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  #41  
Old 01-09-2020, 03:01 PM
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Maybe the older guys don't know about the AO so are more efficient?
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  #42  
Old 01-09-2020, 03:03 PM
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Quote:
Originally Posted by NerdAlert View Post
One of my old jobs used fortran, too, in our valuation software. It was a very dated system. My guess is that yours is, too.

Do you really know fortran? Or can you interpret existing coding and make changes as necessary or copy over from other projects to write new code?
The latter. I'm no fortran expert and a lot of it is understanding what the valuation system needs and the internal variable rather than complicated fortran
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  #43  
Old 01-09-2020, 03:05 PM
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Originally Posted by Woodrow View Post
I think we are all misunderstanding the question. the question clearly is

"Why do companies pay useless terrible employees so much more than great employees who contribute a lot. I'm a great employee. Also, the terrible employee is old"

The OP raises a good question. Why do companies pay useless employees so much more than great employees? Solving this could destabilize the american economy.
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  #44  
Old 01-09-2020, 03:06 PM
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I think you are erroneously assuming that if you are old you don't know how to do things young people do. This implies older people aren't willing to learn or haven't bothered to along the way.

I bet you bottom dollar that if you find an older person who likes to learn they will blow whatever it is you're putting out there out of the water.
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  #45  
Old 01-09-2020, 03:15 PM
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Originally Posted by CowboyGuy View Post
I see what you did there, switching old with experienced.

For a start, the young person can do programming, code macros and automate workbooks. The old person can't.
Lol, coding macros and automating workbooks is first-year stuff. Most of my current/former bosses could code circles around me if necessary.
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  #46  
Old 01-09-2020, 03:17 PM
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The latter. I'm no fortran expert and a lot of it is understanding what the valuation system needs and the internal variable rather than complicated fortran
and a young person just starting out could NOT code a pension plan from scratch and can barely make minor changes in the program to one that's already set up.
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  #47  
Old 01-09-2020, 03:46 PM
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OP should read The Giver.
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  #48  
Old 01-09-2020, 04:00 PM
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Calm down Lucy. Its fine.
as someone over 50 who recently sought a change from a management job to an IC job, I'm pretty sure I still add value. I also know I don't earn a lot more in this role than younger fellows.

But I did find your assumptions offensive. I had to do a lot of coding for a while last year when my analyst who did that stuff left. The work got done. Like every other actuary, I need to learn new things all the time.
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  #49  
Old 01-09-2020, 04:10 PM
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Quote:
Originally Posted by ao fan View Post
The latter. I'm no fortran expert and a lot of it is understanding what the valuation system needs and the internal variable rather than complicated fortran
Right. My point, I guess, was that there are very few actuaries out there who really know fortran anymore.

Or if they do, they're not really using it.

Because they've learned modern coding and are doing just fine with it. Contrary to the OP who believes old actuaries cannot learn new information as technology and the times are changing.
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  #50  
Old 01-09-2020, 04:19 PM
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Quote:
Originally Posted by CowboyGuy View Post
For a start, the young person can do programming, code macros and automate workbooks. The old person can't.
What evidence do you present to support that old people can't "do programming, code macros, and automate workbooks"?

FWIW, I'm in the process of translating modeling work into Python.
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