Ken Griffin’s Secret War on ‘Dumb Money’
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Ken Griffin’s Secret War on ‘Dumb Money’
Throughout this time, Ivar appeared entirely without concern. Although he sensed the increasing panic, along with everyone else, he didn’t want anyone in New York to see him falter, particularly given the market’s decline. He knew markets reflected emotions and perception. In finance, there was no such thing as reality. There was only, as Pierpont
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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)
Up to this point, the story of the big short could not be simpler. What’s strange and complicated about it, however, is that pretty much all the important people on both sides of the gamble left the table rich.
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His plan, in other words, was to buy high and sell low. It sounded like a great way to lose money, or possibly a Ponzi scheme.
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When the market started falling, he accumulated more Russian bonds, at an average of around $52. That was Carlos’ trait, average down. The problems, he deemed, had nothing to do with Russia, and it was not some New Jersey fund run by some mad scientist that was going to decide the fate of Russia. “Read my lips: It’s a li-qui-dation!” he yelled at t
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