Exactly, he made tons of bets. A crappy hit rate still would have yielded some serious results.
OT: Stock and Investment Thread
- Thread starter RU05
- Start date
Def a staggering $$$ number that would haunt me forever if I was SBF. But If you gave any of us a few billion of other people’s money and we had access to the right tech leaders = Anthropic, HOOD, etc. are nuts even a blind squirrel would find.
On a different note, where is the next rotation now that industrial and staples are crowded. Hard to believe the housing still stuck in the mud although I see the ITB up 8% last couple of days.
I believe some people make a killing buying up FTX bankruptcy debt/assets (not sure of the right word). They got shares/ownership of all those companies at pennies on the dollar.
In theory, everyone who had money with them was made whole. They missed out on lost gains, but not when valued in dollars
Crypto companies- we want to be able to offer better yields to our customers
Banks- we don’t want that, we want to keep that for ourselves
Our elected officials- the banks have a point
Banks- we don’t want that, we want to keep that for ourselves
Our elected officials- the banks have a point