Sublime

About the same time that he was trying to decide whether to sink more money into Twitter, Sam was handing $450 million to a former Jane Street trader named Lily Zhang, to create a second crypto quant trading fund based in the Bahamas, called Modulo Capital. So far as Ramnik could see, Sam had told no one about that until he’d done it.

Almost everyone on Wall Street took his money seriously, regardless of its origins,

sales works best when hidden.

The Wall Street trader ran this stack on me perfectly: I was intrigued, I was trying to impress him so I could have a chance to buy the deal, he boxed me into a very tight time frame and yet I felt no pressure, and I was trying hard to prove that I had a good moral values. I was a puppet.

We used to have a thing that any time Goldman recommended a stock, I would sell it, and every time they recommended a sell, I would buy it. I knew if they put out a sell, they wanted it to go down so they could buy it, and I knew if they recommended a buy, it was going to go down because they wanted to sell. And it practically always worked. And pe

Be a Producer: Leverage the Business of a System

Illiquid, paper-millionaires can’t buy Ferraris and palatial estates; money does. And to get the money, you must increase profit and save it or go for the big exit: liquidation. Fastlaners accelerate wealth by building cash-flowing assets that can be sold in the marketplace to realize gains. Their wealth equation has controllable, unlimited leverag

once walked in at 6 am to find that a Russian client was on a margin call for $10m. I quickly calculated that it would take me 133 years on my current salary to make $10m. By 7 am he had wired the funds over. This was a private trader. I was in awe. Inspired.

called Whitney again to ask her, as I was asking others, if she knew anyone who had anticipated the subprime mortgage cataclysm, thus setting himself up in advance to make a fortune from it. Who else had noticed, before the casino caught on, that the roulette wheel had become predictable? Who else inside the black box of modern finance had grasped