@geola388 @MrFreedom34 Yes we need numbers to watch a clip of a basketball player flopping on the floor nonstop lmao
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Robob
3.4K posts
@MrFreedom34 Falling is not a stat but using it to try correlate with something does not make it a fact.
None of the actual basketball numbers correlate with what he's trying to put down.
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No, Jay. Your clip ain't even an argument. It's Social Media nonsense.
It's good for clicks & poor for legitimate discussion. Also, you did a 180 since last year & SGA was the same dude.
That clip still online btw.
Jay Williams@RealJayWilliams
One thing I've learned in sports, business, and media: when people can't attack the argument, they attack the messenger. I showed three clips. The conversation became about my résumé. That's usually a sign we're no longer discussing the actual point.
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@powerbottomdad1 I think he’s certainly right that you probably can’t really buy any avg to decent CA home, but you can certainly live just fine
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@inceliban_ @Graffitinights1 I would partially agree, but in this context I do think it depends on what percentile you would count as sucessful. For top finance jobs including quant/hf analyst/pe, I don’t think 700k at 35 is sucessful. In a vacuum, 700k at any point of your life is incredible
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@Robob54174945 @Graffitinights1 feel like you all live in microscopic bubbles
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I feel like in nyc there is this pedalization of the finance bro. Yes it can be a great life if you do well but the reality is you’re likely not going to be the top dog in terms of money in your 20s or 30s, including when it comes to dating
Take a moderately successful 35 yo finance bro making $700K a year. After taxes, rent, savings etc that *might* leave $100K a year for an entertainment budget. Nowadays the… how do I say it… “practical” young women in nyc want a $10K/month allowance minimum so he can’t even afford that.
On the other hand, take a 35 y.o. trust fund kid with a $100mm trust fund with 4% annual withdrawals for living expenses (with favorable tax treatment). He can afford TEN TIMES the entertainment spend of the successful finance bro and he DOESNT WORK. PJ to Aspen for a ski week? No problem. Villa in the Maldives? Ditto. Meanwhile the finance bro is sharing a rental in East Hampton and going to Surf Lodge
Now you might say the trust fund bros are few and far between but I’d wager there’s more of them in NYC than there are women on the Wilhelmina main board
I’ve never seen a finance bro who does well with women who wouldn’t otherwise do well if he was broke. I’ve seen plenty of dorky ass trust fund guys pull dimes
Graffitinights@Graffitinights1
Finance bros have a good setup because they make decent money and on avg don’t work *that* hard after IB (at least not compared to the consultants/lawyers/etc who service them, some who ironically make more than the finance bros but have no time for a social life) That being said tho if a hottie is seriously out just for money there are trust fund kids hanging around that can just buy a girls life. Not a few ten or hundred grand here in there but in the millions (and some of these guys are in their 20s/early 30s)
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@asa_lee1 @Three_Cone You can hate the spurs and still not dickride Shai
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@Robob54174945 @Three_Cone my hate for the spurs runs way deeper than any other team itl
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@0xdididoitright @annanay there are also different incentives. a company hiring 100 swe for the last many years will be just fine if 75 are "average-ish". a good quant shop will maybe hire 5-10 new QRs in a year and if half of them suck, its a big sunk cost and will hurt the firm in multiple ways
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@0xdididoitright @annanay yea, and LC was only possible because the swe proc was single focus. small shops have few seats so they don't heavily scalable processes, they just need to identify truly elite talent, the same cannot be said for swe/SAT which have lots of mediocre ppl do well
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Quant is the new IB.
Eager to please type A’s coached through ‘finance clubs’ who update their LinkedIn with ‘incoming Optiver Spring Intern’ before their first class (in the description, headline just says ‘Optiver’) abound.
It reminds me of this glorious article about when IB went the same way leveragedsellout.com/2008/10/rememb….
Meanwhile quant firms have given up the comedy of ‘liquidity as a service’ and brazenly profit off index manipulation and ‘flows’ trades. It’s an open secret on the street who ‘flows’ trades benefit and who loses out. This is not to mention the societal loss of such a talent pool doing utterly useless work.
Iain Dunning@iaindunning
Heard that some firms already making QR intern offers for summer 2027. I'd suggest if you're in that situation, first of all don't let them pressure you. Second, if you're a "rising junior" and you want an HRT offer, get in touch. Willing to talk early for exceptional candidates.
