We have our Madoff 2.0

The similarities between Bernie Madoff and Ken Griffin
Jan 8, 2023
Copy Share Link
image

We have our Madoff 2.0:

‍

We have our Madoff 2.0 and he’s running the largest market-making business on Wall Street.

‍

Just finished ‘Madoff: the Monster on Wall Street’, Netflix’s new documentary about Bernie Madoff.

‍

It ended like this, ‘there will be another Bernie Madoff in the future, mark my words.’

‍

Chilling words and think we know who the next one is going to be.

‍

The head of Citadel, one of the largest donors to the Republican party and one of the richest, most powerful men on Wall Street.

‍

The similarities between him and Madoff are staggering.

‍

Bernie Madoff was a market maker and ran an investment advisory business on the side.

‍

Citadel is the largest market maker on Wall Street and has one of the largest hedge funds in the world.

‍

Bernie used to take his employees to the Hamptons and pay for all their expenses.

‍

Citadel just moved their operation down to Florida, they paid for all their employees to go to Disneyland and bought up a bunch of Florida real estate.

‍

Bernie was the darling of Wall Street and was well guarded by the investment banks and regulators.

‍

Citadel’s largest customers are the Wall Street banks who they pay billions to front-run retail trades.

‍

Bernie never seemed to lose money, even in down markets and had returns that outpaced everyone else.

‍

The Financial Times just published an op-ed talking about how a certain CEO made billions of dollars in revenue and had a crazy up year when the market tanked in 2022.

‍

How is someone making 30-40% returns in a year when everything tanked? Does that not seem weird to you?

‍

Is Citadel really that good or is something else going on behind the scenes?

‍

Right now their CEO is looking like he’s having his moment in the sun, but as we’ve learned from Icarus, if you fly close to the sun, everything can come crashing down.


Just wait till the next crisis comes, Gamestop shoots to the moon, people lose everything at the hands of Wall Street and Citadel is found to be at the centre of it all.

‍

Maybe then the world will wake up to Madoff 2.0

‍

'Keep Going You're Doing Great'

Related Posts

Personal Writings

Stop taking everything so seriously

Laughing at yourself, listening to outside voices and problems with cancel culture

February 17, 2022
Personal Writings

Play Positive Sum Games

Positive-sum games, chasing status and charting your own path

February 15, 2021
Personal Writings

Call me crazy

The Internet finding out about Wall Street's infinite money game, Gamestop and revolutions in Western countries

October 21, 2022
Personal Writings

Am I Crazy Enough to start an ETF or mutual fund?

If the market crashes, could I start my own ETF or mutual fund?

May 3, 2021
Personal Writings

How Do You Think The World Works?

How we see the world, experience life through travel, and what's important

February 23, 2021
Personal Writings

Savour it

Reflecting on the good moments I had at Amplitude

February 6, 2025
-->