vania-janet/multiturn-rag-retrieval-data huggingface dataset:
&gt; because a 5-10% adverse move in an exchange rate is highly consequential to the bottom line.  But... didn't you just describe bitcoin? Rather than a 5-10% in the exchange rate of a stable currency, you're seeing orders of magnitude higher volatility.  It's going up now, but it can flash crash in a second since there is no real backing for the currency.
What you are asking about is called Interest Rate Parity. Or for a longer explanation the article Interest Rate Parity at Wikipedia.  If the US has a rate of say zero, and the rate in Elbonia is 10%, one believes that in a year the exchange rate will be shifted by 10%, i.e. it will take 1.1 unit of their currency to get the dollars one unit did prior.  Else, you'd always profit from such FOREX trades.  (Disclaimer - I am not claiming this to be true or false, just offering one theory that explains the rate difference effect on future exchange rates.
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Investing in the early 70s would have been fine, trying to pile on the boat after the fact (late 70s, early 80s), those people would lose.    The fluctuations then had largely to do with the collapse of the USSR.  Parallels could certainly be drawn to modern times, but the main thing is that if you invested early, you could ride out the worst of storms without having to worry about a company or a currency becoming worthless overnight.
Thanks for your reply! I presume then if I don't convert back (say I spend everything) then it's much the same. So my main consideration should be whether I think the currency will increase or decrease in my time away if I'm converting back
If you want to use that money and maybe don't have the time to wait a few years if things should go bad, than you will definitely want to hold a good bunch of your money in the currency you buy most stuff with (so in most cases the currency of the country you live in) even if it is more volatile.
"The economics in this are pretty, let's just say weird/off.  US looks richer because of borrowing money therefore it's currency appreciates in relation to other countries? I don't see the logic in this one.   The outsourcing jobs overseas phenomenon is a long term one. Firms don't do it cyclically with recessions. Recessions might force the hand of some firms to outsource but I don't see businesses suddenly bringing those jobs back en mass when a boom occurs. It also ignores the fact that when firms outsource, they can provide goods at a cheaper rate domestically thereby bringing down some costs. The decrease in costs might even make it cheaper for businesses to operate thereby allowing enough savings to hire more people. Who knows, the whole effect is somewhat ambiguous. To simply select the worst possible scenario and explain only that is pretty obvious bias.  ""... When Uncle Sam can no longer pay it's bills"" The video says it like it's a certainty. Somehow he knows for a fact that the US will default soon yet the Investment Banks with teams of analysts don't."
On the other hand, food producers may suffer losses from consumers being scared of stuff due to cultural differences or misunderstandings. Offal is generally not very popular, and ammonia is Windex which doesn't sound like I should be eating it, but if it's completely food safe, then that's a tough situation to solve.
"For sake of simplicity, say the Euro is trading at $1.25. You have leveraged control of $100,000 given the 100x leverage. If you are bullish on the Euro, you are long 80,000 euros. For every 1% it rises, you gain $1000. If it drops by the same 1%, you are wiped out, you lost your $1000. With the contracts I am familiar with, there is a minimum margin, and your account is ""marked to market"" each night. If your positive balance drops too low, you get the margin call. It's a zero sum game, for every dollar you make, there's a guy on the other side of the trade. Odds are he's doing this full time and is smarter than you."
"If you don't use leverage you can't lose more than you invested because you ""play"" with your own money. But even with leverage when you reach a certain limit (maintenance margin) you will receive a margin call from your broker to add more funds to your account. If you don't comply with this (meaning you don't add funds) the broker will liquidate some of the assets (in this case the currency) and it will restore the balance of the account to meet with his/her maintenance margin. At least, this is valid for assets like stocks and derivatives. Hope it helps! Edit: I should mention that"
It seems outsourcing tech usually turns out to be a disaster for most companies in the long term, and yet they keep on trying it because it appears to save money in the short term.  My last two jobs were helping re-write code completely from scratch because they used outsourced programmers and the code was so horrible that none of it was worth saving.  As someone else mentioned here, it's entirely possible there are some good coders in these developing countries.  But they seem to be very rare.  More typically, they lack knowledge modern coding standards and practices.  And even if they are good programmers, the lack of direct in-person communication results in a mess anyway.
Well it's not so simple as just swapping cash and assets. It has its unintentional effects. Such as encouraging debt, increasing inflation over a longer time period, decreased attraction from foreign investors.  And yea it drives valuations up, but it's making the assets overpriced. And we all know what eventually happens to overpriced assets.
"Why do these stories use the word ""avoid"" instead of ""delay"". It's only ""avoided"" if they never bring the money into the US and instead find some way to spend it off shore. If their stockpile gets too big, investors are going to want some sort of return."
