Yeah but RT has been going great for a lifetime, publicly to start with, then pr... | Hacker News

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lordnacho on Feb 12, 2023 | parent | context | favorite | on: A Jim Simons market mystery, solved?

Yeah but RT has been going great for a lifetime, publicly to start with, then privately. You wouldn't take a thing off the market if it was a scam.

FTX was legit making money, they just also blew even more of it. Somehow.

blitzar on Feb 12, 2023 | [–]

Alameda was legit making money; their strategy was to be long everything with leverage - all the time. Mathematical geniuses in a raising market, lost 100bn in a declining market.

bluepizza on Feb 12, 2023 | [–]

> You wouldn't take a thing off the market if it was a scam.

Turning crime profits into legitimate businesses is classic mafia behavior.

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