Traders
topic on 7 shows · 11 statements across 8 episodes
the Y Combinator Startup Podcast 
Innovators & Investors 
the Knowledge Project 
BigDeal 
WTF is with Nikhil Kamath 
Invest Like the Best 
Capital Allocators
11 statements about Traders, every show
Paul Tudor Jones believes 70% of great trading ability is genetic
“We had a dinner about, I guess it was a year ago Christmas, and I had four or five of my best risk takers at dinner, and we had the debate, is, is, ah, a great trader's born or made? I'd say it was unanimous agreement at the table that 70% of it is, ah, is nat…”
Jones: Great Traders Are Type A, Inquisitive, and Love Games of Probability
“If I had to pick out the number one traits. Type A personality. Incredibly curious and inquisitive. And loves, loves competition, loves games. Because again, the whole, our whole business is just another form of probability theory.”
Just: Traders must amortize windfall years over a three-year timeframe
“We tell our traders too, when you have that great year, think about it over a three year timeframe. Don't think about it as today's money, right? We don't want, because traders can be like athletes in many ways, way too much money at too young of an age.”
Tepper: There are zero billionaire traders in the world
“So of that list, there's zero billionaire traders. And of the 3000 billionaires, they're split between stock investors, real estate investors, and entrepreneurs.”
Simkin: Traders must articulate underlying conditions driving their decisions
“You've incorporated that into your decision process, but if you don't say it out loud, your decision process sounds odd to me. But then you say, here's the pattern that I've noticed, and here's what I'm pricing in, and you say, okay, well then that makes sense…”
Simkin: Susquehanna employs more technologists than traders
“The greatest pool of employees that we have is not traders, it's technologists, because so much of what we do relies on good quality technology infrastructure and business infrastructure that our technologists are able to build out for us.”
Kamath: Investors and traders fail 49 times out of 100
“Like, the life of an investor barred trader is the life where you fail 49 times out of a hundred.”
Todd Simkin: SIG operates on the belief that traders are made, not born
“Susquehanna has always had a very growth mindset perspective on, on teaching trading, you know, before Carol Dweck had even shared her views on growth mindset. That is, that has always been the company's position is that traders are made, not born.”
Lewinsohn: Most Investment Firms Suffer Friction Between Traders and Analysts
“In most instances, traders and analysts do not like each other. Or at the very least exist with like a cold piece because the traders believe that the analysts are eggheads who want to work at a think tank and can't really make money or can't really, if they m…”
Saez-Gil: Traditional carbon offset markets rely on multiple intermediary layers
“Today companies that want to purchase carbon offsets, they generally have to go to brokers. The brokers get their credits from, you know, a trader, the trader maybe from a retailer, the retailer from a, you know, a lot of middlemen along the way.”