Also, is seems the wife that's doing the taxes is very reluctant on giving me access to the statements. As an owner, I do have the legal right to those statements do I not? What power would a majority owner of a bar (40%) hold over the other two minority owners (each with 30%)? According to her, she's broken even on her investment, whereas I've collected not even half of my initial investment. The fact that you feel this is fishy reconfirms my belief that she not being truthful to some degree.
The websites of the most publicly traded companies publish their quarterly and annual financials.  Check the investor relations sections out at the ones you want to look at.
What? I can literally look at a list of individual salaries (I know they are self reported but nobody has a reason to lie about this) that is broken down on a year-by-year basis. The school literally gives you all of the information. How is it naive to believe its true? I'm sure this is the case at most state schools.
"&gt; Why is his age such a big deal?  Sure! Experience and studies are meaningless.   &gt; if he is competent enough and if he will guide the company effectively.  I agree with you!  Because you said ""if"" in the beginning.  You can assume with at least 98% certainty that he was not chosen to be the CFO because he's the most competent or very competent.  To be competent, you need to prove your competency based on your accomplishments in the past.  So with at least 97% certainty, he was chosen because he's the son of..."
gef05 hit it on the head -- the books get frozen when mergers/spinoffs happen. I worked as an IT guy at a company whose mission was operating call centers -- and they didn't bother paying the phone bill! Why? the terms were already agreed upon, and the powers that be were waiting for final legal sign-off. Try to figure out who the leaders are going to be after the spinoff, and start politicking them.
Have tact. Don't outright ask for it but drop all the hints/info for him to add two and two together. If he doesn't offer it to you today, he might tomorrow so don't ask for too much at once (you'll sound pushy and needy) and just appreciate the time to speak with someone successful even if he doesn't offer you a job.   During the interview, you'll want to find that right balance between being inquisitive and being stupid. Anything you can Google is probably a stupid question. Anything that asks for his opinion on a topic relevant to his field should be a better option. Career advice and any life advice and stories of how he tackled common problems you're facing are safe options.   At least that's my take on how these interviews should work. Easier said than done so keep practicing like you are now. Good luck.
Bullshit.  Do you actually work with young people or is this just a caricature you've imagined up? About 90% of the young people I've worked with are hard workers and want to improve their knowledge and proficiency. I've seen virtually no evidence of people just showing up expecting a 6 figure salary because they have a bachelor's degree.
"Yes, your privacy is invaded, that's the law in many jurisdictions. The goal is to make money laundering and financing Evil Things harder. That's why banks are required to request proof for every money transfer larger than a specific sum. This is only a minor issue most of the time. You will have some kind of agreement with that Money Management company and this agreement (or a copy of it) will serve as a proof of your lawful reason to transfer money. It works just like that - you get to the bank and say you want to initiate a money transfer, the clerk asks you to show the ""proof"", you give them your agreement or a bill that requests you to pay or whatever else document you may have that proves that you're bound by some kind of contract with the recipient of money. The clerk then makes a copy of the ""proof"" and it stays in the bank to back the transfer until it is completed. The copy is then stored for some time and later destroyed - that's up to how the bank handles documents."
Seems a little early.  Here's my advice: if you don't feel ready, you're probably not completely ready. In that case, it would probably be best if you worked as the assistant to the president of your business for a while to learn the ins and outs.  Even if you are confident, keep the current president around to help. Maybe they can occupy the vice president position while you take over ownership. You'll want somebody there who knows what's up when shit hits the fan.
I'm pretty sure, especially if he works for a bank, he wouldn't be allowed to give you that kind of thing. I know at Citi, where I work, you can't but we have a reputation of being real anal about this stuff. Makes sense if you know everything that goes on :)
This is why a lot of the advice in this sub pisses me off: a lot of people in here would rather lie by obscurity than confronting issues head on to resolve them. Which I guess makes sense if you want to work your way into an obtuse, dishonest company culture (sometimes perceived as the only way to get a job to pay your bills). But I've been able to do pretty well by being honest. I don't think there is a need to buy into the bullshit.   Edit: oops for some reason I thought I was in /r/jobs
This guy is doing you a *huge* favor by taking his time out to talk to you. These people are under enormous time constraints and you need to act accordingly. Don't babble on about what you're doing as an intern; the company could have hundreds of interns doing this exact same thing, and it's probably boring as hell.   Focus on asking high level questions about his career, his lessons learned, and his vision for the company. This man is going to be a treasure trove of advice and knowledge. Don't waste it talking about the LBO model you cranked out last week.
