BardTheBerg

[BardTheBerg @BardTheBerg]

@TaikiMaeda2 Oh boy

[poof @poof_eth]

Had a Jane Street interview in 2013 that still bothers me.

It was my 6th round. Final interview. The guy walks in carrying no laptop, no notebook, just a cold brew and what I later realized was a single IKEA tea candle.

He writes on the whiteboard:

food: $200
rent: $800
utilities: $150
candles: $3,600
family: dying

Then he turns around and says, “Optimize.”
I laughed because I thought it was a culture-fit bit. He did not laugh.
So I said, “Well, obviously you spend less on candles.”
He says, “Assume candles are non-discretionary.”
Okay.

I start building a model. Basic constraint satisfaction. Family survival as a soft penalty. Candles as a state variable. Maybe there’s an arbitrage where you buy wholesale paraffin and convert the $3,600 line item into inventory.

He stops me.

“You’re thinking like a consultant.”

That’s when I knew I was in trouble.

He says, “Give me a bid-ask on family dying.”

I say, “What?”

He says, “You’re long candles, short family. Where do you make markets?”

I try to recover. I say the real issue is liquidity: rent and utilities are fixed, food is elastic, candles are emotionally inelastic. Therefore the optimal strategy is to securitize future candle enjoyment and borrow against it.

He nods for the first time.

Then he asks, “What time do you sell the candles?”

I say, “Whenever the market is liquid?”

He says, “Be more specific.”

I say, “Uh… 10 a.m. Eastern?”

For the first time, he smiles.

He goes, “Every day?”

I say, “Every day.”

He says, “In size?”

I say, “In size.”

He says, “And what do we call that?”

I say, “Market manipulation?”

The room gets very quiet.

He looks disappointed and writes something down.

“No. We call it providing liquidity to candle ETFs during the U.S. cash open.”

I try to save it. “Right. Of course. The family isn’t dying because we underfunded them. They’re just experiencing temporary price discovery.”

He nods again.

Then he points back at the board.

I had missed it. The utility bill was $150, but candles provide light. You can zero out utilities.

I update the budget:

food: $200
rent: $800
utilities: $0
candles: $3,750
family: still dying, but now in a more capital-efficient way

He says, “How confident are you?”

I say, “0.95.”

He smiles and circles candles.

“0.95 huh?”

Then he asks me to estimate how many leveraged longs get liquidated if we dump $3,750 of candles at 10:00:01 every morning for 90 consecutive trading days.
Needless to say I did not get the offer.

[BardTheBerg @BardTheBerg]

Streaming some league on @blaze_stream

Join me on https://t.co/aqW29e6USE

[BardTheBerg @BardTheBerg]

Any League enjoyers among @AvaxApesNFT ???

Check out my stream on Blaze

https://t.co/aqW29e6USE

[NFT Busts @NftBusts]

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[NFT Busts @NftBusts]

The first order will be going out to the 420 King himself.👑🥂

Thank you so much for your support @Dyslexsickk

The discount code is good for one more purchase and time is ticking 😁

[NFT Busts @NftBusts]

🚀 THE LAUNCH IS ALMOST HERE 🚀

Our website goes live on July 10th at 11 AM GMT!

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Turn on your notifications to be the first to grab them!

[BardTheBerg @BardTheBerg]

@NftBusts Wishing you all the best for the launch🥰

[BardTheBerg @BardTheBerg]

@NftBusts I got mine done but wouldn't mind another😇

[BardTheBerg @BardTheBerg]

@NftBusts @AvaxApesNFT @ozandag23 @OykuAka I already have one and I love it but I wouldn't mind a second one if it's free😆

[NFT Busts @NftBusts]

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[Ozan DAĞ 🔺 @ozandag23]

2 devastating earthquakes in Turkey in one day.

Donate to assist the relief efforts.

https://t.co/macUHp9ehC

[BardTheBerg @BardTheBerg]

@barisbuyuktas Defi Kingdoms'da kullanılan Jewel Tokenin de potansiyeli olduğuna inanıyorum proje harmonydeki ana oyununu 4 farklı blokzincire açmaya çalıştğını söylemişti ve 2022 şubat-mart arasında Avalanche zincirine geliceği duyuruldu. Avax üzerinde oynamak isteyenlerin Jewel alması gerek.

[BardTheBerg @BardTheBerg]

@barisbuyuktas Gala tokene bakabilirsin çoğu insanın dikkatini çekmeden top 50 ye yükseldi, arkasındaki şirket çok iyi bi takıma sahip ve güzel oyun projeleri var. Gala token hem governence token olarak hem de bu oyunlar arasındaki iletişimi kurmak için kullanılıyo

[BardTheBerg @BardTheBerg]

GM

[BardTheBerg @BardTheBerg]

This looks way to important to be left to twitter doesn't it

[Elon Musk @elonmusk]

Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.

Do you support this?

[BardTheBerg @BardTheBerg]

@CenGizHan_101 @wingedhussam @EfefTheSurfer bir kişi başarsa bile biter. Küçümsendiği kadar kolay değil. 2 sene arka arkaya her gün yüzde 2 yaptığını düşün. Ana sermayen 1000tl olursa 2 sene sonra paran 182 Milyar TL olur.

[BardTheBerg @BardTheBerg]

72k will be the "belief" phase

[RookieXBT 🧲 @RookieXBT]

We are at hope

[BardTheBerg @BardTheBerg]

Bard considers becoming a foo fanboy and refering to himself as a third character. Looks fun

[BardTheBerg @BardTheBerg]

@mskvsk Nothing compared to this masterpiece from 19.05.2021.