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And people who knew what they were actually talking about were pointing out that it's unlikely anyone would have voluntarily left Jane Street as early as he did
by asdajksah2123 4y ago
And people who knew what they were actually talking about were pointing out that it's unlikely anyone would have voluntarily left Jane Street as early as he did. But they were largely ignored.
- type-r 4y agoI read he was there for over 4 years, is that abnormally short? Seems like a pretty normal period of time to me.
- whymauri 4y agoSeems like a weird critique to me. Some people join out of college and realize that, for a variety of reasons, that sector isn't for them (yes, even at Jane Street). Maybe they get overly enamored by an internship; maybe they don't want to live in NYC. My impression is they are pretty 'open door' about rehiring if you leave on good terms or decline an offer anyway.
- Bootvis 4y agoIt seems likely that the Kimchi arbitrage (arbitraging between exchanges in Korea an the rest of the world) was indeed massively profitable. He took a wrong turn later.
- nullc 4y agoWhen I saw that he was using that as the claimed origin of his wealth I wrote him off as an almost certain fraud.
- Bootvis 4y agoWhy? He must have had some money of his own and some rich friends to set it up. So he had the means. Also, the difference was there and it was persistent so he had the opportunity as well.
- nullc 4y agoThere was very little volume available on those pricing discrepancies, making thousands per day without erasing the arb would have been a challenge but perhaps not impossible. The public is expected to believe he made over $10 million dollars per day on average on that trade. It's not credible.
- eddsh1994 4y agoLeaving Jane Street to become a Billionaire seems like a weird criticism
- deleted 4y ago[deleted]
- astrange 4y agoMaybe he likes Haskell better than OCaml.