I was wondering why SBF seemingly behaved like an innocent man. Giving interviews, talking to podcasters, remaining at his residence.

Why didn’t he make a run for it?

If he did take all those billions as was claimed, why didn’t he move to a country that doesn’t extradite or just move off the grid for a couple years?

Was he burnt out? complacent? drugs?

Or did he never have that money in the first place?

  • TranscendentalEmpire@lemm.ee
    11·
    1 year ago

    That’s not true at all… Connections go a lot further in wall street than intellect. Even if you’re an extremely talented trader, unless you’re taking a lot of risk, you’re still going to be doing just slightly better than average. The most important aspect of trading is convincing people to join your portfolio, so people with affluent families have a huge advantage.

      • TranscendentalEmpire@lemm.ee
        3·
        1 year ago

        I’m sure that’s the imagery that Jane Street’s marketing firm has spent a lot of money developing.

        We don’t really know what he did at Jane Street, it’s not like the company is going to go into detail about hiring the biggest fraudster in modern history. What we do know comes from what SBF or his lackeys told michael lewis, who is also a known liar…

          • TranscendentalEmpire@lemm.ee
            2·
            1 year ago

            I’m not sure you know who Jane Street is.

            I understand they do quantitative trading, which is mostly just a new marketing term for something people have been doing for ages.

            they do not have clients. Jane Street invests on their own behalf,

            No… They are a liquidity provider, they still have clients.

            As far as what you said about connections and convincing people to join your portfolio, that’s not relevant as JS traders do not have investment clients

            Liquidity providers rely on clientele and reputation just as much as any other trading company.