(((tedfrank)))

@tedfrank ↗

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Last Checked Nov. 19, 2022

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Fri Nov 11 13:45:36 +0000 2022

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(((tedfrank))) @tedfrank

@DanielDFisher Much larger banks have made similar mistakes in judging correlated risk of their portfolio, though it feels like this one was much more obvious. — PolitiTweet.org

Posted Nov. 11, 2022

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(((tedfrank))) @tedfrank

@DanielDFisher Eh? SBF did make billions in arbitrage. Just because he lost billions because he later on foolishly leveraged with assets that risked negative feedback loops in a run (see Matt Levine on this) doesn’t change original cleverness. Nothing in first step requires the fatal flaw. — PolitiTweet.org

Posted Nov. 11, 2022

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(((tedfrank))) @tedfrank

@DanielDFisher But it absolutely did when he made his original fortune. Bitcoin sold for different prices in different markets. — PolitiTweet.org

Posted Nov. 11, 2022