Fax Electronic signature Form Computer
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Fax Electronic signature Form Computer. Investigate probably the most consumer-helpful knowledge about airSlate SignNow. Control all of your file finalizing and revealing method digitally. Go from handheld, paper-centered and erroneous workflows to programmed, electronic and perfect. It is simple to produce, provide and indicator any documents on any product anywhere. Ensure that your important organization situations don't slip overboard.
Learn how to Fax Electronic signature Form Computer. Stick to the basic manual to start:
- Create your airSlate SignNow profile in click throughs or log in together with your Facebook or Google account.
- Take advantage of the 30-day free trial offer or pick a costs plan that's ideal for you.
- Discover any authorized format, construct on the web fillable forms and talk about them tightly.
- Use advanced functions to Fax Electronic signature Form Computer.
- Sign, customize signing buy and gather in-person signatures ten times speedier.
- Set up automatic alerts and acquire notices at each and every step.
Relocating your duties into airSlate SignNow is uncomplicated. What follows is an easy procedure to Fax Electronic signature Form Computer, along with tips to maintain your fellow workers and lovers for far better partnership. Inspire your staff together with the very best instruments to keep on top of business functions. Boost productivity and range your small business faster.
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FAQs
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Is fax becoming obsolete?
Is fax becoming obsolete? Yes. Is it considered obsolete? Probably by most people. Is it obsolete? Not completely so for all purposes. While the number of faxes most businesses receive or send would now be in single figures in any given month, you will sometimes, for example, find a contract which provides for notices to be given by letter, delivery or fax - but not provide for electronic delivery. If you want to deliver the notice instantly and the recipient isn’t in the same town, fax is the obvious choice for delivering your notice.A favourite story - in late 1984, at the end of my first year of work, I bumped into a former university colleague who said she was working on a legal case overseas. To my comment that that would pose various logistical issues she said they had this new machine which was like a photocopier attached to a phone line - you put a document on the copier at this end and a copy of it came out at the end. I replied that that sounded great, but surely it would never catch on as that would require everyone to have one of these machines. It took about 2 more years before businesses got far more faxes than they did hard copy letters. Moral of the story - don’t ask me about new technology!
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What industries must use electronic signature software?
Any industry involving a large amount of paperwork make use electronic signatures. In other words, all industries make use of electronic signatures because all of them have piles of paperwork to handle. Some examples of such industries include financial, life science, healthcare and pharmaceutical industries.Industries such as the pharmaceutical industry, have a number of licenses and other paperwork that they have to handle and keep track of. It can be a tedious task to perform such cumbersome paper processes. Therefore, e-signatures can facilitate an organisation in keeping a track of all this paperwork, by signing electronically.Healthcare industries usually involve time-sensitive documents, which need to be urgently completed. But, it can take days in case of the traditional wet ink paper signatures for the documents to signNow the signer and back, if the parties are geographically scattered. But with electronic signatures, that is not the case. Geographical barriers do not play a role. Documents which earlier needed days to be completed, can now be signed and sent back within minutes, in the click of a button. Furthermore, it takes a long time to bring assets under management. The time taken by the signing process, if wet ink paper signatures are used, may even further delay the process. But by using electronic signatures, the whole process can speed up.Apart from these, there are many paper prone industries which require huge amount of paperwork and with the use of electronic signatures they can make their everyday processes smoother and more efficient.
