Sunk-cost fallacy and Citadel Securities
Posting this comment by a certain well endowed ape for context.
Citadel investors are looking at making a tough decision. Ken Griffin is, once again, trying to raise money to survive another day.
By my count, this makes $3.3 billion dollars that ken has tried to raise openly, while at the same time restricting withdrawals.
At some point, Citadel's clients are going to have to decide if Ken is a bad bet and if they are throwing good money after bad. This is the Sunk-cost fallacy dilemma.
Much like the first shorts to close their positions may survive, the first citadel clients to start withdrawing instead of depositing might make it out with their shirts.
This is going to make a lot of very rich, very powerful people very nervous and angry. I can see why Ken is doing an aging speed run. Especially if the rumours that some of his clientele are 'connected' (to euphemize them being organized crime)
I enjoy the idea of Ken sweating, begging, and working the rich person's equivalent of the Wendy's dumpster.
I also enjoy his client's impending realization that, after all this time, not only are we not leaving - we are becoming even more inevitable. And that their money is not save with Citadel.
Schadenfreude, motherfuckers!
Posting this comment by a certain well endowed ape for context.
Citadel investors are looking at making a tough decision. Ken Griffin is, once again, trying to raise money to survive another day.
By my count, this makes $3.3 billion dollars that ken has tried to raise openly, while at the same time restricting withdrawals.
At some point, Citadel's clients are going to have to decide if Ken is a bad bet and if they are throwing good money after bad. This is the Sunk-cost fallacy dilemma.
Much like the first shorts to close their positions may survive, the first citadel clients to start withdrawing instead of depositing might make it out with their shirts.
This is going to make a lot of very rich, very powerful people very nervous and angry. I can see why Ken is doing an aging speed run. Especially if the rumours that some of his clientele are 'connected' (to euphemize them being organized crime)
I enjoy the idea of Ken sweating, begging, and working the rich person's equivalent of the Wendy's dumpster.
I also enjoy his client's impending realization that, after all this time, not only are we not leaving - we are becoming even more inevitable. And that their money is not save with Citadel.
Schadenfreude, motherfuckers!