Citadel billionaire Ken Griffin defends Melvin stake against 'an insane conspiracy theory'

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In retrospect, was Citadel's $2 billion investment in Melvin Capital amid the GameStop mania a mistake? “No, I think Gabe Plotkin is one of the finest investors of his generation,” Citadel CEO Ken Griffin tells andrewrsorkin.

was a mistake because it created questions about Griffin's motivations in propping up Plotkin amid his battle with retail Reddit traders who were pumping up the price of GameStop.

Besides running hedge fund Citadel, Griffin is the founder of Citadel Securities, a market maker that handles about 40% of U.S. retail stock order flow, including from brokerages like free-trading app Robinhood.

 

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andrewrsorkin Watching Griffin and Plotkin answering questions from senators, you can tell this guys knows business like to cold blood assassins' knows how to kill ( in a good way comparison). Vlad is a 1st grade class compared with this two. Plotkin was raised by Wall Street king lions.

andrewrsorkin Finest investor? Luckin Coffee? GME ? Come on!!

andrewrsorkin But you actually did these things.

andrewrsorkin As usual I tend to see a gap in mindset between the hosts and their guests

andrewrsorkin It does appear to have a conflict off interest. Can we stop pretending it isn’t? Stop acting like retail investors aren’t educated? Wall St is scared that the world find out they aren’t geniuses after all and it’s not as hard as they want you think.

andrewrsorkin Haha! Andrew’s pause speaks volumes!

andrewrsorkin lmao

andrewrsorkin Big mistake

andrewrsorkin Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. Luckysam31 thank you for your proper management🙏🏻🙏🏻 .

andrewrsorkin And SEC allows such conflicts of interest is why he’s got such a great business. That’s why people hate suits, hate the players and the rigged game!

andrewrsorkin Does that money even exist?

andrewrsorkin oh the silence, THE SILENCE!

andrewrsorkin More media bullshit

andrewrsorkin I think that title now belongs to TheRoaringKitty

andrewrsorkin Pls change the coverage from this old senile guy who keeps repeating the same bs.

andrewrsorkin Lol

andrewrsorkin Yeah he’s brilliant

andrewrsorkin Oh my

andrewrsorkin Somone who has taken a huge L complimenting some who has taken an even bigger L...

andrewrsorkin They wouldn’t know because there’s no other Millennial with a Fund.

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