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How did NASA go to the moon during first Apollo mission so early when even good communication and latest rocket spaceship techno
Q: How did Nasa go to the moon during first Apollo mission so early when even good communication and latest rocket spaceship technology were not available before 1980?Let me show you something:This is a facsimile machine (a fax machine) of roughly the sort my father used in his job with the Strategic Air Command during the 1960’s. It was an expensive, cumbersome piece of junk, and when introduced in the late 1940s, it required dedicated wiring between stations and had a range limited to 9 miles.Still, Western Union and the US government were all over it. It was a damn sight better than the system used in France starting in the 1840s which burned crude copies into paper using a heated, mechanically timed stylus, and until post-space program advances in computer technology made cheap consumer fax machines ubiquitous in the 1980s (and then obsolete a few years later) it was THE way to transmit orders, signatures, and other critical documents when time didn’t allow for a courier.This is how technology advances most of the time; a crude proof of concept opens the door, is picked up by deep-pockets patrons, and eventually helps drive the very innovations that lead to later, more practical versions of itself.A few examples:The Wright Brother’s Aeroplane was arguably better at killing people than transporting them, but it spawned the era of powered flight.Submersible boats have been built for military purposes at least since the American Revolution, even though until the dawn of the 20th century, the only power source available to them was human muscle. They weren’t practical enough to have much military significance, until advances in battery and internal combustion made the U-boats and other subs of the World Wars possible. Even these were absurdly uneconomical death traps, but they did the job and paved the way to today’s true submarines (both nuclear powered and otherwise).From the 1940’s, the military used radio positioning gear accurate to within a few yards—but which required troupes to carry, operate, and maintain about twenty heavy or unwieldy pieces of equipment in order to interface with a ground network of radio stations. This remained state-of-the-art for half a century until the first GPS satellite network went live.In the early days of electronic computing, data was stored using regenerative working memory cells (dynamic RAM) in which the data was carried in a sound waves propagating through a glass tube full of mercury. This was hugely expensive and impractical, but much, much faster than the spinning drums available at the time, and much more reliable than tube-based flip-flops. This early memory (and a number of equally bizarre alternatives) held sway until the advent of magnetic core memory, which was insanely complex given the hands-on fabrication methods of the day, but was even faster and more reliable, and so became near universal for about 20 years, until transistor-based memory build into integrated circuits finally dislodged it.Before spy satellites and planes were available, the US spied on Soviet territory by means of high altitude, unmanned balloons, an idea it got form a hair-brained Japanese scheme to bomb our mainland during WWII. The reconnaissance balloons had a very low success rate, but were considered invaluable to the government — half a century before Google Earth.This balloon program funded development of high quality surveillance cameras and film canister in-air retrieval techniques which were used by the first generation of US Spy satellites—ten years before the technology to build electronic cameras of any quality existed.Film captured from one of these balloons was carried to the moon by Luna 3, the USSR’s first lunar orbital probe, which used it to photograph the far side of the moon. To get the image back to Earth, the film was automatically developed in space, then scanned and sent back electronically—a half century before the Lunar Reconnaissance Orbiter.I could go on at length. The point is, governments have the resources to make things work when they don’t—and when anyone with any money sense would give up.We often see questions to the effect “why has no one returned to the moon since the Apollo Program?” The answer is, because we got there by building everything needed, from scratch, under contract, at huge expense.In many ways, the Saturn V was the logical descendant of the German V2 (which was another hugely impractical government program that opened doors), but in many ways, it was the very bleeding edge. So much so, at one point, Boeing enlisted surf board makers to help them understand the composite materials needed to build tank bulkheads.I have said before that the moon landing may be the greatest of all human achievements specifically because we got so little from it of immediate, concrete value. It was, in a real sense, the Great Pyramid of modern times.But like the pyramids, it required an unsustainable investment of time, blood, and treasure. The pause and backtracking into low Earth orbit that followed was a tacit acknowledgement that in a real sense, we had gone too far too fast.Only now had our technology started to catch up with our dreams. Only now can multiple private enterprises rival governments and government monopolies for space attainment and start to consider real, meaningful advances beyond the “one giant leap for mankind.”It may be centuries yet before we span the equivalent of the gulf between the pyramids and the Manhattan skyline, between Roman Baths and modern central heating, between the aquaducts and Hoover Dam, but we are now taking the first steps toward the privatization and commercialization of space. We are witnessing an era that will have as much history impact as the great age of European exploration, but without the smallpox and the genocide.In this respect at least, it’s a fine time to be alive.If you like science, you might like my free award-winning scifi sampler.
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How do I automatically digitally sign a PDF?
