“When another hedge fund gets into trouble, he ... buys their assets for a fraction of what they were worth.”
KG
Ken Griffin / Citadel
Great Business Stories ·
The Pomp Podcast · How to Spot the Next Big Trade Before Wall Street | Chris Camillo
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Before allocating 10-20% of net worth to a trade, he buys Nielsen data, hedge-fund data, and scours industry-specific forums (Reddit, HVAC forums, etc.) for deep insight
invest 10-20% of net worth per trade
“When another hedge fund gets into trouble, he ... buys their assets for a fraction of what they were worth.”
“…months and years to like kind of collect the data… you can pull all the data in like a day, but getting an insight… takes time.”
“So the first people I hired were basically data scientists. So we really wanted to understand how can we actually try to find insights and patterns out of the data.”
“Our internet was really slow, so I went to the library and I just kept searching and found all these forums”
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