> * Unparalleled info and insights about the crypto markets.
Since both his hedge fund and exchange lost billions, I doubt it.
Except for going long in a bull market, was he ever successful in anything?
> * A team of geniuses who were absolutes alphas from quantitative trading, won math olympiads and were constantly on drugs to enhance their cognition 1,000% (Ok, this one's sarcasm)
Again, they've lost massive amounts of money trading.
If your strategy makes a lot of money for years, but then loses more than anything you've ever earned, it's a crappy strategy.
> If your strategy makes a lot of money for years, but then loses more than anything you've ever earned, it's a crappy strategy.
Depends who's money you're playing with. If you profit on the way up and only your customers lose on the way down. Then high-risk strategies are (unfortunately) always better.
My trading strategy has never made me billions nor lost billions. Yet I kinda feel like there's a solid possibility many of these fools will end up waaay better off than me. Assuming they can stay out of jail.
Some of these fools stash the wealth on the side for when they get out of jail. During their sentence they take classes, meditate and self actualize or possibly write a book about some life lesson they just learned in prison. White collar crime is quite lenient in punishments, jail may even be a good experience for some
Since both his hedge fund and exchange lost billions, I doubt it.
Except for going long in a bull market, was he ever successful in anything?
> * A team of geniuses who were absolutes alphas from quantitative trading, won math olympiads and were constantly on drugs to enhance their cognition 1,000% (Ok, this one's sarcasm)
Again, they've lost massive amounts of money trading.
If your strategy makes a lot of money for years, but then loses more than anything you've ever earned, it's a crappy strategy.