Sign PDF Documents Electronically; follow these simple steps Digital signatures software [ https://www.esigngenie.com/digital-signature-solution/ ] will certainly ease all your online form signing processes. Most notably, when you sign forms online, you are protected by an array of security policies and compliances. Therefore, e-signatures can only be said to boost the already existing effectiveness of PDFs. By using services like signNow [ https://www.esigngenie.com/pricing/ ], users can format their PDF files with special formatting fields (such as text fields, date fields, check-boxes, signature fields, and more). This means you can complete your PDF forms and introduce your legally binding signature without difficulties. You can then send the filled up forms via email to your preferred recipients. In short, the subject on how to electronically sign a PDF has been eased to a large extent by electronic signature solutions. It is very simple to get started! * Step 1. Just create an account with your favorite online form signature provider. * Step 2. Upload your PDF document or form to your account. You may have saved it on your computer, or you can retrieve it from one of the numerous apps that e-signs integrate with, like Evernote [ https://evernote.com/ ], Google Docs [ https://www.google.com/docs/about/ ], DropBox [ https://www.dropbox.com/ ], OneDrive [ https://onedrive.live.com/about/en-in/ ] and more. * Step 3. Format the PDF document using the provided formatting fields. Simply drag and drop each field against the relevant section of the document. * Step 4. Complete all the fields and sign the PDF. Key in your information in every section, and introduce your e-signature to make the PDF form legally binding. * Step 5. Send and store. Send the completed forms to the recipient(s) via email. Usually, a copy of the filled out form will be saved to your e-signature [ https://www.esigngenie.com/electronic-signatures/ ] account. In a nutshell, online contract signing especially the PDFs makes it extremely easy to get your most vital contracts and agreements filled out and signed on time, even when you don’t own a scanner, printer, or fax machine.
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Can we submit screenshots as evidence to the court?
That cannot be a form of direct evidence but will be treated as secondary evidence. It will not be taken into consideration unless it is corroborated by related direct and or circumstantial evidence. Suppose the screen shot is of a defamatory pic. of a scene related to the fact in issue before the Court. Then the device by which it is taken is to be examined by the Forensic Expert to establish that it is not doctored and was taken from the same device. Then the person who had that device at the material time will have to depose and support it. If the screen shot shows some persons in it, they will have to, if traced, to depose to support it. If the screen shot is of known or identified scene, then the screen shot and the actual identified scene should match in all the relevant particulars. Thus screen shots will be treated as evidence under the above circumstances only.
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What are the requirements for admission in VIT?
You can get admission in to VIT University after submitting some documents like VIT rank card, physical fitness certificate , 3 affidavit copy with the stamp of any Indian court, Btech all semester results if you are taking admission in higher studies, Migration certificate by your last institution, 5passport size photos and Demand draft of 15000 rupees approx in favour of VIT University payable at vellore.In case of any confusion you can call VIT University anytime for better understanding.EVENTS32nd Annual ConvocationVIT UniversityDate: 07/10/2017 to 08/10/2017B.Tech. Admissions - 2018-2019 VITEEE 2018 - VIT ENGINEERING ENTRANCE EXAMINATIONCOMPUTER BASED TEST (CBT)DURATION : 2:30 HOURSVITEEE-2018 is a Common Entrance Exam and Eligible candidates can select the courses offered at VIT Vellore Campus, Chennai Campus, VIT-Bhopal and VIT-AP on the day of Counselling as