Tanta güevonada que se habla de este país y mírenlos, pura gente seria y comprometida, la próxima vez que hablen de la India recuerden que esa gente en pleno mierdero envió un hospital de campaña
chat. we’re looking to hire a growth intern @StimulerApp - come work w me and a super young team.
ideally looking for someone w some experience & a keen eye for content. office is in hsr. you’d make 50K/month as an intern.
send some recommendations, pls.
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.
In 2019 my girlfriend (now wife) sent Patrick Collison a cold email for the ages. Patrick replied 3 minutes later, warmly, with a yes.
A few weeks later I met Patrick at Nopa at 9pm. He ordered tea, I ordered something stronger. He was congenial and energetic, and 90 minutes flew by.
The whole episode was special. My wife sending that email was a remarkable gift. Ditto Patrick's generosity.
They say never meet your heroes but I think the better advice is to choose the right ones.
Asked someone from the industry whether foreign investors are still interested in allocating to India. The TLDR:
Interest has pretty much died out. India is seen as geopolitically exposed, especially to an oil shock. There are no real AI plays. Valuations are rich. And the rupee situation doesn't help.
On top of that, investors who were sitting on gains have taken money off the table and are now looking at markets like Japan, Taiwan, Korea, Europe etc instead.
He also pointed out that our LTCG/STCG structure and the increase in STT have made India less attractive compared to other markets that are seeing inflows.
If we need to attract FPIs back, and we do, fixing this feels like pretty low-hanging fruit.