This is Clemens' talk
[00:11.13] You are not a novice to the talk
[00:15.64] Grab some tea, you say
[00:18.18] Cause you don't want frowning brows
[00:22.18] You've learned to be relaxed in all your talks
[00:26.68] Start right away, they say
[00:29.43] We will listen carefully as you hope
[00:32.93] But you won't let them break you down to dust
[00:36.43] I know that there's a place for you
[00:39.67] For you are glorious
[00:45.93] When the sharpest questions cut you down
[00:50.93] You’re gonna send a flood, gonna drown them out
[00:55.43] You are brave, You are bruised
[00:57.93] You are who you meant to be, Clemens
[01:01.93] The first talk in your PhD
[01:05.93] You found the downside risk of Cryptocurrencies
[01:11.18] We cannot explain the ret
[01:12.93] We make no apologies, this is you
[01:16.43] Oh-oh-oh-oh Survivorship bias
[01:21.24] Oh-oh-oh-oh Time series too short
[01:26.74] Oh-oh-oh, oh-oh-oh, oh-oh-oh, oh, oh
[01:30.99] Another round of bullets hits your skin
[01:35.24] Well, fire away because today, you won't let the doubt sink in
[01:40.74] You are bursting through the barricades
[01:43.74] And reach the top journals
[01:45.74] You are warriors
[01:47.99] Yeah that’s what you’ll become
[01:51.49] You won't let them break you down to dust
[01:53.99] I know that there's a floor for you
[01:57.76] For you are glorious
[02:00.99] When the identification let you down
[02:05.99] You’re gonna go to your basement, take a beer out
[02:10.24] You are drunk, you are inspired
[02:13.24] You got inspiration, Clemens.
[02:16.99] Look out because here you come
[02:20.74] How does public firms invest in start-ups?
[02:25.74] Corporate and Angels
[02:28.24] You got inspiration, Clemens
[02:32.49] Oh-oh-oh-oh Instrument variables
[02:36.24] Oh-oh-oh-oh Two-Stage Least Squares
[02:41.49] Oh-oh-oh, oh-oh-oh, oh-oh-oh, oh, oh
[02:45.25] This is you
[02:48.49] And I know that you deserve our love
[02:53.74] There's nothing you’re not worthy of
[03:01.49] When the sharpest words wanna cut me down
[03:05.74] You’re gonna send a flood, gonna drown them out
[03:10.99] This is warm, this is kind
[03:13.24] This is who you’re meant to be, Clemens
[03:17.74] Look out 'cause here you start
[03:22.49] And you’re measuring creative destruction
[03:26.74] Cosine similarity
[03:29.24] and event study, this is you
[03:32.74] Oh-oh-oh-oh
[03:39.74] There's nothing you’re not worthy of
[03:44.24] Oh
[03:46.74] This is you