per the merit and availability.VITEEE-2018- Date of issue of Online/Offline Application forms will be released in due course VITEEE – 2018 – SYLLABUS Physics ChemistryBiologyMathematicsEnglishNumber of Questions PCME (Physics, Chemistry, Mathematics and English) - 120 questions (Each 40 questions) & English 5 questions = Total 125 questions PCBE (Physics, Chemistry, Biology and English) - 120 questions ( Each 40 questions) & English 5 questions = Total 125 questions No Negative marks for wrong answers All Questions will be of Multiple Choice Question (MCQ) SELECTION OF VITEEE QUESTION PAPER Candidates are requested to give utmost attention during VITEEE Question paper selection (PCME / PCBE) PCME - Candidates appearing in PCME is eligible for all the B.Tech. Degree programmes as per the VITEEE rankingPCBE - Candidates appearing in PCBE is eligible only for 3 B.Tech. Bio-stream Degree programmes (Biotechnology, Biomedical and CSE with spec. in Bioinformatics) as per the VITEEE rankingEQUATING METHODOLOGYEquating is a statistical process that is used to adjust scores on test forms (that are approximately equivalent) so that scores on the forms can be used interchangeably. Thus, equating is used to adjust scores of candidates who have taken different forms of a test, in order to facilitate meaningful and fair comparison for merit list and ranking of these candidates. The statistical procedure of Equipercentile Equating would be used by VIT to identify the percentile ranks for candidates, such that scores on different forms with the same percentile rank are considered to be equivalent. Thus, Percentile Rank is a unique and invariant position of the test taker in that group. A percentile Rank, say 90 Percentile Rank denotes that there are 90 percent of test takers scores below this score level and 10 percent above this test score. Candidates are advised not to make assumptions and predictions of their score or rank based on their own estimates of raw scores. Since it is Computer Based Test (CBT), there is no revaluation of VITEEE answers as per the VIT Norms.GUIDELINES TO VITEEE – 2018 APPLICANTSOnline Application Forms Get ready with the following to submit the online form:Softcopy (scanned copy) of recently taken passport size colour photograph with 50kb - 100kb (Dimensions - 3.5 cm x 4.5 cm) / Softcopy (scanned copy) of Signature of the Candidate with 20kb – 50kb (Dimensions - 3.5 cm x 1.5 cm ) in JPG / JPEG format. Selfie photos will not be accepted. Also scanned copy of Aadhar Card/proof of enrolment ID for Aadhar Card is to be submitted.Mode of Payment - Internet Banking facility through Net banking / Debit card / Credit cardAll our correspondence including centre booking and issue of e-admit card details will be through email only. Therefore, the applicant is requested to get ready with valid email id and Mobile number for contact.Offline Application Forms Offline (OMR) application forms will be available in selected post offices and VIT Campuses. List of post offices will be released in due course.ELIGIBILITY NORMS :Candidates whose date of birth falls on or after 1st July 1996 are eligible to apply for VITEEE-2018 Candidates appearing for the VITEEE in 2018 should have secured an aggregate of 60% in Physics, Chemistry, and Mathematics/Biology in the qualifying examination (+2/Intermediate). The average marks obtained in the subjects Physics, Chemistry and Mathematics or Biology (PCM / PCB) in +2 (or its equivalent) put together should be 50% for the SC/ST & North Eastern State candidates. Candidates who have studied in Regular, Full Time and Formal Education are alone eligible to apply. 