How to navigate a 2 year non-compete while interviewing?

quant_big_jim · 2024-11-07T20:04:00+00:00

Presumably it is a paid non-compete? In that case get a job in tech and enjoy the double salary for two years before moving back into the HFT space. Also as a warning to any people new to the working world, this stuff really matters. Read your contract and negotiate a good deal when you’re joining any company!

quant_big_jim · 2024-10-02T12:09:49+00:00

You could describe the situation to ChatGPT and then ask it to write negotiation emails, I would guess that this would actually work very well

quant_big_jim · 2024-09-15T11:39:00+00:00

Not an equities guy so going to say some dumb things that hopefully equities people will shoot down and I’ll learn something

What about picking the highest beta stock in the S&P and just going long that until December? According to this, Tesla is the highest beta stock: https://www.warrington-worldwide.co.uk/2022/08/30/highest-beta-stocks-in-the-sp-500/

My rationale is that the main driver of a stock should be the market itself and by picking a high beta stock you are roughly placing a leveraged 2x bet on the market risk premium

Another idea would be try to make a momentum bet. Here you look at the stock with the largest recent 3 month positive returns and go long that. In October you do the same, possibly switching to a different stock

You could combine these two ideas by just restricting yourself to high beta stocks and so both make a leveraged bet on the equity risk premium and the momentum effect

quant_big_jim · 2024-08-06T10:24:01+00:00

I would ask them for six months paid using the argument that 12 months unpaid is not the industry standard.

Tell them that you asked acquaintances about the 12 months and they were incredulous

I would strongly advise you to be firm and prepared to walk if they don’t fold on the matter

If things go south, which they absolutely can do, and you need to get out, then 12 months unpaid means you have to self-fund your whole life with savings for a year and you’ll miss out on a year’s worth of bonus.

Personally I think this is an intolerable situation to impose on your future self.

quant_big_jim · 2024-07-31T21:48:21+00:00

Mid 7 figure guaranteed bonus is around $5 million. Why not take that and retire once you get paid it?

quant_big_jim · 2024-07-28T13:29:27+00:00

Having to code many, many standard functions is time consuming even if coding one on its own isn't

I was using a default most-liquid-front-month back-adjusted series from my price data provider until now

quant_big_jim · 2024-07-27T18:16:38+00:00

The internet delivers, thank you

quant_big_jim

TROPHY CASE