Todd Simkin
10 statements across 1 episodes · 4 bullish · 2 bearish · 1 people on the record · first statement Sep 7, 2021 by Todd Simkin · across every show →
On the record as a speaker too: Todd Simkin's record, appearances and statements → this page counts the times other people say the name.
Everything said about Todd Simkin, oldest first
Sep 7, 2021 positive
Simkin: Strict binary rules reduce cognitive load better than flexible principles
“It's so much easier if you have a rule than if you try to have a principle, right? That I don't eat dessert is so much easier than each time that you have the opportunity to have dessert to say, well, I don't eat a lot of dessert. Is this one of the times that…”
Sep 7, 2021 neutral
Simkin: Negotiations are collaborative because counterparties can always walk away
“Every single negotiation is a cooperation and a collaboration. But there's not a single time where I'm almost never, and really, you know, probably never, where the other person has to negotiate with you. They have some alternative. They can walk away, which m…”
Sep 7, 2021 positive
Sep 7, 2021 negative
Simkin: Call-out culture incentivizes finger-pointing regardless of expertise
“The big problem with call out culture is that we're rewarding people just for the call out. That it doesn't matter what their other behavior it is. It doesn't matter what other positions they have, what knowledge they have, what expertise they have. They just …”
Sep 7, 2021
Simkin: Calibrating forecasts requires frequent, uncorrelated repetitions and feedback
“If the only thing that you predict are very hard to predict outcomes and you predict them very rarely, you're not going to be able to calibrate very well at all. On the other hand, if you predict many different things that particularly if they're uncorrelated,…”
Sep 7, 2021
Simkin: Joined SIG with no finance knowledge after studying deaf culture
“I joined Susquehanna in 1997 straight out of college. I went to University of Virginia undergrad. Unlike sort of the stereotypical finance background, I studied a combination of anthropology, psychology, linguistics, and education. And I, it was combined into …”
Sep 7, 2021 positive
Sep 7, 2021
Simkin: Use related instruments to find disconfirming evidence before taking trades
“And again, in isolation, it's really hard for me just to say this person's wrong. But if I have a similar looking option, similar because it's the same expiration, or because it's the same strike and a different expiration, or that there's something about the …”
Sep 7, 2021 negative
Simkin: The worst probabilistic forecasts come from media-incentivized experts
“The worst forecasts are often from people who are experts who make extreme forecasts. You know, when they're right, they're going to look really right because they said something extreme. And that means that they're going to get on the news program.”
Sep 7, 2021 positive
Simkin: Assuming counterparties know what they are doing protects traders
“On the trading side, sort of this principle of charity is really giving somebody credit for knowing what they're doing when they're trading against you. This is what sort of protects you from being run over by somebody who has better information than you do.”