions. Our productivity *soared* (according the graph that showed productivity as a measurement of cards closed per week ... ).

Comment: Re:RTFA - really, it's interesting! (Score 1) 845

by BrianRoach (#38327212) Attached to: Are You Better At Math Than a 4th (or 10th) Grader?

First of all, we have to remember that the sample questions were from the 4th and 8th grade, but the test he failed was 10th grade. At that age level, the questions might already be hard enough that it's justifiable to have forgotten a couple of rules and fail as an adult.

Not so much. If you follow the links you'll find up here: http://nces.ed.gov/nationsreportcard/itmrlsx/landing.aspx

Here's a sample question from the 12th grade mathematics test, specifically one marked "hard":

"The postal rate is 25 cents for the first ounce and 20 cents for each additional ounce or part of an ounce. What would it cost to mail a package that weighs 6.8 ounces?"

So in short, on top of all the other things you detail in your post which IMHO is spot on, the guy really is operating below a functional level when it comes to mathematics. Given this and those things, I'm going to go out on a limb and say he's probably not really that great at much else either.

I B M U B M We all B M For I B M!!!! -- H.A.R.L.I.E.

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