Acting University President Claire Shipman, CC ’86, SIPA ’94, described Columbia’s Wednesday agreement with President Donald Trump’s administration to pay $220 million to restore funding as “in line with our values” in her first interview with Spectator. l8r.it/agLK

We've lost an absolute giant today. RIP Dimitri Bertsekas. His probability and optimization books got me through my masters. Massive loss for the MIT community and the field.

Having cut a horrible deal with Trump giving him oversight of the university, @Columbia may be the worst campus in the United States for free speech, especially about Israel. It is threatening to discipline a student for distributing this legitimate flyer. trib.al/quwTJcC

What do the smartest kids in the world do when they grow up? I did the largest study of ~18,000 International Olympiad medalists (IMO, IOI and IPhO) over the last 25yrs, arguably the sharpest analytical minds of the world in high school, to see where they ended up and traced ~50% of them. Founders of ~20 unicorns and ~7 decacorns and ~10 billionaires: OpenAI, Cursor, Stripe, Databricks, Perplexity, Ethereum, Cognition, Hyperliquid, Fireworks, Modal, Quora, Parallel, Cartesia, Wispr Most kids went to MIT, a whopping 12% of them, followed by Cambridge (7%) and Sharif (3%)! The career paths they chose (of those who graduated) were: — 36% Academia (professors) — 26% Other — 22% in Software / Tech — 12% in Quant / Finance — 5% Founders! The biggest employer was Google, by far, at 6%. Others interesting tidbits were: — 47 of them work at Jane Street (#3) — 38 at OpenAI (#5) — 15 at Anthropic — 8 at Cognition — 6 at Isomorphic Labs Olympiaders were 1500x more likely to be billionaires and 4000x more likely to be unicorn founders than the average person!

unbelievable to have to spell it out, but: - a "fresh quote" is an oxymoron - eth shipped slippage protection a decade ago - "pamms" aren't amms, they're trading strats - traders tightening/widening spreads for any reason is legitimate, rational behavior - markets punish altruism

BREAKING: In a major victory for pro-Palestine student protesters at Columbia University, a judge in New York on Friday dismissed the university's findings of several disciplinary violations against 22 students who had been arrested over the occupation of Hamilton Hall in April 2024. The protesters had occupied the Columbia building and renamed it Hind's Hall, in honor of Hind Rajab, a Palestinian child who had been killed by Israel earlier that year. New York Supreme Court judge Gerald Lebovits noted that Columbia's internal panel's determinations that the student protesters committed most of the charged disciplinary violations are "arbitrary and capricious". "...the evidence before the panel still did not show by a preponderance that petitioners committed disciplinary violations other than being in Hamilton Hall during the 22 hours that it was occupied," the judge noted. Here's the operative part of the court order below.