Remember that these are accusations coming from a competitor, and Uber has already returned the same accusations but with a bigger number. It's virtually impossible to prove these claims, unless a company is stupid enough to send an official memo or something like that.
Of course not, this is confidential information in the same way that I cannot phone up your bank and ask to see a list of the transactions that you have made. Any bank has to be extremely careful about protecting the private transactions of it's customers and would be subject to heavy fines if it revealed this information without the customer's consent.
I can give you some insight. You probably read some where that ceo thinks jpmchase as a tech company. Trust me he doesn't he was against cloud computing and is now against blockcain.  They are in business to make money simple as that, company's background is important just read glass door interview questions for your LOB
"This happens to us all the time. I've lost count of how many times we get asked for thousands of dollars in product for free for ""exposure"" and I'm just like zzzzz. Please. I wasn't born yesterday. Fuck off."
lol- yeah, I know how banks work. My point is EVERY transaction should be recorded somewhere. Banks have both internal and external auditors who's only job it is to monitor the transactions to make sure everything adds up. It just doesn't make sense that the CEO of the company would have so little idea of what is going on. Shades of Enron to me.
im not hating whats so ever man. I'm saying exactly what golfman is saying and that is to do your due diligence. Answer me this question so i know you have some kind of info on this business. What is their profit margin and overhead costs?
Companies straddle the line between being public and private, given that people in our society are basically required to have jobs to survive, and those are largely provided by companies.  I don't think they should be treated exactly the same as a private individual.  &gt;Let the whiny left begin their foolishness ...  Oh, wait...  You didn't actually want to have a conversation.  Never mind.
&gt;we have a right to know exactly what is going on in it.  We do?  The only thing I can think of that could give us a right to look their balance sheets would be the Freedom of Information Act, but even that doesn't cover everything.  Lots of government information is kept secret for good reasons. &gt;It's not the CIA where knowledge of its inner-workings could be a threat to safety  But it is, it's a threat to economic safety.  Bank runs create financial crises which ruin the economy, and revealing loan information of unhealthy banks exacerbates the bank run.
for starters get a cheap easy accounting software pack like quickbooks and have the salesmen train you on it's use and set-up. the 50k you put into the company will count as paid up share capital. then any future withdrawal from company account will show as loan to director.
I have no idea on that part. She only told me about this like a week ago. Besides my own research and documentation she has provided, I've not seen that. It's as easy as asking for it tho
"Thank you for the response, no they didn't ask for anything from anyone, and I certainly didn't give them any information. I was very skeptical but I don't want to be close minded. They claim that they never charge anyone for their mentorship. And the fact they talked so much about pyramid schemes really put me on edge. I guess I just would like to know if anyone else knew about this ""$10 billion in revenue private company.""  I read the article you posted and I didn't get that impression. The speaker said he was donating time because he felt like that was important for himself and his wife, to give back to the community.  Anyways I will give it a chance, cautiously, and worst case scenario it's an opportunity to network. Thanks for the insight!"
You do? So you are a good friend of Steve Jobs? Or is all you know random stories you read somewhere?  After all, you are not stating, that Jobs is sometimes mean to his employees. Or that he is sometimes aggressive when he doesn't get his way. You are talking about Steve Jobs true nature. And that, you can't know from some random texts you read somewhere.  By the way, it is about as idiotic, as your insult towards me.  ALl you make are random assumptions based on gossip and your own prejudices.
I have no way of knowing whether you are talking out of your ass or speaking the truth. And if all you can say is 'go read some books' I remain without a way of confirming any of this.  But thanks for letting me know your thoughts I guess?  &gt;Why would universal corporate finance principles not apply to large cap tech?   I don't even know what principles you're referring to, so i'm not in a position to argue against them. Nor am I in a position to accept them because you said so.
&gt;Don’t have anything to point out? Just say something like, “I’m not sure what these numbers mean,” and sit back. You’ve bought yourself almost an entire meeting of appearing smart.  I just explained the numbers :( Please don't make me explain them again.
very understandable concern.  people say that it's like 10% idea and 90% execution, but i agree that if i had some absolutely brilliant, new idea, I probably wouldn't be too eager to share it.  i expect most posts to be from people that are in the process of launching... i.e. the product is ready (or is nearly ready) but they want to get feedback on how to tweak it to improve.
It looks awesome and I wish that I had one.  There's the risk that they're losing money on the product, hoping to make it up when they sell enough units due to economies of scale. CNC units without touch screens and fancy alignment cameras cost 2k. If they don't sell enough units in time, maybe they'll have to close shop?  I worry that businesses that go to Kickstarter to get money might be doing it because everyone else that looked at their business plan turned them down. That's not always the case, of course.
