Brett Harrison: belief

Transcript context

…I want to ask about the culture at these sorts of places like Acidadelle or Jane Street. I mean, you spend some time in Silicon Valley and around like, traditional sort of like, startup scene as well. What is the main difference between Silicon Valley tech culture versus New York culture? Sure, yes, I have a ton of personal experience in the Silicon Valley culture or like the tech culture, since I've only really worked at kind of finances my finance places my whole life. But the sense I get is that the kind of New York Chicago quant, finance dev culture is one about extreme Pragmatism. You know what the outcome is. It's to be the most profitable of the strategy. And you kind of try to draw a straight line between what you're doing and that profitability as fast as you can compare it to. I think the Silicon Valley culture is much more about creativity and doing things that are new that no one else has done before. A healthy amount of cross pollination would be good for both where I think a lot of trading firms are doing the exact same thing that all the other trading firms have done and some healthy injection of creativity into. Some of that stuff to maybe think slightly outside the box of, like, as you said earlier, get slightly faster to go to Nasdaq or something. Which is like, okay, might be fine, but it's, like, not that creative. Would be good for those plot terms. At the same time, the sheer approach to Pragmatically getting something done out there and sold and making money would help a lot of Silicon Valley firms that kind of like hang out in this sort of creative land for too long and don't end up getting a product to market. Yeah, I know. Definitely. It seems like there should be one founder from both those cultures, every single startup. It's similar to what you were saying earlier with SBF and Visionaries versus Pragmatist in that context. How conspicuous I mean, you were just mentioning earlier that these traders are making mid six figure salaries to begin with, let alone where they arise over the careers. How conspicuous is their spending and lifestyle? Is it close to Wolf of Wall Street? Is it just walmart T shirts? Where are we talking?…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.