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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Feb 17

    It’s so weird to read old investment books and see stuff like “the Dow was at 797.” 797? I know it in the 25,000s. And that was in the 1970s, not that long ago.

    2:44 AM - 17 Feb 2018
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    • 17 Likes
    • spooky shahz Dan Loewenherz Ben Nelson Keith Wasserman Calvin Chu Giuliano Giacaglia Jesse Tinsley Storm&Cloud fredzannarbor
    5 replies 1 retweet 17 likes
      1. alex n‏ @gigatexal Feb 17
        Replying to @AustenAllred

        adjust all the prices in the average for inflation and splits and reverse splits and see what it would be in 1970s terms. That'd be a fun exercise

        0 replies 0 retweets 1 like
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      1. Nicholas Moryl‏ @nmoryl Feb 17
        Replying to @AustenAllred

        I’m reading “Den of Thieves” now and they mentioned the 500 point drop of Black Monday and I was like “meh”. It’s way different when framed as a ~22% drop

        0 replies 0 retweets 1 like
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      1. Omar Qazi‏ @omarqazi Feb 17
        Replying to @AustenAllred

        The DOW is a practically meaningless formula that has changed over time so I don’t think comparing the index between two years really means all that much

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      1. telospolis‏ @telospolis Feb 17
        Replying to @AustenAllred

        compound

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      1. unitron‏ @the_unitron Feb 17
        Replying to @AustenAllred

        I think not even Dow Jones really knows what the Dow measures.

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