When Enron filed for bankruptcy
- Ken Griffin chartered a Gulf-stream jet and put 16 people from Citadel on it to go interview people at Enron
- He then hired Enron’s entire research team , while UBS bought the business
- Citadel then made $30bil in commodities while UBS has shut down the business
1/20: Jamie Dimon. Love him or hate him it’s difficult to deny that he’s one of the most talented Bankers of our era. In his recent shareholder letter he points out what he perceives as an unfair playing field between Banks and Fintechs. A quick response to Jamie:
@ChrisPavese Agree that IRR is quirky, but I don’t think your calc considers distributions. An initial amount doesn’t compound continuously for 40+ years
Today, I joined @HealthAllegheny Dr. Bogen in calling for non-essential businesses in @Allegheny_Co to close or implement alternative work strategies for 14 days to limit the spread of the virus: https://t.co/IgHW7K8XwI
The full release can be found at: https://t.co/DhS0gzfU1t.