Bloomberg Wealth: Citadel's Ken Griffin

Citadel founder and CEO Ken Griffin talks about why his hedge fund has been so successful, the types of people he likes to hire and common mistakes investors make. He's on "Bloomberg Wealth with David Rubenstein." This was recorded Feb. 25 in Chicago.
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Like this video? Subscribe to The David Rubenstein Show on KZbin:
/ @davidrubenstein
Watch the latest episodes of "The David Rubenstein Show: Peer-to-Peer Conversations" here:
www.bloomberg....
Learn more about David:
www.davidrubens...
Connect with us on...
Twitter: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
--------
Like this video? Subscribe to The David Rubenstein Show on KZbin:
/ @davidrubenstein
Watch the latest episodes of "The David Rubenstein Show: Peer-to-Peer Conversations" here:
www.bloomberg....
Learn more about David:
www.davidrubens...
Connect with us on...
Twitter: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness

[@nickbourgouin595]

Ken griffin hits his wife with bed posts. Short selling has infinite risk. INFINITE RISK. Enjoy kenny

[@Nyckaka]

Ken Griffin fucked, AMC & GME to the moon. Lets get the MOASS money.

[@gimei-chan]

I don't see the Reddit chimps so hot nowadays 😂

[@anthonyballog8026]

You should not be a market maker and a hedge fund because it creates a conflict of interest. DATA. He said it. Why they know what retail owns and can exploit it.

[@redroad9949]

@anthonyballog8026 The hedge fund and the market maker are separate legal entities, i.e. one is not the other. What exactly are you asking to be written into law that already is not?

[@anthonyballog8026]

@@redroad9949 it is a monoply on retail traders

[@hamiltonsanner9858]

Didn't Bernie Madoff invent payment for order flow?

[@buckfiden1776]

Yup. Did little time

[@Stoneface_]

The only great thing Madoff has done

[@drusha1]

he's great at regurgitating right answers and things you want to hear

[@jordansaah6810]

That’s the training kicking in😆

[@patrickmccarthy5617]

"You'll love this" 😂😂

[@jordansaah6810]

@@patrickmccarthy5617 LOL. Too funny!!

[@carlosvasquez488]

He's a market maker and a Hedge Fund, Can't anyone see the problem here. He can short any stock to oblivion. With All his intellect and his computers and algorithms, never he expected the retail investors diamond handed and unmasked all his tricks. Transparency my ass, he doesn't want transparency. MOASS is coming #AMC #GME #SNDL.

[@motoren8536]

Don't forget insurgency into executive staff of companies they are targeting along with BCG consulting group who's sole purpose is to drive the companies into bankruptcy.

[@Fridge_Fiend]

@@motoren8536 Don't forget BCG consulting group doesn't just force themselves into companies. The SEC and the FED have both hired this joke of a company owned by Mayo boy here. Most corrupt man alive

[@jeffislearning]

everything he says is true for the company first starting but now that it is too big to fail that stuff don't matter.

[@geometric.]

He literally rigs the market in his favor

[@SirSoaks]

He rigs the world in his favor

[@radosuites7058]

@@SirSoaks examples ?

[@priyanshu3182]

@@radosuites7058 buying the orders and stop losses data from brokers

[@denzelsmokee7576]

Would you rather he lose ?

[@priyanshu3182]

@@skrilla. theyre the biggest ones lol

[@walterjones7212]

I will forever appreciate this channel, you've helped me and my family a lot, your videos, advice, lessons and funny words are Inspirational and helpful to us. My husband and I have been able to minimal, conscious in spending, saving and investing wisely, I now earn every week. You're such a blessing to this generation, we all love you

[@mrsstephanieexcellent4394]

@Ferdinand Mia I know you're speaking of investing, how can I start a great and profitable one?

[@miltonjolinton2430]

@@mrsstephanieexcellent4394 I have had no luck investing in cryptocurrency, I actually invest on my own but my profit aren't always as I expect, sometimes I just keep loosing money.

[@juniorlucky54]

@Jones David I agree but finding a professional for guidance ain't as easy as it sounds. cause I've been searching for one.

[@vivekkumarsingh1309]

@Jonathan Eric That's impressive. Are you giving her your money or the money stays in your trading account? What's really the idea behind copying trades.

[@richardmercy3058]

tell her I referred you for quick response purpose.

[@Archimedes43]

Do you know who invented PFOF? Bernie fucking Madoff.... enough said.

[@FlavorDaver]

When John Stewart mentioned to Gary Gensler about Bernie madoff invented payment for order flow, his response,”he did his time in jail”.

