Ken Griffin’s Secret War on ‘Dumb Money’
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Ken Griffin’s Secret War on ‘Dumb Money’
KEN GRIFFIN Founder and CEO, Citadel; Founder, Citadel Services
David M. Rubenstein • How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Game Changers
Blackstone, the world’s biggest private investment firm, called Sam to say that he thought a valuation of $20 billion was too high—and that Blackstone would invest at a valuation of $15 billion. “Sam said, ‘If you think it is too high, I’ll let you short a billion of our stock at a valuation of twenty billion,’ ” recalled Ramnik. “The guy said, ‘We
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
From its inception, Robinhood was designed to profit by selling its customers’ trading data to the very sharks on Wall Street who have spent decades—and made billions—outmaneuvering investors. In fact, an analysis reveals that the more risk Robinhood’s customers take in their hyperactive trading accounts, the more the Silicon Valley startup profits... See more
Jeff Kauflin • Error PageSecurity Violation (403)
sari added
When they heard that Sam was about to hurl $5 billion at a total stranger, Ramnik and others inside FTX became alarmed. With a lot of help from FTX’s lawyers, Ramnik and Nishad had argued the $5 billion down to $500 million—or at least they thought that’s what Sam had agreed to.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
The young entrepreneurs built their rocketship by applying the formula Facebook made famous: Their app was free, easy to use and addictive. And Robinhood—named for the legendary medieval outlaw who took from the rich and gave to the poor—had a mission even the most woke, capitalism-weary Millennial could get behind: to “democratize finance for all.... See more
Jeff Kauflin • Error PageSecurity Violation (403)
sari added
Sam thought CZ might be the richest person in the world. And CZ, to the people who supplied Sam with capital, seemed vulnerable. When Forbes looked at Sam in the fall of 2021, they saw the richest person in the world under the age of thirty. When the VCs looked at Sam, they saw the guy…
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
By the end of that year, he was one of the most frequently mentioned analysts on Wall Street and the unlikely nemesis of Jeff Bezos and Amazon.
Brad Stone • The Everything Store: Jeff Bezos and the Age of Amazon
A $16 Billion Wall Street Lawsuit for the Ages
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Diego Segura added
this seems like it could be on the level of Caesar's Palace Coup, Unscripted, or Barbarians at the Gate as far as story goes, though i'll have to learn more about it