'NIOS' candidates are eligible to appear for the VITEEE-2018Note: All our Admissions are only through Counselling as per VITEEE-2018 ranking. Hence we request the parent/students not to contact any consultants/agents for admission purpose. We have not appointed any consultants /agents for our admissions. For all our admission related information, please refer only http://www.vit.ac.in website.. Do not follow/believe any other fake websites/blogs/facebook/whats’up messages for VIT admission purpose.CONTACT DETAILS:DIRECTOR-UG ADMISSIONS, VIT UNIVERSITY, VELLORE-632014, TAMIL NADU, INDIA PHONE NO. 0416-220 2157/ 2168 (MONDAY – FRIDAY – 9.00 AM TO 6.00 PM) Email: ugadmission@vit.ac.in website: http://www.vit.ac.in Exclusive VIT Admission Help Line Nos. (0416- 330 5555) will be functioning from November First week onwards.XXB.Tech. Admissions - 2018-2019AdmissionsUG AdmissionsB.Tech. Admissions - 2018-2019UG SCIENCEAdmissions 2017 -18(BBA / BCA / B.Com /B.Sc.)V-SPARCB.Arch Admission 2017-18BEWARE OF | Middle men | Agents|Fake e-mails | Fake websites|UG Programme-2017-18-Document submissionThe most highly sought after B.Tech degrees from VIT University are achieved by successfully getting through the VITEEE examination conducted every year. The students based on their merit are given a range of options to pursue their under graduation degree. The university currently offers 27 undergraduate programmes, and in addition to this has recently launched the B.Arch degree for students willing to pursue Architecture. The admission into the B.Arch degree is procured through a successful NATA score. Many research centres are also part of the schools, which promote inter-departmental collaboration and provide a platform for students to delve into new research projects.Vellore Campus - Courses OfferedB.Tech - Biomedical EngineeringB.Tech - BiotechnologyB.Tech - Civil EngineeringB.Tech - Chemical EngineeringB.Tech - Computer Science and EngineeringB.Tech - Computer Science and Engg (Spec. in Bioinformatics)B.Tech - Computer Science and Engineering with Specialization in Information SecurityB.Tech - Electronics and Communication EngineeringB.Tech. Electronics and Communication Engineering with Spec. in IoT and SensorsB.Tech - Electrical and Electronics EngineeringB.Tech - Electronics and Instrumentation EngineeringB.Tech - Information TechnologyB.Tech - Mechanical EngineeringB.Tech - Mechanical ( Spec. in Automotive Engineering )B.Tech - Mechanical ( Spec. in Energy Engineering )B.Tech - Production and Industrial EngineeringVIT School of Planning and Architecture(V SPARC)B.ArchUG SCIENCEB.C.A. (Bachelor of Computer Applications)B.ComB.Sc (Multimedia & Animation)B.Sc. Computer ScienceBBA (Bachelor of Business Administration)Bachelor of Catering and Hotel ManagementChennai Campus - Courses OfferedB.Tech - Civil EngineeringB.Tech - Computer Science and EngineeringB.Tech - Electronics and Communication EngineeringB.Tech - Electrical and Electronics EngineeringB.Tech - Mechanical EngineeringUG SCIENCEB.A., LL.B (Hons.)BBA., LL.B (Hons.)Proposed Bhopal Campus, Madhya Pradesh - Courses OfferedB.Tech - Computer Science and EngineeringB.Tech - Electronics and Communication EngineeringB.Tech - Electrical and Electronics EngineeringB.Tech - Mechanical EngineeringUG SCIENCEB.Sc. Data Science and AnalyticsB.ComBBA (Bachelor of Business Administration)Proposed Amaravati Campus, Andhra Pradesh - Courses OfferedB.Tech - Computer Science and EngineeringB.Tech - Electronics and Communication EngineeringB.Tech - Mechanical EngineeringB.Tech - Electrical and Electronics EngineeringB.Tech - Computer Science and Engineering with Specialization in Data AnalyticsB.Tech - Computer Science and Engineering with Specialization in Networks and SecurityKnow moreUG OverviewEligibilityProcedureFee StructureStudent ProfilePG AdmissionsResearch AdmissionsInternational AdmissionsContactUG ProgrammesDr. K. ManivannanDirector - UG AdmissionsVIT UniversityVellore - 632014Tamil Nadu, IndiaPhone : +91-416-220 2157/2168Fax : +91-416-224 5544Email : ugadmission@vit.ac.inCONNECT WITH USParentsHotels in VelloreGuest HouseParent LoginProgrammes OfferedVITiansVIT IntranetVIT WebmailVIT GmailStudent LoginPeople OrbitIndustrial Visit(Format & Guidelines)AlumniMHRD / UGCNATS [National Apprenticeship Training Scheme]VisitorsCareers@VITIQACInternal Complaints Committee (ICC)IPR CellVellore Campus MapContact UsContact UsVIT University Vellore - 632014 Tamil Nadu, Indiainfo@vit.ac.inCopyright© VIT University | Credit.
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Do most hedge fund managers make at least $1,000,000 a year?
