This matches the word out of Citadel Securities. The firm is still split between Miami and New York, but Miami is known as being far more hard core. There has been a self selection of those who prioritize social life going to New York vs. those who prioritize calm lifestyle and focus to Miami.
I spent the last few days in Miami. Counter-intuitively, this may be the place to Lock In if you're a serious technologist.
Let me explain. For normal people, Miami has a wild number of distractions: non-stop parties, yachts, clubs, festivals, any hedonic indulgence you can possibly imagine. However, as a married nerd who does not drive sports cars, this is all foreign to me. If I lived in Miami (South Beach), I would just sit inside, hands on keyboard all day. And the good weather encourages some lifestyle balance; it's easy to go outside, exercise, touch sand & water.
By contrast!! For technologists, San Francisco has a wild number of distractions: non-stop Partifuls, Nick Land reading groups, startup coffee chats, endless alcohol-free parties entirely subtextually dedicated to trying to figure out who can best figure out the future, any software-related dopamine release you can possibly imagine. I am sorry I cannot make our dinner tomorrow; I am triple-booked with three separate Wittgenstein x AI discussion groups. And you could say no to these events and sit at home to vibe code your latest idea (but it's not enough, you'll get 5 ideas a day here), but the FOMO is overwhelming. There's nothing worse than falling behind.
SF is buzzing so intensely that you want to get away from it all -- shut out the outside world, organize, prioritize, and work eighty hours straight in a quiet peaceful beach town with healthy food and nothing going on. And from a software perspective, that's Miami.
Scoop: Millennium will back a new quantitative hedge fund firm led by former Citadel researcher Paul Dou, which may oversee more than $1 billion for the giant over time
https://t.co/7l7O8F5jAq
A big pivot from Ken Griffin on AI:
“Number one is, in the last few months, there has been a step change in the productivity of the AI toolkit. It is profoundly more powerful than it was just nine months ago.
And for us at Citadel, that has allowed us to unleash a much broader array of use cases for AI. And it has been really interesting to watch, to be blunt, work that we would usually do with people with masters and PhDs in finance over the course of weeks or months being done by AI agents over the course of hours or days.
These are not these are not mid-tier white collar jobs. These are like extraordinarily high skilled jobs being, I'm going to pick a word, automated by agentic AI. And I gotta tell you, I went home one Friday actually fairly depressed by this because you could just see how this was going to have such a dramatic impact on society.
When you witness it in your own four walls, when you see work that used to be man years of work being done in days or weeks, it's like, wow, like that's the first time I've seen real impact in our four walls.”
This echoes my own experience with agents and the conversations I am having with students, friends & clients. The toolkit has dramatically transformed and it feels like in finance, for the first time, AI is real.
@agupta The population of FL is 3x NYC. So 3x spending per person… which gets you arguably worse education outcomes, higher poverty rates (22% vs 12%!) and abysmal class mobility metrics. Isn’t that at least a little weird?
On this day in 2000, Death Cab for Cutie released their second album, We Have the Facts and We're Voting Yes. Here's the band playing "Company Calls" in Orlando, Florida, in April of 2000
Miamiposting might be a phenomenon whose time has passed, but having just spent a few days visiting, it really does feel like a boomtown in a way that no other American city that I've spent time in over the past few years does. In some ways, it reminds me of Chinese cities.
If our civilization is truly to move toward life, we must forge gigantic statues.
Alexander was so intensely alive because the specter of Achilles was strong in his sky.
He measured himself against him. He wanted to rival him.
In the same way, we must measure ourselves against Alexander. We must dare to rival him.
We must raise the immense specter of Alexander in our sky.
This is the sacred rivalry that runs through the centuries and keeps us alive.