tag:blogger.com,1999:blog-5880610.post5780552101366347284..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: Goldman v. AleynikovSteve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-5880610.post-4033211578658695942013-12-06T13:10:03.699-05:002013-12-06T13:10:03.699-05:00This interview process sounds like it's design...This interview process sounds like it's designed to filter out the exceptional deception skills of high IQ sociopaths.MrJonesnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-2059761076525226122013-11-28T15:10:55.174-05:002013-11-28T15:10:55.174-05:00http://www.finalternatives.com/node/15884
Before ...http://www.finalternatives.com/node/15884<br /><br />Before you tell the FBI you smashed your hard drives to bits because you didn't want them to see your pornography collection, remember that they are fully prepared for busting Al Qeda's cells trying the exact same thing.LondonYoungnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-8504798639135931952013-11-28T10:29:22.728-05:002013-11-28T10:29:22.728-05:00The most important take away from reading this art...The most important take away from reading this article is to never talk to the police (FBI). You are under NO obligation to answer their questions or give them permission to search your person, car, house, whatever.<br /><br />A law school professor and former criminal defense attorney explains why you should never agree to be interviewed by the police:<br /><br />http://www.youtube.com/watch?v=yulvanoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-36961418229613972592013-11-27T19:59:39.684-05:002013-11-27T19:59:39.684-05:00That is conventional wisdom that bears worth makin...That is conventional wisdom that bears worth making its relationship to the $GS hiring process explicit before you accept it in this case.David Coughlinnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-14073990958274846992013-11-27T13:59:44.251-05:002013-11-27T13:59:44.251-05:00I agree that there is much noise in the candidates...I agree that there is much noise in the candidates but based partly on <br />the fact that the biggest component determining whether someone passes <br />an interview is first impression, I still believe that the noise in the <br />process dominates.Corneliusnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-61538679341697289492013-11-26T21:16:43.076-05:002013-11-26T21:16:43.076-05:00The vanity Fair article was biased, using words wh...The vanity Fair article was biased, using words which have totally different meanings in common life and computing without further explanation, such as<br /><br /><br />"subversion' In computing means a newer version of the software, nothing sinister. The agent seemed to use this word many times and seemed to imply sinister actions.<br /><br /><br /><br />"super user status". dxie48noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-27960363589805063592013-11-26T21:03:17.074-05:002013-11-26T21:03:17.074-05:00"caused by slow, clunky software—and that was..."caused by slow, clunky software—and that was Goldman’s problem"<br /><br />Compare to modern direct application specific FPGA based hareware trading platform right at the network switches. Market data are extracted even before the network data packet is completely decoded.<br /><br />http://www.youtube.com/watch?v=nXFcM1pGOIE<br /><br /><br />What is the value of outdated software ?dxie48noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-75034059982688368772013-11-26T20:45:27.575-05:002013-11-26T20:45:27.575-05:00Citadel HFT in action,
http://www.youtube.com/wat...Citadel HFT in action,<br /><br />http://www.youtube.com/watch?v=2u007Msq1qodxie48noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-59404556473415661642013-11-26T20:40:15.926-05:002013-11-26T20:40:15.926-05:00"They may be misguided as to the best techniq..."They may be misguided as to the best techniques for filtering human capital"<br /><br />Unfair advantage for those familiar with the ancient holy vedic numerical techniques and short cuts,<br /><br />"Nirvana By Numbers"<br />http://downloads.bbc.co.uk/podcasts/worldservice/discovery/discovery_20131118-2100a.mp3dxie48noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-87819828589448381832013-11-26T17:10:42.713-05:002013-11-26T17:10:42.713-05:00I think that you are misallocating noise to the pr...I think that you are misallocating noise to the process. The noise is in the candidates, and the noise is probably much higher in candidates who don't recognize the tricks.David Coughlinnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-56881714445027083092013-11-26T10:09:02.307-05:002013-11-26T10:09:02.307-05:00$GS casts a pretty wide net looking for people to ...$GS casts a pretty wide net looking for people to fill the back office. You probably are not going to be in the 8-figures/year bracket in the back office, but I have heard that Aleynikov was making $1.7M salary+bonus. That is starting to be professional ballplayer money, and the naive you-don't-own-my-work play holds a lot less water.David Coughlinnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-22054614956518481512013-11-26T05:11:30.573-05:002013-11-26T05:11:30.573-05:00My argument is that given the high ability level o...My argument is that given the high ability level of those who make it to the interview and the noisiness of the process, cost of conducting interviews > value gained by getting slightly better candidates by conducting those interviews. <br /><br /><br /><br />If that is true then either firms are irrational or they are getting some other value from the vetting process.Corneliusnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-53900330566380376842013-11-26T03:06:50.079-05:002013-11-26T03:06:50.079-05:00I've been in the position of having to select ...I've been in the position of having to select teams to accomplish *real* tasks with objective standards of success -- not just impressing clients. HFT firms, most software startups, and most science and engineering teams are also in this position. They may be misguided as to the best techniques for filtering human capital (brain teasers are noisy indicators, but can give you some insight intosteve hsuhttp://duende.uoregon.edu/noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-4823054352445683392013-11-25T23:32:37.879-05:002013-11-25T23:32:37.879-05:00was this guy a quant? or was his role purely "...was this guy a quant? or was his role purely "technical"?<br /><br /><br />i read a want ad for a quant which said, "for marketing purposes only graduates of elite schools will be considered." this guy wasn't that.<br /><br /><br />branding and complexity are both deliberate attempts to avoid competition. govt does have a role in forcing commoditization when the market Diogenesnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-8766307849042630942013-11-25T14:17:15.247-05:002013-11-25T14:17:15.247-05:00“I was not used to seeing people put so much energ...“I was not used to seeing people put so much energy into evaluating other people,”<br /><br /><br />I wonder what portion of the value that firms get from this type of vetting process is the aura of prestige/elitism that it builds around the firm. Yes, quants have more hard skills than other finance types, but from what I know of quant interviews vs. the daily demands of real quant jobs, the Corneliusnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-28863116876626929522013-11-25T12:58:12.574-05:002013-11-25T12:58:12.574-05:00You're right!You're right!David Brahmnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-28711305993606758672013-11-25T11:26:35.886-05:002013-11-25T11:26:35.886-05:00No, Malyshev's boss at Citadel was someone you...No, Malyshev's boss at Citadel was someone you know/knew. A student of Stanley's. Look up the court docs ;-)steve hsuhttp://duende.uoregon.edu/noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-84525372095532922842013-11-25T11:15:23.327-05:002013-11-25T11:15:23.327-05:00Frightening -- glad I don't work for GS! But ...Frightening -- glad I don't work for GS! But are you claiming that Misha Malyshev was a Berkeley contemporary? He got his Ph.D. from Princeton in 1999.David Brahmnoreply@blogger.com