Re:Elizabeth Holmes is sentenced to more than 11 years for f...
by moralestapia on Friday November 18, 2022 @08:04PM
(#33665449)
>ok, this one's sarcasm
Re:Elizabeth Holmes is sentenced to more than 11 years for f...
by oldgradstudent on Friday November 18, 2022 @08:22PM
(#33665624)
Hmm, I thought only the part about the drugs was sarcasm.
Re:Elizabeth Holmes is sentenced to more than 11 years for f...
by JamesianP on Friday November 18, 2022 @08:52PM
(#33665869)
> If your strategy makes a lot of money for years, but then loses more than anything you've ever earned, it's a crappy strategy.
Depends who's money you're playing with. If you profit on the way up and only your customers lose on the way down. Then high-risk strategies are (unfortunately) always better.
My trading strategy has never made me billions nor lost billions. Yet I kinda feel like there's a solid possibility many of these fools will end up waaay better off than me. Assuming they can stay out of jail.
Re:Elizabeth Holmes is sentenced to more than 11 years for f...
by tartoran on Friday November 18, 2022 @09:51PM
(#33666305)
Some of these fools stash the wealth on the side for when they get out of jail. During their sentence they take classes, meditate and self actualize or possibly write a book about some life lesson they just learned in prison. White collar crime is quite lenient in punishments, jail may even be a good experience for some
Since both his hedge fund and exchange lost billions, I doubt it.
Except for going long in a bull market, was he ever successful in anything?
> * A team of geniuses who were absolutes alphas from quantitative trading, won math olympiads and were constantly on drugs to enhance their cognition 1,000% (Ok, this one's sarcasm)
Again, they've lost massive amounts of money trading.
If your strategy makes a lot of money for years, but then loses more than anything you've ever earned, it's a crappy strategy.