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I think it’s a lot harder than it looks for an employee to do it. the catch all is that these firms monitor and restrict the employees trading. So the employee either has to quit or run the copy strategy through a friend’s account. This is after they have to get access to your trades and...

yeah, IB does care. It is a breach of their fiduciary obligations to their customers. They could be sued or lose their licenses as a broker dealer. further it’s a breach of trust and confidence which can hurt their reputation. In the end IB is some network connections and their reputation.

only 39%. A lot of those women might be in towns where it's common to "vote as a family"

In practice it’s hard to prove. like poaching former colleagues. you have a conversation just before you leave. And then like 10 days later a headhunter calls that colleague with an amazing opportunity.

riskarb desk at Goldman?

Code is property. Learnings are not.

You consulted with Jane street right?

Franklin is ex-farmland that then became a mall and recently became where the nuevo rich in Nashville moved to for land. No homicides there.

My understanding of these cases is that if the traders stole code that would be a violation of non disclosures. however if the traders used ideas they learned or developed that would not be enforceable in an NDA

I think this is an embellishment to highlight that it’s unlikely another options person would have figured it out.

how do you determine #1 if you don’t look at history? how do you determine #2 without looking at how things have worked out historically? at least informally.

it reminds me of the Jack ruby and Lee Harvey Oswald photo.

I think they know the guys who could clamp down on it. One of the founders wrote the rules and the loopholes

I feel like someone is about to get shot.

It’s worth less than a dollar.

If they didn’t, they would be SVB.

I would agree, but I can understand his rationale for it even if I couldn’t stomach it myself.

the absolute best traders in the world have three traits: 1. They are great at finding an edge. 2. They are great at operationalizing that edge. 3. they have balls the size of planets in putting on risk to exploit that edge. Given that every trade has risk, they will lose big every once in a...

but that’s the reason you, nor I, haven’t made the returns he has. if he was scared with a 40percent drawdown he wouldn’t have made the 500percent annual returns he has. live by the sword. Die by the sword.