* Why do I have to login before I can do anything besides read the cryptic text on the right?  * Why is this better than kickstarter?  * Is there anything more to this than a spaceman background and some very buzz-wordy text?  * Why did you re-submit this to /r/business after you submitted it three days ago?
Struggling startup right here. Software / web based, solid 4 years in. Past the ramen noodle phase now and this year was able to comfortably buy iphones for the kids. (first time ever actually splurging like that, felt great.) 9 years ago I was basically homeless. 11 years ago I slept on a concrete slab. Shit gets better man, keep at it, you will be ok.
I'd have a good look at how much anonymity an LLC offers in your state - as far as I'm aware this varies from state to state. Out here in NV an LLC owner's privacy is supposedly fairly well protected, but in other states, not quite as much. Also keep in mind that while the LLC offers some protection (and I'm a big advocate of this sort of structure if you're taking larger risks that might have a big impact on your overall personal finances), this might not apply to financing. A lot of banks tend to require an LLC's owner to guarantee loans to an LLC once they go over a certain amount or even in general. Do some research in this area because the LLC would be worth less as a protective shield to you if you're on the hook for the full amount of the loans anyway.
Oh man... youve been to school for this, i can tell! Haha. Excellent points, some i havent thought of. Like i mentioned, im not a buisness major or anything but im smart enough (and stupid enough) to take chances if i see opportunity to make money. (A mindset that probably started with my majuana empire in high school lol).   I will most likely follow through with welding full time, at least until i have money built up to invest and still live comfortably. Like i said, im smart enough to know what needs to be done but im wide-eyed and hungry to make more also.   Anyway, thank you for your response, its very helpful and full of things i hadnt considered yet; specifically the investment structure of the company.
That doesn't look good unless you are building a physical product, have a competent team with hard experience doing this, have patents (at least filed), a proven test product, and (hopefully) have a few pre-orders and just need cash to deliver. Although in that situation, I'd probably tell you to ask your friends and family before talking to a VC. Even kickstarter.com would be better. $200k just isn't a lot of money and should be very easy to raise from Friends or Angels. If you can't then that speaks volumes to an institutional VC. A plus is having two or three people financially invested in the company; more than that is sometimes a problem while having only 1 is a red flag. If it's a web thing and you've been doing this for 2 years with zero sales and still need another $200k to complete it then I'd say you need to take a hard look at what you've built and take it to market right now. If you can't do that, then I'd say it might be time to abandon this idea and move on as you'll likely have to give up 80%+ to get that $200k and most VCs I've run into wouldn't bother at that level. Which begs the question: how did the conversation with the VC start? Did you approach them or did they approach you? If the latter, how did they even find out about you? Do they actually know anything about you or is this a fishing expedition? If the latter, then this is probably a complete waste of your time. The above is only a rough guide because at the end of the day something is only worth what someone else is willing to pay. $200k in cash is a tiny sum for most VCs, so without more information I have no clue why one would be interested in you. I put a number of hard questions and statements in here. I don't actually want you to answer me, those are for you to think about. Also, none of this shouldn't be taken as a discouragement, rather it should shock you into a realistic viewpoint and, hopefully, help you understand how others are going to see your baby.
I like the answer given by mikeazo. If paid in cash would you immediately buy the stock of the company? We all want to be the next Steve Jobs (or Woz), but the truth is that a Jobs comes along only once in a lifetime and chances are that you are not him.  We have seen this kind of question here before. Search the site for the answers given previously.
They'll largely be fine. They're to the point where it's all about business plans and securing financing. Determining long term risk for these types of firms are the main hold up at this point. But, given that everything else is flooded with investment capital already, I expect more and more lenders to get into the space.
So what was Choi's plan here? Did he intend to develop a real product and he strung along employees while trying (and failing) to find investors, or were the employees collateral damage in a wider scheme to defraud investors using a for-appearances-only start-up?
Ah yes - once again can't back up anything and instead of arguing the point you would much rather launch ad hominem attacks.   Lol - don't worry about my future - I'm pretty set, but then again I didn't get my MBA right out of undergrad.
I'm pretty sure Amy is a chicks name. I'm sure there are people lining up for those jobs. There is something about tech culture in general (not just startups) that glorifies long hours even if they aren't necessary or productive. I find it interestingly wrong.
Definitely a good idea, but the headline is not accurate.  In the body of the piece it says he is 'on track to be profitable on $1 million in revenues' which in venture-speak means he has not yet reached that revenue level yet- and that he has received $2 million in venture financing.
that could be said about anyone of a million companies in america. thats when the executives track records become relevant. so far so good for musk. no doubt they are venturing into unknown territory but thats half the fun. to be honest with the current state of things a pioneer of this sort deserves america's support.