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@0xdididoitright @annanay My argument is that good firms will not allow it to be gamed much. Top firms ask about broad topics and employ very smart people who can grill on technical context. This is not the same as ib where presentation plays a much bigger role and swe became commoditized cuz of lc
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@Robob54174945 @annanay I think the larger point stands that the quant field is known enough at this point that the process to getting in is/will be gamed. Same as other desirable professions before like IB and SWE
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@trydotworks @annanay To some degree, finding friends to tell you exact process for this year is cheating lol. And that happens a lot for firms who are too lazy to switch up their interviews
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@inceliban_ @Graffitinights1 At 35 in nyc I would argue no, it’s probably closer to the middle for finance outcomes
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@Robob54174945 @Graffitinights1 700k a year isn’t succesful in finance ?
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@Khalin_George @AgustinLebron3 This is dependent on the types of experiments but yes successful researchers almost always have 1000s of ideas, but time and setup friction (particularly for long shot ideas) are limiting factor. Current models can often remove (or at least largely reduce) that friction
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@Robob54174945 @AgustinLebron3 The research cluster becomes the bottleneck then. But maybe that’s not an issue for people with 100k GPUs 😂
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Another day, another mindless take from a YC person.
1. If the bottleneck is as he says, then cheap compute can *easily* be deployed to figure out what people want more cheaply, scalably, etc.
2. Maybe it's what people *and agents* want/need.
David Lieb@dflieb
Thought experiment: if every company suddenly had infinite free compute, what new products would emerge? My take: with very few exceptions, not much would change. The bottleneck is figuring out what people want, and it’s not so easy to apply compute to solve that.
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@benbackupbackup I’m afraid you might be mentally challenged lmao. Did you just independently regress on marketization
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If “socialism works in China,” how come the more capitalist a Chinese province is the better it performs by every metric?
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@finn_hulse There’s a lot of annoying accounts on here but man every post I’ve seen of yours I can just tell you’re basically the exact opposite of someone I’d ever want to interact with lmao
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i remember baffling the instructors regularly with my "antics"
during the group discussions at the beginning of mock trading sessions, i'd randomly share tricks (like some way of using the software or a slick math thing) that i would've been much "better off" keeping to myself
the thing is, i never ever want to win just because of some arbitrary advantage. i want everyone to have all of the ingredients to success and i want to crush them nonetheless
the worst, most feeble startups in the world (well, really just the middle of the curve) act like those quant firms: trying to hoard and nurse unique little edges that others would be capable of out-executing them on if shared
the strongest have no such need. they out-execute and monopolize regardless. it's a big reason i really don't mind being extraordinarily open on twitter, even with stuff that might appear like it could be used "against me." it does not matter to me
Finn Hulse@finn_hulse
quant firms would almost never hire someone who'd drop out of college to join a startup especially for trading roles quant attrition has a uniquely high impact on their PnL since your value compounds forever and is initially quite low. if you leave even after 2 years, the firm is likely at a loss (this is the main reason the comp scales upwards forever) so kids who could be convinced to drop out of school to join startups would be huge liabilities/flight risks. those firms want teachable people who will stay for many years—that's their success function. you can have a high risk tolerance when trading THEIR money, but your personal risk tolerance must be negligible i had to learn this the brutally hard way when i was cut from SIG in their final round of big cuts. i was so so pissed because i had literally carved myself into a new person to fit their mold of what made a technically strong trader. but i couldn't change certain aspects of myself and it is a good thing i didn't, because those are the same traits that will let me cripple quant/casino revenues by changing the outside world. if you have any such desires, you're MUCH better off in startup land (they'll sniff you out very quickly anyway)
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@Khalin_George @AgustinLebron3 It has made a lot of researchers way more productive in every domain that I know of, including both quant and LLM research. Just being able to eliminate friction in experiment setup/scaffolding alone is a huge boost for talented researchers
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@AgustinLebron3 Have you actually seen anyone be 10x more productive in terms of actual value (not output) over the last six months?
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@CathPoaster I only have imo bronze, am I cool enough to be your friend?
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hey everyone, i'm jimmy!
- rising sophomore at harvard (wont graduate)
- 36 ACT
- 1600 SAT
- 180 LSAT
- 170Q + 169V GRE
- 528 MCAT
- 23x hackathon winner
- putnam gold (if i choose to do it)
im in SF and looking for friends who have a background like me! if you dont have roughly this level of prestige then please don't reach out
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