I'm pretty sure that russet potatoes--
for baking--
have to be a certain size,
but what I'm getting when I try to save 10 cents/lb,
by buying a 5 lb bag,
is only russetcitos!
Idaho should be ashamed.
@JDVance Unless you're a friend of the president's and/or give a substantial sum to his political campaigns, in which case massive fraud merits a pardon.
@susanto_ma68325@shaTIRED The health care sector is a perfect example of a market failure, hence the need for regulations to promote desired societal outcomes (fewer sick/dead people).
@blastmantra@otherbarrylives@MorePerfectUS The Democrats have had an "all of the above" energy policy for many years.
In what way is "attacking fossil" just as bad as "killing green energy"? Fossil fuels have gigantic negative externalities
Had a Jane Street phone interview in 2016. "Price a 6-month forward on carrots."
There's no carrot futures market, so I build one from scratch: seasonal harvest cycles, USDA demand elasticity, cold storage decay rates.
One trader stops me. "Your storage cost function– you're modeling the carrot as dead inventory. Like grain in a silo." He asks me the metabolic respiration rate of a post-harvest carrot at 2°C. I estimate.
"Your forward is overpriced by exactly that shrinkage. The underlying is consuming its own sugars. It's alive." Good correction. I adjust the model. I think I've recovered.
Rejection email comes the next morning. Subject: "Ethical Review." My framework, they write, "relied on the severance of the root organism from its growth medium." The question about respiration was a test. The carrot was still alive and I'd built an entire derivatives structure on top of its death without questioning whether harvest was an acceptable act.
I pull up the recruiter's original email. It doesn't say Jane Street. It says Jain Street– a non-violent quantitative commodities fund.
The carrot was never supposed to be priced. It was supposed to be refused. I later learn the only candidate who passed that round was a former monk from Gujarat who sat in silence for eleven minutes and said, "I cannot put a price on life." He's now a partner.