auntienomen

10 ms·

91.
by auntienomen 3y ago
That's 4-5 years for solving Olympiad problems. Those are just very tricky high school math problems. They have solutions and can generally be solved by applying some combination of standard tricks. It's very much the sort of
92.
by auntienomen 3y ago
This is a matching engine. It's the platform where traders trade.
93.
by auntienomen 3y ago
Lawyers will advise you not to do this. It exposes you to accusations of IP theft and barred competition.
94.
by auntienomen 3y ago
Interestingly, it's the opposite. They made the donations anonymously and were outed by a charity reporter. Likewise, the charities were things like the Sierra Club, various disease research foundations, and the ACLU.
95.
by auntienomen 3y ago
Voleon is competing with the local unicorn population. Unless their returns are amazing, you can get comparable lifetime returns at higher sharpe as a big tech employee.
96.
by auntienomen 3y ago
The largest stream of charitable donations in California come from the most IP-paranoid hedge fund I know of. If you have negative opinions of the finance industry in general, I can't do much but remind you that it's a large and v
97.
by auntienomen 3y ago
You've missed my point. I'm not commenting on Voleon's non competes. I'm commenting on the fact that CA's noncompete laws make it challenging to run a business like Voleon.
98.
by auntienomen 3y ago
This is one of the few sad side effects of CA's noncompete laws: it's very hard to run a business like Voleon where there's genuinely valuable IP. It's why we have like 2 quant hedge funds here, despite all the availabl
99.
by auntienomen 3y ago
Normally you end up with a known percent of the firm's profits. The profits can't be known in advance, but everything else is.
100.
by auntienomen 3y ago
Running the matching engine at discrete times doesn't eliminate the speed race, as that's mainly about jockeying for queue position. You could put in an auction instead, but that's just changing the rules of the game rather
101.
by auntienomen 3y ago
It implies that Overdeck agrees with the characterization, which devalues Siegel's contributions.
102.
by auntienomen 3y ago
Well known higher rates of illness, death, genetic abnormalities, you name it. Only benefit to waiting is you have more cash.
103.
by auntienomen 3y ago
The thing is... I am the user.
104.
by auntienomen 3y ago
Is CDT developed enough that one can calculate black hole entropy? I'm guessing not yet, but wouldn't mind being corrected...
105.
by auntienomen 3y ago
They were living rent free. So they'd have had to find a room for $559 near Cal. That was hard in 2005. Otoh, they have missed out on the chance to build connections with their classmates, which is one of the main benefits of even a
106.
by auntienomen 3y ago
My favorite version of Staff Engineer is "Person whose prospects for career advancement are limited by their seniority, who is consequentially incentivized to care about doing the right thing". Least favorite version is the one wh
107.
by auntienomen 3y ago
And math is of course a part of physics.
108.
by auntienomen 4y ago
Penrose's expertise is general relativity. He's not at all expert in particle physics, which is an essential part of cosmology these days.
109.
by auntienomen 4y ago
Not really, but it's hard to tell through the jargon. The point is that the Caymans are neutral territory for tax purposes. If you're in the US, you owe US taxes on the profits in your Cayman fund. Likewise, if you're in Can
110.
by auntienomen 4y ago
This comment needs to be recast to the tune of We Didn't Start the Fire.
111.
by auntienomen 4y ago
No one has to sell. That part is optional. This allows employees and former employees to receive shares and to pay the taxes due on receipt. Paying taxes at low valuation is a win.
112.
by auntienomen 4y ago
No, it's not take it or get nothing. People have RSUs. Those RSUs vest at some point. When they vest, they have to pay taxes on them, at whatever value they have at that moment. This raise allows Stripe's employees to pay those
113.
by auntienomen 4y ago
Not really. On general grounds, you expect to take a haircut when you offer shares privately, because there are fewer investors competing for the shares you're selling.
114.
by auntienomen 4y ago
It depends whether current employees are getting their next RSU before or after this down-round.
115.
by auntienomen 4y ago
Hanno Rein writes some of the prettiest C code I've seen. He also has a cool app, Exoplanets. Big fan!
116.
by auntienomen 4y ago
Can't do 8 without those!
117.
by auntienomen 4y ago
It would have to be a new account at a different bank. FDIC coverage is per bank, per depositor, and per ownership category (e.g. single vs joint account).
118.
by auntienomen 4y ago
This is the right thing to do. I don't think we want to live in a world where only systematically important banks are considered safe.
119.
by auntienomen 4y ago
To be fair, the bank run is what made SVB insolvent. Prior to that, all they had was a liquidity problem. A rather big one, but if depositors hadn't bailed, SVB would just have had subpar growth for a few years.
120.
by auntienomen 4y ago
It's a noisy measure, since FDIC / Fed / Treasury are quite reasonably worried about this failure setting off a series of bank runs.

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