Not even close, most hedge fund managers actually struggle, particularly in the first few years. This is in large part due to the absolutely insane amounts of rules and regulations a small firm has to comply with. I’ll rant a little about how this came about, then provide some figures for you.It is no big secret that big firms on Wall Street (primarily JP Morgan and Goldman) had a big hand in drafting Dodd Frank and updating the SEC (and various state) regulations. There were comments made that this was specifically done to eliminate small hedge funds that were providing the bigger firms with quite a bit of competition. It’s government collusion at its best and a great example of corporations using the government to hurt others. Multi-billion dollar firms can stomach an increase in compliance cost - small businesses cannot.And let’s not pretend that the regulatory changes protected customers any more than the TSA changing the regulations on liquid bottles from 4 oz to 3.6 oz protects passengers. There were already rules and laws on the books to prevent both the Madoff issue and the mortgage collapse (which was almost 100% caused by a combination of government laws, the FED, and agreements with the large banks…but that’s another topic).I run a small firm. I get audited regularly because I do businesses in a number of states. An audit normally takes multiple days (once it took 12 days) and multiple auditors (not infrequent to have 3–6 government employees in the office). They check things like making sure my files are in alphabetical order, that my security license is hung the right number of inches off the floor, that my bills going to my clients are written in an approved font, that my signature block on my email messages contained the government approved statements, and the like. I’ve been chastised for having sent bills on letters with too small of margins.Do you know how many times a government auditor has taken my bank account statements, my brokerage statements, my client statements, and reconciled them to make sure everything was calculated? Once. It happened for the first time this year. When I’ve asked why they don’t check things to ensure that firms aren’t actually stealing client money I get told the auditors really don’t have the education to do that (which is why we also have a requirement to have an independent auditor review everything).The number of rules and regulations I have to comply with is well North of 100,000 pages.Ok Rant Over — now for actual numbers.Here is a rough estimation of the cost to start a fund on a SHOESTRING budget:Create offering documents (private placement memorandum, subscription agreement, fund overview, Form ADV disclosure document, and any others) - $30,000. (And that’s cheap);Assume you only do business in one state - state blue sky filings and notice filings - $1,000PCOAB annual audit - there are VERY few PCOAB auditors that will audit a small fund (I’ve probably talked to them all). If you have a VERY simple fund this will costs $12,000/yr. If you have a more complicated fund with some sort of onshore/offshore mechanism or complex trading instruments, this is going to go north of $20,000 quickly;Annual tax filings - $8,000 (what I paid last year for my fund for federal and state filings); andBusiness formation cost (LLC to act as a GP and a limited partnership for the fund itself) - $1,250 (if you file it all yourself).This assumes you are running things out of a home office, spend zero dollars on marketing and promotion, and do everything yourself (e.g. no payroll expenses), you use a computer you already had, found a free website hosting location (and know the rules on online advertising and don’t have to pay a compliance firm), do all of your client correspondence electronically (no postage - and illegal in some states such as South Dakota where you have to mail things even if everyone agrees to electronic service), you spend nothing on digital security (probably also illegal), have a free trading platform (actually possible), and no other expenses (internet, power, water, phone, fax, etc.) — which is just impossible. But we’ll assume all of those costs are $0 for this example.The above totals to $52,250.Assume the average fund charges a two percent management fee and takes twenty percent of the profits (these fees are actually higher than average as fees have gotten compressed over the last decade).Doing the math, if a small fund manages to raise $5 million from friends, families, and knocking on doors, that seems like a ton of money. You might have gotten $100,000 from 50 different people to get there. (I’ve done this, it’s not easy raising money as a small firm).Take out the above expenses and your left with $47,750.If you have a more reasonable cost — namely you actually rent an office somewhere to meet clients, cost go up quickly. Even if you go to a share space, where you share the cost of a receptionist, copy machine, internet, phones, etc., you’re still going to be spending at least $1,000/month.I run a VERY tight ship and cut every cost I can. We have no frills, perks, or anything, and our annual budget on raw expenses is just over $80,000.00. At a 2% fee, that means I need a $4 million fund to just break even, before making one penny — and have no unexpected costs.Note that DOES NOT INCLUDE payments to myself. That’s the cost of the business. I have also represented small funds as an attorney — very well run ones. I’m the only one I’ve ever encountered that can run the company for under $150,000 (before owner salaries). But let’s stick with the $80,000 number.What’s a reasonable before tax salary in Dallas, Texas? (Remember, your self employed, so your taxes are higher than a normal persons, as you have to pay social security and medicare twice). $100,000 before taxes? That would leave you with a take home of roughly $70,000.So now we are at $180,000 — which requires a $9 million fund. That’s just to have a basic lifestyle met.Most funds out there, particularly startup ones, don’t ever survive. The cost of running it are