4 ms·

SBF was an entry level employee at Jane street

• chollida1 3y ago
  That's provable false if you read Michael Lewis' book. He was in charge of some major projects, including the election trade that turned out to be Jane Street's single largest loss to date. That seems to blow away the claim that he was a entry level employee. No fund puts "an entry level employee" in charge of betting billions of dollars that lead to a $300M loss.
  • rashkov 3y ago
    Interesting, thanks for the correction
  • mhh__ 3y ago
    I wasn't aware Jane Street did that kind of discretionary trading.
  • upon_drumhead 3y ago
    He interned for one year and then, post-graduation, worked there three years[1]. I really have a hard time believing that he developed a mature career in such a short time. I haven’t read the book, but where did Michael Lewis get the information that SBF was in charge of all these major projects? From the known fraudster building his fraud? Or from Jane Street? [1] https://finance.yahoo.com/news/ftx-ceo-sam-bankman-fried-profile-085444366.html https://finance.yahoo.com/news/ftx-ceo-sam-bankman-fried-pro...