An interesting look back at Ken Griffin. Of course, everyone know Griffin’s fund was hit hard last year.
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Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
“The exodus began right after traders began collecting de-ferred compensation in October 2002 from the firm’s most-profitable years: 1999, when the Citadel Wellington fund returned 45.2 percent, and 2000, ”
—“Deferred compensation.” In other words, they had to stick around long enough to make sure they weren’t gaming the system with short-term gains at the expense of long-term losses.
—“It is what it is” but still don’t “get it” why some of these other idiot firms are getting bailed out by taxpayers when the “solution” was there all along…
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