None of the last class work for me, and for those of you worried about my profitability I'm highly profitable and able to share a good bit of that with my employees that make it possible. I find I'm able to eat the "kids these days are snowflakes, I have the right to be an asshole" firms for lunch every time I have the chance to compete with them, no wonder why!
One of the World's Most Successful Hedge Funds is Facing an Employee Rebellion Over Donald Trump
- Thread starter RRY16
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No, I'm smart enough not to bring politics into work. If I did I'd expect my employees to call bullshit on me for doing so.
This guy does not follow norms and this is evident in his behavior.He works for Rentec since June of 1995 which leads me to suspect that he played part in creating strategies that Medallion is trading.He did take a sabbatical and they took him back and let him work from home.
No point in arguing if his argument with his boss is right or wrong,David Magerman does not follow rules,he does not see boundaries where you guys see them and make no mistake he is still valuable to his employer,he only got suspended.
This is fascinating,how much outside the norms you really need to be to "crack this thing".I am talking about specific algorithm that is robust and produces alpha in all conditions.
Besides being good at math it comes down to very thing of knowing no wrong.
It allows intellectual pursuit of innovation and discovery of something worthwhile.
We know they don't hire from Wall Street,it would render creative thinking.Work environment at Rentec must be very relax if they have people like him there and people at the top know these "antics" are part of what makes this whole thing work
Feel free to negate everything I wrote if it is important to you that employee or his boss were wrong.Imho none of them were wrong,but action have consequences.Hopefully David Magerman will not go to tell others what strategy Rentec is trading.
No point in arguing if his argument with his boss is right or wrong,David Magerman does not follow rules,he does not see boundaries where you guys see them and make no mistake he is still valuable to his employer,he only got suspended.
This is fascinating,how much outside the norms you really need to be to "crack this thing".I am talking about specific algorithm that is robust and produces alpha in all conditions.
Besides being good at math it comes down to very thing of knowing no wrong.
It allows intellectual pursuit of innovation and discovery of something worthwhile.
We know they don't hire from Wall Street,it would render creative thinking.Work environment at Rentec must be very relax if they have people like him there and people at the top know these "antics" are part of what makes this whole thing work
Feel free to negate everything I wrote if it is important to you that employee or his boss were wrong.Imho none of them were wrong,but action have consequences.Hopefully David Magerman will not go to tell others what strategy Rentec is trading.
Excellent point, both Renaissance and AQR hire PhDs IE from academia
One of which, the guy who's company eats yours for lunch because you're an asshole to your employees? Yes, guilty as charged!
Oh, are you saying I'm a snowflake. Was it my 20 years as a military pilot that made you think that? Definitely a snowflake environment, that was. What's your background again? LOL LMAO
Many employees aren't willing to accept criticism and can't deal with being told what to do.
im saying if your employees brought their politics to YOUR work. Would you let them run roughshod over you with their beliefs at the risk of you being an asshole and telling them to shut it down?
Once again, I hire mature, top performing individuals who aren't assholes. So they do follow basic rules of etiquette like not bringing up politics at work, or religion, or money, or sex, or any number of other things that aren't considered polite in workplace conversation. And if they do we have a private conversation about it and I call BS on it to them just like I'd expect them to do for me. Being mature, high performing individuals that kind of environment works very well for them and me.
Again, I was a military officer for over 20 years, so I'm not really worried about anyone "running roughshod" over me. But thanks for your concern.
I'm totally unconcerned with who you let do what to you - I assure you.
But I am interested in your take because While it is idyllic, of course, there are times as a business owner where you need to be a dick or an asshole or whatever because - in life and in business, sometimes, as per my experience, it is warranted. No matter how well you think you hire.
Absolutely, it's not my point that you can't have standards and hold people to them. Like I said, I've plenty of experience doing that. But unlike the other posters here, that's a two way street for me an not only am I OK with my employees calling me on things but I would be unhappy with them if they didn't. That's a very different environment from the "I'm the boss, you're dispensible and do what you're told without question or I fire you" attitude seen in the posts above.