“A bright young Ken Griffin in 2020 could get @RobinhoodApp but would soon realize that he’s going up against the real Ken Griffin who is still going strong as founder and CEO of Citadel. Not only that, but the real Ken Griffin is also buying up Robinhood’s trade flow.”
“Pushed out of the real stock market with its high barriers to entry, little wonder the young Ken Griffins of 2020 would sooner start crypto funds than real hedge funds. At least in the crypto markets they could more credibly have an edge and all the costs would be lower.” @CNBC
“But that’s not good. Having well-priced Dogecoins has a lot less societal value than having well-priced Tesla stock. The magic of markets is in the consequence of all the trading activity: in getting capital to the right companies.” @chamath @howardlindzon @wallstreetbets
“If all the young Ken Griffins of our generation become Dogecoin degenerates, the consequence is merely more Dogecoin memes.” @elonmusk @richardcraib
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