Comment on Why didn't SBF flee?

• TranscendentalEmpire@lemm.ee ⁨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.

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  • squiblet@kbin.social ⁨1⁩ ⁨year⁩ ago

    Being a programmer for JS who does trading is very different than being a regular trader.

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    • TranscendentalEmpire@lemm.ee ⁨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…

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• driving_crooner@lemmy.eco.br ⁨1⁩ ⁨year⁩ ago

  Was he an employee of Jane Street?

  The only thing I know about them is that they sponsor one or two of my fav math youtubers.

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  • squiblet@kbin.social ⁨1⁩ ⁨year⁩ ago

    Yes, he interned there and then worked for them for a few years after graduating from MIT. If you’re not familiar, they’re a financial trading firm known for heavy use of esoteric functional languages such as OCaml and being difficult with job interviews.

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