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I highlighted Jane Street's recruiting outreaches specifically, when talking with an R&D unit at a big financial institution. (I also mentioned the tactic of f
by neilv 3y ago
I highlighted Jane Street's recruiting outreaches specifically, when talking with an R&D unit at a big financial institution. (I also mentioned the tactic of fringe-tech-that-some-heavy-hitters-love. OCaml, Lisp, Rust, Erlang, etc.)
When I first heard of Jane Street, it sounded like Yaron Minsky was going around to MIT and such, high-touch, trying to hire just a few people. And later, things like this blog: https://blog.janestreet.com/author/yminsky/ https://blog.janestreet.com/author/yminsky/
The only negative thing I recall hearing is Jane Street alumni responsible for the infamous FTX and Alameda Research. I don't know whether the individuals were already fully into hopped-up sociopathic/narcissistic thinking in college, or whether their internship and employment experience contributed.
- caddemon 3y agoIt seems their thinking is part of what led them to JS in the first place, which is a bit of negative and maybe they had some ideas reinforced there. But I also think they were some of the more extreme ones to begin with. They obviously didn't internalize JS's concerns about risk at all lol.
- antasvara 3y agoA Jane Street trader's risk tolerance does not equal Jane Street as a whole's risk tolerance. When you have 1,000 traders, each individual trader's risk profile can be much higher. There are also guardrails around compliance, risk management, etc. at the firm level that traders aren't necessarily involved in. The things that made them great traders also made them much riskier choices to lead a larger company. To them, compliance is an obstacle in the way of profitable trades.