Oh, no: SBF -- the movie

murray t turtle said:
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Sorry so many missed the early education [ metaphor].
The Pied Piper of Hamelin.
Looks like the Ontario Teacher's Pension Plan [OTPP] never read that metaphor.
But strangely+ , OTPP first invested $75 million , but careful to keep second investment smaller ,$20 million:caution: [$242 billion AUM]
Many in the financial press seemed to be impressed by the volume following the Piper??
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Lots of buzz in the media about OTPP specifically. Their loss works out to less than 0.04% of AUM, of a fund with a long term performance record that I would bet money is superior to that of most of their detractors.
 
Q.E.D. said:
What has not been acknowledge, is it seems SBF is a crook, as well as incompetent in business -- despite his math / physics degrees from MIT, or his parents each as law professors at Stanford.

And likely it will soon be realized, he may never have been worth a billion -- and certainly not the 30 billion mentioned in many articles. Cooking the books can generate all kinds of numbers.

It would seem that the book, & possible movie, will be too early to find SBF in jail.

https://www.marketwatch.com/story/t...collapse-report-11668457317?mod=mw_latestnews
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His biggest biggest biggest mistake was that he
failed to close his position and took a massive profit.
After that, he could have gone to India to 'die'.
Then he could have done massive surgery to his face and body
so no one could recognize him.


He was simply too greedy wanting to earn a trillion dollars.
 
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Binance is also in the same line of businesses like FTX (running an exchange, and issuing its own crypto coins). Once Binance can't find enough stupid people to join in their ponzi scheme. it's going to collapse like FTX did.
the guy, who runs the Binance, used the money that he generates from the crypto businesses to buy the legitimate businesses like Forbes and Twitter.
 
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