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This is of key interest because there is an arbitrage here. Private equity firms push the deal expenses to the investors. Essentially, if we can figure out a way to “outsource” some of their decision making into an expensable record, they would jump all over it.
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Trader

Interviewed at J.P. Morgan

3.9★
Nov 30, 2020

This is of key interest because there is an arbitrage here. Private equity firms push the deal expenses to the investors. Essentially, if we can figure out a way to “outsource” some of their decision making into an expensable record, they would jump all over it.

a) The odds of having pizza on a Saturday are 60%, on Sunday, 30%. What are the odds of having pizza at least once during the weekend? b) How do the odds change if you are only allowed pizza on one of the two days? c) What about if you can only have pizza on Sunday if you had it on Saturday first?
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Quantitative Trader

Interviewed at Jane Street

4.4★
Jun 18, 2018

a) The odds of having pizza on a Saturday are 60%, on Sunday, 30%. What are the odds of having pizza at least once during the weekend? b) How do the odds change if you are only allowed pizza on one of the two days? c) What about if you can only have pizza on Sunday if you had it on Saturday first?

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