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No. His resume shows he's smart enough to understand how market-making and trading works, he just bought into his own mythos and thought he could out-trade the
by RC_ITR 4y ago
No. His resume shows he's smart enough to understand how market-making and trading works, he just bought into his own mythos and thought he could out-trade the world.
If he was actually as skilled as he thought, his strategy could have made him unimaginably wealthy, but he wasn't.
I'd compare it to a magician throwing swords at an assistant on stage. You better be sure that you know what you're doing before you do it.
- wyldfire 4y agoSo that bonkers "magic box" interview he gave - was he deliberately planning a naivety defense while executing theft of the deposits?
- MrMan 4y agono he was bragging - a lot of the "trading" alameda did was participating and orchestrating "boxes" like what he so smugly described in the interview, which was horrifying to listen to.