QuoteOriginally posted by: quantmehQuoteOriginally posted by: capafan2And what if you don't? it's a necessary (but not sufficient) condition for feeling good. if you have no money you'll be miserable. btw, you can't make it a goal of your life either that will lead you nowhereTrue! . It cannot be a goal. But hey , if I get it I would love it. The freedom it will give me will be awesome.

QuoteOriginally posted by: quantmehQuoteOriginally posted by: CrashedMintAnd money? in IT? Seriously?instagram? facebook? google? oracle?there's a ton of IT multimillionaires per one lucky quant making a million.I think this is a fallacy. For every instagram there are probably a million suckers. It's like saying: Hey, sure, quants are gonna get crazy rich! Just look at David E. Shaw!

capafan2 - are you sure that you're not related to twofish?

QuoteOriginally posted by: CrashedMintI think this is a fallacy. For every instagram there are probably a million suckers. It's like saying: Hey, sure, quants are gonna get crazy rich! Just look at David E. Shaw!i'm talking about the potential upside. it's huge in IT, also a barrier to entry is quite low.

QuoteOriginally posted by: EscapeArtist999capafan2 - are you sure that you're not related to twofish?LOL - No I am not. Besides he was Asian and I am Indian. But I did wonder once if I had a split personality. But I verified that we had seperate LinkedIn accounts. The only problem TF's LinkedIn account does not have a picture. That got me worried! But you see I fk** while in IB IT. So it helped me form a perspective. I think all it achieves is it makes me happy in the same way "Mad people are happier than Sane people". It does not mean anything besides confirming that I am raving lunatic.

QuoteOriginally posted by: quantmehQuoteOriginally posted by: CrashedMintI think this is a fallacy. For every instagram there are probably a million suckers. It's like saying: Hey, sure, quants are gonna get crazy rich! Just look at David E. Shaw!i'm talking about the potential upside. it's huge in IT, also a barrier to entry is quite low.these are outliers. it's pretty much like saying playing lottery is a viable job because you know for a fact that several people became millionaires doing it.

QuoteOriginally posted by: CrashedMintthese are outliers. it's pretty much like saying playing lottery is a viable job because you know for a fact that several people became millionaires doing it.i hope you're kidding, because if you compare entrepreneurship to a lottery, then you'll end up being an a slaray when you hit 40

QuoteOriginally posted by: quantmehQuoteOriginally posted by: CrashedMintthese are outliers. it's pretty much like saying playing lottery is a viable job because you know for a fact that several people became millionaires doing it.i hope you're kidding, because if you compare entrepreneurship to a lottery, then you'll end up being an a slaray when you hit 40internet entrepreneurship is a lottery. just look at pinterest or instagram. there are hundreds of comparable sites but those two explode.

QuoteOriginally posted by: CrashedMintQuoteOriginally posted by: quantmehQuoteOriginally posted by: CrashedMintthese are outliers. it's pretty much like saying playing lottery is a viable job because you know for a fact that several people became millionaires doing it.i hope you're kidding, because if you compare entrepreneurship to a lottery, then you'll end up being an a slaray when you hit 40internet entrepreneurship is a lottery. just look at pinterest or instagram. there are hundreds of comparable sites but those two explode.CM,There are a lot of people in IT who make a lot of money doing independent consulting or running body shopping consulting shops. Nothing to crow about or does not get you cool dudettes at a club but still rich.

QuoteOriginally posted by: CrashedMintthere are hundreds of comparable sites but those two explode.hundreds of sites which do exactly the same what instagram does?! you're being delusional. there's a few similar apps, but not hundreds. if this is a lottery, then there's like 50 tickets sold, and one of them is $1bln payout.

QuoteOriginally posted by: quantmehQuoteOriginally posted by: CrashedMintthere are hundreds of comparable sites but those two explode.hundreds of sites which do exactly the same what instagram does?! you're being delusional. there's a few similar apps, but not hundreds. if this is a lottery, then there's like 50 tickets sold, and one of them is $1bln payout.http://en.wikipedia.org/wiki/List_of_ph ... d6008?mt=8

Seriously - you never know which topic can suddenly flare up. If DC could provide us with the entire message board data, it might be a great case study in Data Mining. It will be interesting to observe how topics diverge. I am sure "Canada", "Montreal" , "Strip C..." would be highly correlated with TJ and Farmer. But still this message board offers great potential for analysis of human behaviour.

QuoteOriginally posted by: quantmehQuoteOriginally posted by: CrashedMintthere are hundreds of comparable sites but those two explode.hundreds of sites which do exactly the same what instagram does?! you're being delusional. there's a few similar apps, but not hundreds. if this is a lottery, then there's like 50 tickets sold, and one of them is $1bln payout.Grass is always greener on the other side. There are millions of startups failing for 1 successful billion dollar company. not everyone can be a founder of google or facebook, neither can he be a Jim Simons or a D.E shaw.Unless you are the founder, or in the first few tens of employees(or be in first hundred employees of once in lifetime company like facebook, google) IT does not make a lot of money. Not all startups are generous enough to give their employees reasonable equity.If you take the median salaries or 'expectation of salaries' or any reasonable measure of averaging the pay..I think quant pays more than IT.

QuoteOriginally posted by: ShaikThere are millions of startups failing for 1 successful billion dollar company.millions? where do you get these numbers?how many startups do you think are out there?

QuoteOriginally posted by: capafan2Seriously - you never know which topic can suddenly flare up. If DC could provide us with the entire message board data, it might be a great case study in Data Mining. It will be interesting to observe how topics diverge. I am sure "Canada", "Montreal" , "Strip C..." would be highly correlated with TJ and Farmer. But still this message board offers great potential for analysis of human behaviour.I'm not completely sold on the idea that Farmer is actually human.