Aug 7 at 04:36 AM
History always repeats itself in astonishing ways.
I went through all those genius traders who have been mythologized.
In 2006, Brian Hunter, 32 years old, with a Master's degree in Mathematics, ranked 29th globally in *The Trader Magazine*.
In the first four months, he made $2 billion for the firm.
By September, when his gains reached $3 billion, half a month later, he lost $6.6 billion, and the fund collapsed.
In 2021, Bill Hwang, a disciple of Tiger Global Management, achieved an annualized return of over 40%, earning the nickname "God's Hand."
Within a year, his personal wealth surged from $1.5 billion to $36 billion.
With 5x leverage. Two days later, it hit zero.
In 2022, SBF, 30 years old, graduated from MIT, with a net worth of $26 billion. The media called him "the next Warren Buffett."
Only two months after FTX launched, he had engineers write a line of code that allowed his fund to withdraw unlimited funds from client accounts.
But that AI company he invested in, if held until today, would be worth $80 billion.
Meanwhile, the FTX he risked everything to save had a peak valuation of only $32 billion. He ended up in prison.
In 2026, Leopold, 19 years old, graduated first from Columbia University and left OpenAI to start his own business.
The fund grew from $225 million to $45 billion, increasing 200 times in eighteen months, with a first-half return of 439%. Four times leverage.
Then three investment banks simultaneously issued margin calls, and the ledger was sold off to Citadel in the morning.
SBF's defense in court was: I didn't do it on purpose; risk control wasn't done well, and market volatility was too high.
Do you think you are that exception? $NASDAQ Composite Index(.IXIC.US)
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