just too high. The above also doesn’t include the cost of having to pay an attorney and accountant to sit through that week long audit either. I’m lucky in that I can do that myself. If you can’t, or don’t have the knowledge, you just lost another $30,000. Are you not an attorney and don’t know how to keep up with compliance? A good compliance firm will run you $12,000 - $30,000 per year.You get the idea.HOWEVER — if you are good at what you can go, and can generate alpha, and can get through several lean years, things improve. Most funds are scalable (if yours is not, start over).So I only have $5m my first year and actually lose money. But I keep banging on doors the next year and we get up to $10m. Whew, I finally don’t have to rely on the wife’s paycheck to pay the bills. My partner and I only make a few thousand dollars each this year, but at least we’re making money. Keep the head down, keep banging on doors, network, and your fund keeps doing well. Year 4, $50 million.Wow, I now can pay for an assistant and don’t have to stay up to 2am doing paper work and filing 6 days a week. My partner and I actually make a real paycheck (something close to $100k per year). It’s not a GREAT living, but it actually feels like a real job at this point.And now people are starting to call ME, asking how they can invest with us. Weird. About this time you learn about institutional introductions. Wait…you mean there are companies that just write $10m checks or introduce you to people/businesses that do? Amazing. Maybe we can get to a $100m fund in the next 3–4 years and $250m within 10.And, once you get to that size, if you haven’t jumped off a cliff, and if your fund keeps performing…..THEN you get your $1 million/year salary.Hedge funds aren’t any different than any other business. You have to have a good product. You have to market it. You have to keep your customers happy. If you do, and grow well, you can make a million dollars per year.But you know what? I’ve seen people do that in pipeline sales, pool cleaning services, lawn care service, construction, advertising….it doesn’t matter. If your business can be scaled, and you are GOOD at what you do, and know how not to get bloated as you grow, almost any business can be grown to making that type of salary.
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As a doctor, why are so much bureaucracies there in hospitals, where every minute counts?
It’s not strictly true that “every minute counts” in hospitals. Often, this wasn’t really true except in rapid-response situations, or in emergency (where we were on a timer, even if the patient wasn’t that unwell). On a standard ward, there actually wasn’t a whole lot that had to be done on a time-critical basis unless someone crashed.That being said, there are a number of reasons why we have so much bureaucracy. This relates to the multitude of functions that hospitals carry out, coupled with the fact that many of the people who come up with these requirements have never treated a patient in their life and don’t have the greatest idea of how things get done in practice.Case in point, we moved to electronic prescribing in several hospitals shortly before I left. However, there was some regulatory requirement somewhere that discharge medications had to be written down and physically signed to be valid.Consequently, if someone was on 20 medications in hospital, then you ordered all 20 on the computer. To discharge them, though, you had to transcribe all 20 into a different format on the discharge summary template, print it out, sign it, and fax it to pharmacy. Hours were wasted on this process every single day.It made zero difference to patient safety; if anything it made it worse because of the requirement that all medications be transcribed (errors could be made during this process), and the requirement that the script be signed physically was arguably less secure than an electronic order with a password. However, whoever it was that made these requirements, had almost certainly never worked on the floor in a hospital, never once discharged anyone and likely had no idea how the process actually worked (indeed, I once actually attended a focus group with the hospital exec, and they had no idea how it worked or how much time we spent on it every day).As an aside from that, I had some administrators have long debates about whether or not the final discharge summary (itself separate from the above process) should be physically signed or not. They already had to be electronically signed to print out. I remember saying “here is a discharge letter. It is a letter to the patient’s GP stating they were admitted with fever and cough, and had consolidation on their chest x-ray. They were treated with IV antibiotics for a community acquired pneumonia, and are now being discharged with oral antibiotics and GP follow-up. Do you think the absence of a physical signature would lead anyone to question whether or not they came here with fever and cough or that they received IV antibiotics, or anything else?”Likewise, they invented this other requirement that every time a nurse called you to review a patient, you were supposed to fill out an electronic form on the computer to document it, rather than use the standard progress notes. The problem was this form was ridiculous- it was full of irrelevant checkboxes that had to be clicked out before the form could be signed, and the area for your history-taking, physical exam, and clinical impression was character-limited and didn’t have enough space, so it actually made people’s documentation worse; the forms were so poor-quality that it was very difficult to appraise what had happened when the doctor reviewed the patient. I actually refused to fill it in; I just wrote “this form is not suitable for clinical documentation, please refer to my notes” (this annoyed a few people, but I didn’t care).Once again, the committee that drafted this form was full of administrative staff that had never actually done a medical review.
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