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nikol


Total Posts: 1366
Joined: Jun 2005
 
Posted: 2021-02-12 15:54
likely it will work.

https://www.efinancialcareers.com/news/2021/02/jeffrey-ryan-citadel-r-quant-at-large

... What is a man
If his chief good and market of his time
Be but to sleep and feed? (c)

svisstack


Total Posts: 369
Joined: Feb 2014
 
Posted: 2021-02-19 10:03
Thanks, Nikol; I just had a call with him yesterday. Good contact and for sure useful.

First Commander of the USS Enterprise

jslade


Total Posts: 1244
Joined: Feb 2007
 
Posted: 2021-02-19 14:09
That's pretty much industry rates at the high end if you have a marketing edge (he does). Key is the marketing edge. Stuff like well regarded books, or having appeared in the funny papers.

"Learning, n. The kind of ignorance distinguishing the studious."

deeds


Total Posts: 516
Joined: Dec 2008
 
Posted: 2021-02-20 13:42

@jslade - could you comment on when you've seen full rates achieved

possible to provide any context observations?

seasonality (hype driven innovation lust driven by bull market shoulder? early days of regulatory punitive regime? SPACmadness?)

buyer (structuring with lawyers or on the back of big transaction?...hard to see how risk management ever has urgency or need except for remediating inspection fall out)

pervasive, universal challenge for folks who love quantitative work - how to get paid properly.

any comment welcome.


TonyC
Nuclear Energy Trader

Total Posts: 1364
Joined: May 2004
 
Posted: 2021-02-20 22:59
hell any white shoe law firm like Sherman and Sterling bills out a kid 6 weeks out of law school for $350 bucks an hour.

so 3 grand for a seven or eight hour day for someone that has a multiyear rep with a citadel pedigree seems cheap

flaneur/boulevardier/remittance man/energy trader

jslade


Total Posts: 1244
Joined: Feb 2007
 
Posted: 2021-02-23 14:35
Deeds: I have no idea what you're talking about here. That's more or less what you charge if you know what you're doing and people know who you are. If nobody knows who you are, something like half that is about right.

"Learning, n. The kind of ignorance distinguishing the studious."

nikol


Total Posts: 1366
Joined: Jun 2005
 
Posted: 2021-02-23 14:46
@deeds

Apparently, the man knows the 'limit order' dynamics very well. If demand increases, he will rise the bill, such that his capacity ~40 h/week is fully loaded or whatever his appetite for work is. This publication is about marketing. At this moment his potential market is fully exposed to Big4-type consultants, as you correctly saying, so he has to dig into his own niche.

... What is a man
If his chief good and market of his time
Be but to sleep and feed? (c)

chiral3
Founding Member

Total Posts: 5221
Joined: Mar 2004
 
Posted: 2021-02-23 15:26
x% of quants know their weapon well, understand how to design and build and influence, know the business, have cultivated great connections, can read the tea leaves and understand the shifts that have happened over the decades. They will be fine. For the other 1-x%... get your hustle on and welcome to the gig economy.

Nonius is Satoshi Nakamoto. 物の哀れ

deeds


Total Posts: 516
Joined: Dec 2008
 
Posted: 2021-02-23 18:10

aware of big 4 (and big corporate) dynamics

to everything there is a season

(unless you are Ram Charan or have similarly infatuated clients. good name clients who say they pay $20k may be almost as valuable as actually having them)

"Charan doesn't own a car because he never learned how to drive, and besides, where would he keep it? A plane, perhaps? With a day rate that clients say can top $20,000, he could afford one. "

https://archive.fortune.com/magazines/fortune/fortune_archive/2007/04/30/8405482/index.htm

chiral3
Founding Member

Total Posts: 5221
Joined: Mar 2004
 
Posted: 2021-02-23 20:23
I have met that dude a bunch of times. WTF. He was batshit nuts, babbling constantly and incoherently, and incessantly name dropping. The first time I met him, having not asked him anything, only standing next to him, he started rattling off this list of "have to dos" he came up with with Sergei Brin of somesuch person he randomly namedropped. It was like early stage dementia had a love child with a charlatan. "One. You must scale. Always scale. Three. The platform must be modular. Uhhh. Three. Always ask yourself 'does it scale?'. And. Uhhh.... Most important! Two. Do I have the right people? That's what Jack Welch always asked himself. He would call me late at night... four AM... 'Do I have the right people?'. Always be asking if your people scale. But, most important. Platform. Never forget. Platform." Holy fuck. What a ruse.

Nonius is Satoshi Nakamoto. 物の哀れ

nikol


Total Posts: 1366
Joined: Jun 2005
 
Posted: 2021-02-23 20:56
@chiral

)))

Everyone searches and finds his/her own buddha.

... What is a man
If his chief good and market of his time
Be but to sleep and feed? (c)

deeds


Total Posts: 516
Joined: Dec 2008
 
Posted: 2021-03-11 14:06
@chiral - thanks...suspected, but wondered...

@nikol - perhaps relevant advice is: "If you meet the Buddha, kill him." Linji Yuxuan, 866 bce

Jesse Livermore agrees, in my recollection, as does W Edwards Deming.

Maybe agreement from anyone who has ever been sharpened by true challenge and knows that advice is not portable but relies on the crucial element of kairos.

Maggette


Total Posts: 1316
Joined: Jun 2007
 
Posted: 2021-03-11 18:56
@chiral3 ROFL...that was awesome.

I love things like that. If you have like-minded colleagues who happened to be in the room, this can become an awesome running gag applicable to almost everything. Deciding where to go to lunch "don't forget to ask if it scales" .."It does, but do we have the right people?"

Awesome.

Ich kam hierher und sah dich und deine Leute lächeln, und sagte mir: Maggette, scheiss auf den small talk, lass lieber deine Fäuste sprechen...

chiral3
Founding Member

Total Posts: 5221
Joined: Mar 2004
 
Posted: 2021-03-11 20:51
Mag, I am further convinced that Gavin Belson's guru was inspired by him. What clinched it for me was the Lennon Imagine reference because it was playing once when I met the guy.

Silicon Valley




Nonius is Satoshi Nakamoto. 物の哀れ

Maggette


Total Posts: 1316
Joined: Jun 2007
 
Posted: 2021-03-11 22:36
Jesus....
If I becone filthy rich, I will found a Start Up as front that provides some absurdly stupid product, invite you guys and hire that quote machine for some kind of strategy workshop.

Ich kam hierher und sah dich und deine Leute lächeln, und sagte mir: Maggette, scheiss auf den small talk, lass lieber deine Fäuste sprechen...
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