The Code is the Design

One of the first things I noticed in the software industry, was that verbal technical interviews tended to highly unreliable. On many occasions, I had observed average performers at work clear interviews that top performers had not. The former didn’t know much about programming computers, but were very good at clearing interviews. They had the confidence and knew the answers to all the usual interview questions, which they usually brushed up on the previous day. As an interviewer from Google once remarked, some candidates were often extremely knowledgeable in interviews, but in practice, could not code the most basic programs in any language. The problem is that verbal technical interviews rely largely on communication and confidence. Confidence is normally considered a sign of ability but the two are not actually correlated. Studies have shown that mildly capable people often tend to be more confident than extremely capable people ( Dunning–Kruger effect ). But as the average perf...

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IPOs (Initial public offerings) and ESOPs (Employee Share Ownership Plans) are also means of stock ownership except that the companies involved are not yet listed in a stock exchange. This also means that unlike listed companies which must follow legal requirements for disclosure, these stocks — especially ESOPs — don't have much public data available for analysis. For IPOs, the formulas that can be used for evaluations are the NCAV ones or, if sufficient past earnings data is available, the enterprising ones. Thus the same forms can be used for analysis of IPOs as well. Depending on the data entered, GV will let you know if the IPOs is an NCAV or Enterprising and how much you should pay for it. ESOPs however are trickier since they have absolutely no public data available. But since they are offered to employees who have the opportunity to observe the company at a very close range, these can be analyzed using the above forms too using a little discretion and obtaining the required...