[@Stoneface_]

A great invention by Madoff

[@tyleradams9545]

Ken Griffin for Prison 2022

[@bhargav7476]

why?

[@Spelunkingpunk]

This is the content I came for. Thank you. 🦍🫂💪

[@michaelbaker4770]

@@bhargav7476 he has stolen more in derivatives than the world has money

[@bosszaru77]

HE ALREADY HAS TO GO IN JAIL.

[@noodlessoul8356]

Is this the same guy who lied to the congress under oath?

[@rrufio3026]

4:55 Talent is one thing, and manipulating the stock market in your favour is a WHOLE ANOTHER THING!! which he forgot to mention.

[@Fridge_Fiend]

"Yeah I've got no idea how it all works, have you seen how complicated this thing is, no one does. But basically all you do is pick a target, normally multiple and inject our consulting group BCG into them to give them awful advice that our plants on the board will approve and then we can short them to absolute pennies and create a law suit as a killing blow earning us billions. Hey you didn't record any of that did you? Also tell your aid there's not enough mayo in my coffee"

[@sukuti]

Yep! He forgot to mention GAMESTOP !!!

[@buckfiden1776]

Exaaaactly

[@vladl3281]

Is that Kenneth C Griffin, the same person who lied to Congress under Oath, and commits financial crime, such as spoofing, due to having access to both a hedgefund and a market maker roles in Citadel?

[@tyleradams9545]

Yep, that's him

[@buckfiden1776]

His days are coming

[@jaylanky7]

Ofcourse you win when you control the market and rig it in your favor

[@buckfiden1776]

Amazing how these people give him the time of day. How do they NOT know this?

[@balboa-capital]

And he uses those profits to give opportunity to students who can't afford higher education. 150million and 125million to Harvard, and University of Chicago, respectively. What would you do with profits like those? Let me guess....house, cars, parties, retire family, vacations, Louis Vuitton products...you're not helping anyone there but you're immediate family. Ken has a vision bigger than his family..he has a mission to serve millions of people, which is why he gets billions in profits.

[@sullivanbiddle9979]

He still has all the fancy things in his life that you mentioned and I very much doubt he would give so much to others that he couldn't have those things in his life. For him those things come first. I don't blame as most people, including myself, would act like that and it doesn't make him a bad person but let's not pretend he's the second coming of Jesus either. Perspective is needed on all sides. @@balboa-capital

[@Zombiejeans1]

“Making better markets for a better world…well our own world. Where we control the market for our massive gains and have no repercussions for illegal activity lol.” -Citadel securities.

[@ajcook7777]

6:41 Paraphrased: Well we use what is called payment for order flow, which allows us to see where everyone's orders are, then exploit human psychology and turn their trades against them, getting them to feel that negative feeling and sell their shares... Next we use PFOF to incentivize commission free traders to place "stale orders" away from the market price so that we can use our extremely fast systems and "collared" order types to trade against, predict and front run the rest of the market...👍👍👍

[@frederickmiles8815]

as long as they exist - we dont have free markets

[@tonyrodriguez8010]

Ken , how much do you love Mayo? Yes this is a serious question.

[@frankysteiner6789]

Buy,hodl , Direct register your share(DRS)

[@lunagirl1886]

Interviewer: so were did you go to college? Ken: you`ll love this story.. Interviewer: what did your parents say? Ken: you`re gonna love this.. 🙄 Later: So what happended with the Gamestop stock? GME holders: you`re gonna love this..

[@mclarendavid5935]

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

[@marvinscott2630]

Investing in stocks is a good idea, a good trading system would puts you through many days of success.

[@joeparyz4060]

Having monitored my portfolio performance which has made a jaw dropping $360k from just the past two quarters alone, i have learned why experienced traders makes enormous returns from the seemingly unknown market.

[@confidencestephen4116]

@@joeparyz4060 Interesting. I've a lump sum doing absolutely nothing at all in my bank account, i wanna gets something started with it. You seem to be doing excellent for yourself, how do you achieve this?

[@josephphillips1940]

Exactly, the trick is to diversify your investment, don't panic when everyone else do and invest consistently.

[@joeparyz4060]

@@confidencestephen4116 Am trading with expert Bell Elizabeth, a regulated broker in UK. Met her sometime early last year at a start up funding event. She has some interesting things to say about the state of algorithmic trading today. Obviously I'm seeing the results.

[@MrThitch]

Wen jail?

[@TheDeni993]

The secret to our success is inside info and naked short selling

[@buckfiden1776]

Bingo

[@ebnda]

you guys butt hurt lol

[@IlIIlllIIIIIIl]

Easy to make money when you literally front run every single trade not made by an institution.

