3min chapter

Dwarkesh Podcast cover image

Brett Harrison - FTX US Former President & HFT Veteran Speaks Out

Dwarkesh Podcast

CHAPTER

How Do Adverse Selection in Trading and Hiring Differentiate?

In hiring there are one many more opportunities for positive selection versus the negative selection usually in counter and finance. Most financial markets are like you know in the US when you think about like trading in general you're thinking about like liquid markets. The hiring market is highly inefficient but it can be a good thing if companies have really strong brands. Jane Street should not replace OCaml with Rust because there's too much infrastructure already in OCaml but starting from scratch. It would be worth it to write very very careful OCaml that almost ends up looking like C instead of static typing and compile time safety in Rust.

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