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I remember walking to the bus from high school, staring at a Motorola 6800 instruction set manual. I didn’t really understand what I was looking at—boolean expressions, instruction encodings, timing tables—but I was obsessively fascinated by the mechanism of it all. Here was this complicated machine where if I understood it I would have power & control.
I feel the s...
We’ve talked about:
Volatility & how it shows up in software development
What it means to go short or long volatility
Today we’re going to talk about one of the most hidden ways of going short volatility & its counter-intuitive mathematical basis—the Kingman Formula.
The ProblemTiming is one distinguishing feature of the Tidy First worldview. Like Goldilocks, we don’t want to be too early with our structure investments & we don’t want to be too late with our structure investments. Let’s contrast too early & too late with volatility glasses on.
NeglectfulThe first bias is usually making structure investments too late. You write …
<...I’ve started a series of Canon articles where I explain my ideas as plainly & unambiguously as possible—no analogies, no persuasion, just the facts. I started with Canon TDD. I expect to continue with Canon JUnit, Canon XP, and Canon Make-The-Change-Easy.
The growth...