Bravery is Relative
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This presentation was given to DevBootCamp Chicago in March of 2014. The thesis is that being brave is based on the information you have at the time. Unfortunately, there are concerns keeping you from having all the information you need.
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Bravery is Relative
- 4. BRAVERY IS RELATIVE OR THE INFORMATION YOU LACK IS THE INFORMATION YOU NEED
- 6. SILENT EVIDENCE ! WHAT KIND OF TECH WORK TO DO ! EMH ! OPPORTUNITIES Things to come
- 7. STEPHEN RYLANDER MORNINGSTAR ! ! • Experience = Full stack web • In = Entertainment, agencies, commerce, finance • Now = API’s • Occasionally write something • Helping others get in on a great career. ! • stephen.rylander@morningstar.com
- 8. BEING BRAVE VS WALKING AWAY
- 10. MORNINGSTAR + ME ! PORTFOLIO AGGREGATION • 2 years • 4-7 developers; designers, etc • Market moving past us
- 12. PROBLEM OF: SILENT EVIDENCE DEAD MEN TELL NO TALES
- 13. PEOPLE DON’T WRITE LABORIOUS TIME CONSUMING BLOGS ABOUT JOBS THEY HATE
- 15. VARIETY OF WORK
- 16. FULL STACK DEV (JAVA, C#, RUBY, PYTHON…) WEB FRONT END DB DATA SCIENCE (?) M2M MOBILE CORE ENGINEERING
- 17. BIG SHOP OR SMALL SHOP ! ! SHOW OF HANDS
- 18. PREJUDICES DON’T LEAD TO BRAVE DECISIONS Small Shop Bigots Big Company Fools
- 19. I AM JACK’S TOTAL LACK OF INFORMATION
- 20. EMH EFFICIENT MARKET HYPOTHESIS YOU CAN’T BE THE MARKETS
- 21. price time (information and news) ticker: foo
- 22. YOU AND YOUR JOB ARE NOT FAIRLY VALUED. ! NOT ALL INFORMATION IS KNOWN.
- 23. > INFO FOR A PROJECT ! > INFO WHEN TAKING A JOB
- 24. PUT YOUR MONEY/TIME WHERE YOUR MOUTH IS …
- 25. John Resig What am I famous for?
- 26. WHO CARES OPPORTUNITY COST Friedrich von Wieser
- 27. THE LOSS OF POTENTIAL GAIN FROM OTHER ALTERNATIVES WHEN ONE ALTERNATIVE IS CHOSEN You chose door 1, so don’t get to enjoy door 2. You chose to work there, so you don’t get to work here.
- 28. NOT A MATTER OF COURAGE. ! IT’S ALL UTILITY. ! CHOICES -> NEEDS ! A = UTILITY * 2 B = UTILITY *5
- 29. WRAPPING UP
- 30. BEING BRAVE IS JUST AN OPINION. ! NAIVETY WON’T HURT YOU. ! BEING BRAVE IS RELATIVE.
- 31. THANKS interesting books: - The Black Swan - The Fall of the Alphas - Dreaming in Code - Showstopper! http://www.linkedin.com/company/morningstar/careers careers.morningstar.com
Editor's Notes
- what is this dolphin doing?
- evolution has provided them a way to gather enough information even while at rest.
- Being brave is relative because of lack of information and personal priorities. Weighing opportunities and risk.
- How would you know what you are getting into? Is it folly or bravery going into battle against the 300? if you knew they were fierce, would you still do it?
- Things to come.
- Morningstar is a investment research company. We are in the business of IP. We create software and data products. We marry Data, Design and Technology. US based jobs are important for all of us to grow our economy.
- Open Source Applications Foundation; p2p of cal/email/tasks 3+ years and nothing still going, but in a very, very different approach, non p2p
- Showstopper! There hasn’t been a project as large or aggressive since. Maybe won’t ever be.
- 1800’s, ships sinking between Africa and the US, no one knew. projects which fail or unknown
- people don’t write about the jobs they hate and quit. not many blogs on the matter. for every Facebook programer there are 1,000’s of dev’s who must hate their job.
- these guys are doing the same thing. 1 eye open on the outside. inside two eyes closed. bravery is relative to support
- There is just so much to do. Some many things to try.
- full stack is best. to get there, specializing is important sometimes. do you have enough information to change? probably need to quit your job.
- You will miss out a lot by not experiencing both. Unless you are founding your own startup and an entrepreneur for life. Big company fools pretend it’s brave to join small shops and vice versa.
- As I’ve been saying, any decision you make can or cannot be viewed as brave. it’s related to the information you have. unfortunately, you don’t have much information.
- It’s impossible to beat the market as all available information is worked into the stock price at that moment. Therefore, all stocks are fairly valued.
- There is no way to buy a equity that is undervalued. They are all always fairly valued as all possible information is known at each price point.
- Again, brave or foolish.
- Steps to avoid the need to be brave; Some of the fool money managers will take small positions in companies to force themselves to follow them and attend earnings calls.
- He made a bold play because he had the information - javascript sucked. It wasn’t a matter of bravery or courage - just willingness.
- Early generation of the Austrian school of economics
- It causes pain. The pain of loss is always greater than the joy of gain.
- We make choices (Brave or otherwise) to fulfill our needs. Emotion just messes it up.
- Being brave is just an opinion. Naivety won't hurt you. It's part of growing. Part of being human which is way more important than any line of code. Being brave is relative.