3 ms·

That’s an amazing article. It sounds like the he’s never heard of the kelly criterion, just makes massive bet after massive bet and then blows up. He does have

by idoh 4y ago

That’s an amazing article. It sounds like the he’s never heard of the kelly criterion, just makes massive bet after massive bet and then blows up. He does have ~1 billion more than me even after this mess, so maybe it all worked out.

gumby 4y ago
Perhaps not -- reportedly he has $650MM in debt and just filed for bankruptcy today.
- idoh 4y ago
  Fascinating. Dude needed to crack open a Taleb book.
- danrocks 4y ago
  Given his business moves I wouldn't be surprised is all his personal debt is also collateralized by FTT. As wise Walter Sobchak would say: "Mark it zero!"