Gerrit Koechling

Postdoctoral Researcher @TU_Dortmund in Finance & Economics

[Andrew Akbashev @Andrew_Akbashev]

#PhD student: Makes $30k a year. Works on weekends as well. Zero life-work balance.

"Do you think I have a chance to become a professor?"

Prof: "Yes, of course! Finish this project and we will publish excellent papers. I am sure you will easily find a faculty position."

▫️

2 years later:

Student finishes the project. Professor writes a report. Papers are published.

Student: "Do you think my CV is strong enough?"

Prof: "Yes, you are the best!"

▫️

Next 4 months:

Student submits 50 well-tailored applications for faculty positions.

Zero interviews. A lot of broken dreams.

▫️

Key takeaways:

1. Make sure you distinguish encouragement from reality.
- By encouraging you, your advisor may unintentionally give you too much hope. Keep a cool head.

2. Always ask other faculties for external opinion on your case.
- Your advisor’s opinion is always biased. Look for more input outside your group.

3. Don’t expect fairness during candidate selection.
- Hiring process is subjective by definition. It is done by people with very different views on who is the best. You may put tons of efforts into a research statement only to find out later that no one really reads it.

4. The reality is brutal.
- Departments can receive 300-500 candidates per opening. Many have excellent CVs and cool ideas. At top- and mid-rank universities, selection criteria can become extremely questionable (like, who exactly was your PhD advisor? Is your recomm. letter 3 pages long? etc).

And there is no need to say “You don’t know anything about it. It’s not like this”.

I went through this myself. Many times. Along with many colleagues.

Do not expect fairness. See luck as a big factor.

Apply broadly but have a backdoor ready.

#AcademicTwitter

[Mark Annuncio @MarkAnnuncio]

Nature executive interviewed about creation of "Nature Human Behavior"

[Duncan Money @mininghistory]

Some depressing news: My contract at Leiden will not be renewed. While here, I will have published 2 books, 12 articles + chapters, taught, ran the graduate programme, supervised MAs and 4 PhDs, but it's not enough. I failed at only thing that really matters: getting funding.

[Roman Matkovskyy @matkovskyy]

Save the date: 9-10.12.2021 a conference on economic & financial perspectives of Non-Fungible Tokens (#NFTs) & #blockchain-based #investment strategies at @RennesSB. Deadline for submissions: 1.08.2021.
Details: https://t.co/I0FwNwEc5t
#EconTwitter #cryptotwitter @MichaelMDowling

[Elon Musk @elonmusk]

Tesla & Bitcoin

[Gerrit Koechling @__gerrit]

@arpitrage @D_Langenmayr This is awesome. I have to reorganize my Dropbox

[Gerrit Koechling @__gerrit]

@matkovskyy Thanks for sharing!

[Gerrit Koechling @__gerrit]

@matkovskyy Welcome!

[Gerrit Koechling @__gerrit]

@JahanshahlooH @ajurquhart1 @matkovskyy @CUBiD_DB Thank you! I'll check it out as soon as I can

[Gerrit Koechling @__gerrit]

I wrote a short, descriptive blog article on #wallstreetbets and #gamestop.
“Buy” and “hold” were mentioned 5 times as often as “sell” on r/wallstreetbets. Surprise
Link to the article: https://t.co/E4Sd4sk0OO

#reddit #gme #robinhood

[Gerrit Koechling @__gerrit]

Institutionals grinding momentum strategies by front-running #robinhood trades. Insightful wrap-up here 👇

[Robin Hood @robinhood]

Lovely to have all these new followers .. can we just check that you know that you’re following The World Wide Robin Hood Society in Nottingham and not the Robin Hood App .. if so .. a big welcome from Sherwood 🙌

[Gerrit Koechling @__gerrit]

@MaryAbdelazizD Ich sehe es zwiegespalten. #Retail Absprache wie es hier passiert ist, ist im Prinzip wie ein dezentraler #HedgeFund. Ein Produkt von #DeFi. Aber, wer sagt dass es nur Retail ist? Sicherlich greifen hier auch #Momentum Strategien von Institutionellen. #regulation is needed.

[Lex Fridman @lexfridman]

I wish real life would have measures of computational complexity like computer science does. For example:
- Tweeting is O(1)
- Friendship is O(log n)
- Love is O(n)
- Marriage is O(n log n)
- Finding meaning in existence is O(2^n)

[Gerrit Koechling @__gerrit]

Support Jana and her family to rebuild their home https://t.co/fKkr7r1KRw

[Gerrit Koechling @__gerrit]

Indeed accurate, found at @lexfridman

[World Economic Forum @wef]

These are the world’s greatest threats in 2021 @MarshGlobal @Zurich https://t.co/FD1l9wq9Nl #DavosAgenda #risks21

[Gerrit Koechling @__gerrit]

Twitter sentiment ideas are ten a penny nowadays IMO. This visualization is really neat though
https://t.co/s7esP4k10M