[@buckfiden1776]

A retarded waste of time this interview

[@thomaslgregoryjr]

#kengriffinlies

[@goldbrick2563]

Citadel needed a $1B loan from fred ersham's paradigm recently, what's up w/that? Is this guy having operating issues? Good luck, hope he turns it around. Sequoia lent to him as well.

[@Rainy_Day12234]

Sounds like a little over-leveraged.

[@krislam2603]

large corps usually get funding from PE/VC not for the money but for the guidance. Basically consulting but making sure the consultants have "skin in the game"

[@jakebosworth6253]

They bought equity in Citadel Securities

[@goldbrick2563]

@@krislam2603 citadel's never taken outside investment in its history...your comment is good spin on it i guess

[@goldbrick2563]

@@jakebosworth6253 thats one way of looking at it...ha

[@eraseme1194]

No Cell, No Sell. #GME

[@ericklovegoria1267]

Ken is the definition of greed

[@sorooshb007]

or success

[@louistran016]

there's something about this guy that reeks fraud and deceit, as opposed to Ray Dalio interview, feels like a honest and well meaning man

[@sorooshb007]

@@louistran016 well these are two different hedge fund managers with two different approaches

[@sebwarren9892]

@@louistran016 Ray Dalio is as greedy as Ken Griffin, you are wrong thinking that Ray Dalio is a good man, Dalio is a real wolf in wall street. When he advice panic in the market or any crash to the public is because he has short positions, with the panic that he created with no reason , the people with not knowledge start to selling, making to him billions with his short positions.

[@priyanshu3182]

@@sebwarren9892 u know nothing about ray dalio

[@carlosvasquez488]

Now this guy wants to be a market maker in Crypto, I hope it never happens. This guy going to ruin crypto

[@Fridge_Fiend]

Mate he'll be lucky to still have a house by the end of the year. HIs time is done. There are other threats to crypto but not this clown

[@buckfiden1776]

@@Fridge_Fiend you know wassup. This greedy little turd’s days are coming.

[@YesitdidBlazin2gunz]

Maybe in the USA. Hard to say if he will have an influence on crypto as a whole.

[@316tjw]

His answers and statements are rehearsed. He skirts around the questions with answers that are vague and made to confuse. He's lying by omission. A tactic used by criminals. He even looks nervous but possibly is doing this interview to counteract all the negative publicity and truth being exposed about him. I would assume his investors are asking a lot of questions. He's just another MADOFF.

[@YesitdidBlazin2gunz]

Exactly. Wants to look good to FIFA as well to buy Chelsea to corrupt world football/soccer even more.

[@SirSoaks]

He always looks like that. What I'm wondering is why he funded 5 flights to bring hundreds of Americans back to America and then helped fund vaccines that weren't even proven to work

[@zerometalworks1324]

Easy to get wealthy when you take money for shares and then hand out counterfeits! Naked shorts and FTDs, RICO says: "Go to prison."

[@Nottotv]

They also use free money from state pensions funds to invest in. These people offer nothing to society but take take and take some more.

[@Suspiciousguy124]

@@Nottotv nah i would argue that have u seen the pay that citadel give its employee , one of my friend straight out of school made 400k first year .

[@buckfiden1776]

@@Suspiciousguy124 so what

[@mikeruusan]

he has an awkward eye contact. also, everything is obviously scripted.

[@heheheha9094]

Yeah the eye contact thing is freaky

[@dalongzhu4723]

scammer big time

[@motoren8536]

Ken and his citadel are the problem. Sheep's eyes will be opened real wide real soon.

[@user-rj9yq9co7m]

No cell,no sell!

[@buckfiden1776]

His days I hope are coming

[@Michael-xp4cd]

billionaires interviewing billionaires.. gotta love it

[@ajcook7777]

6:41 Paraphrased: Well we use what is called payment for order flow, which allows us to see where everyone's orders are, then exploit human psychology and turn their trades against them, getting them to feel that negative feeling and sell their shares... Next we use PFOF to incentivize commission free traders to place "stale orders" away from the market price so that we can use our extremely fast systems and "collared" order types to trade against, predict and front run the rest of the market...👍👍👍

[@hamiltonsanner9858]

I get the feeling the Griffin got picked on in high-school

[@Fridge_Fiend]

I mean when you hoard that much mayo at lunch it only seems fair to pick on little mayo boy jr

[@edwillich1339]

They really need to tweak that robot to blink more. It will appear more human then.

[@heheheha9094]

Exactly

[@johnjarbinks]

Real piece of work this guy.

[@sukuti]

Kenny: I got 99 short position but GAMESTOP ain't one.

