3 ms·
>"I can only guess", sounds like a 17yo that never had to buy his own toilet paper Some people, and I was one of them, who weren't paying much attention, read
by vba616 4y ago
>"I can only guess", sounds like a 17yo that never had to buy his own toilet paper
Some people, and I was one of them, who weren't paying much attention, read that he had worked for Jane Street, and said to themselves, "ah, he must be a relatively mature adult, unlike the other crypto bros".
But in hindsight, it seems that his role there did not prepare him for running a multibillion dollar business and why should it have?
Working for a big company means you in fact don't have to buy toilet paper (for the office). And if you aren't particularly mature or self-aware, you might take it for granted.
From "Money Stuff":
"If, later, you leave to start your own firm...you certainly won’t take its risk-management systems. And then when your colleagues say to you “hey, let’s set up some risk systems and hire an accountant, like we had at Jane Street,” you can reply “nah, I’d prefer to ignore that stuff, like I did at Jane Street.” You’re both right! Someone else at Jane Street set up those systems so you didn’t have to worry about them. But now you’re in charge, and if you don’t worry about them no one will, and then you end up not knowing how much money you have, or how much you’re making or losing, or how much you owe your customers."