3 ms·
You're probably right; I was overestimating the amount of funds that are actively managed (ie, would be in a position to act on this in the first place). Had t
by cykros 4y ago
You're probably right; I was overestimating the amount of funds that are actively managed (ie, would be in a position to act on this in the first place). Had the ratio of active:passive been higher, and a bit of coordination in place, it felt like being fined a billion or two could be a mere cost of doing business, but indeed, that seems unlikely given the layout of the modern asset management industry.
That said, torching his reputation...seems to be one of his hobbies. Between the whole SEC battle, the subsequent pumping up of DOGE, the getting high on Rogan's show, having children with names that can't be pronounced, and however many more anecdotes we can come up with, arguably doing weird inexplicable things that seem otherwise self destructive or at least incomprehensible IS his reputation at this point.