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The Rise & Fall of a Billionaire Technology Hedge Fund Guru

• byrneseyeview 17y ago
  I don't know how you can go from a single case to "That is all poppycock." Hedge funds are thirsty for information; it's not unprecedented for him to have been a legitimate operator who fooled himself into thinking he could get away with one big illegal trade. This guy's net worth was five times that of Boesky -- could he have gotten away with five times the chicanery, especially after enforcement was stepped up thanks to Boesky et al.?
  • deleted 17y ago
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• richcollins 17y ago
  I'd wager most hedge funds are heavily into inside trading. The best strategy will always be exploited.
• ca98am79 17y ago
  I just can't believe how foolish he was. He is a billionaire - he does not need to put on any inside trades at all. The risk to reward on that trade made it an incredibly bad trade to take. Boggles my mind.