[@tenningale]

This interview is kind of funny because Griffin is very serious about things and David is much less serious and the contrast shows in some of the side profile shots when they zoom out.

[@Stoneface_]

Ken is always serious looking 😂

[@patrickmccarthy5617]

"You'll love this". Ken Griffin probably

[@Rainy_Day12234]

Stop order flow payments and Citadel Securities would fold.

[@Abrii101]

Recount #GME and #AMC shares and Citadel would fold.

[@jakebosworth6253]

Stop Burger sales and five guys would fold

[@dudeskeela]

It's going to be interesting coming back to this video in a couple years when Griffin is behind bars.

[@WiCapitalco]

He'll never see jail.

[@Stoneface_]

​​@@WiCapitalco exactly and even if he does, he'd be pardoned and won't even be in a harsh jail condition. Just look at Milken...

[@underthe_3]

“It took a lot of resiliency to get back on our feet after 2008”… yet Citadel was bailed out by the government twice. 🙄

[@janiprime]

hes still a super smart guy for what he does, why you trying to find a fault? you failing in life?

[@krislam2603]

32:30 LMAOOOO i rmb in another interview he said he bought it cuz his son called him and said he must outbid the constitutionDao. Now after a while he finally thought up a smoooooooth answer

[@tonyhooyer8997]

Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated.

[@sandraken5250]

You have to have an idea on what you wanna invest in carefully before going in.,

[@bigog4559]

Well Eliana reputation already speaks for her last month i invested over $100,000 with her and I've already made over $250,000 profit.

[@bigog4559]

Kindly reach her thru Tele gram page with

[@bigog4559]

Elianabk is the name.

[@albertpitts417]

@@bigog4559 This lady right here,I tradr with her she’s inventive and the P.O.T are no jokes, I won’t look awestricken u made mention of her,,

[@Oneof1301]

You want money like the hedge funds buy $amc,$gme

[@patrickpuma]

I can't hear you with all that mayo in your mouth

[@ryanpdt]

anyone noticed, he doesn’t blink at all?

[@Ryuzaki1998]

he wants to show attention and dominance with it let's see if he will stare at big frank like that in jail

[@lilmike-cw7sj]

David like the 5th fluff video this week for this criminal. Your not doing yourself any favors #kengriffenlied

[@lukey1210]

Kenny you’re aging at the speed of sound…. What’s wrong?

[@jamesstmanhattan]

At the speed of light*.

[@stonk3739]

At the cede of shite

[@pamburchell7390]

I'm slightly afraid to continue with stock due to the risks fueled by inflation and the recent announcements by the fed and the stock market crash forecasts. I have not been living my normal life since then. even tho it hasn't happened yet but I'm genuinely looking for alternative places to invest in. I would consider myself to be a socially responsible investor. What are your thoughts on cryptocurrency?

[@richardmadison9670]

@Alice woodward Good read, thumbs!!

[@pamburchell7390]

@Alice woodward I would like to get in touch with her for advisory purposes. Can you tell me how?

[@claradidi7573]

@Alice woodward crypto is the new gold

[@Fridge_Fiend]

Wow Pam you have the exact same comment as 15 other individuals What a coincidence!

[@mindshiftmastermind6520]

AMC to the moon

[@aizulusamson3620]

Great interview thank you Mr. Rubenstein for always bringing all the great guys.

[@suliekhan2621]

gamestop has entered the chat

[@carlosmorales4826]

LMAYO $GME

[@Foxis234]

Holy shit he talks like robot, tries his best to look like a normal person. But all he thinks is how to stay in track of that conversation script that somebody spent hours writing for him.

[@jonrodriguez8698]

Might as well interview a bank robber and ask them how they are so good at making profits

[@MrSamara666]

Wow he’s about to go out of business

[@aswaadkamal8615]

Why tho?

[@blocklattice2476]

Please google: "Ken Griffin Lies" before you listen to this guy.

[@willkimball7677]

Also look at his eyes and the chair placement, he’s reading from a teleprompter.

[@run-cnc]

#KENGRIFFINLIED

[@m1seed]

Losing your trade? If you Kenny Griffin you get to remove one side of the market.

[@mindshiftmastermind6520]

AMC to the moon

[@fantasyfilters580]

Ken Griffin is moving money offshore

[@lgra81]

Only a bonafide market maker can have over $65 billion of securities sold but not purchased on their balance sheet. How do you even claim to be profitable with a liability like that?

[@neesre1118]

Getting bailed out with tax payers money and front running clients and retail is how you succeed. Low rates and Money printing helps a lot. Plus 401k money front running retirement accounts and dumb etfs front running.

[@zachharris1620]

AMC and GME Ken

[@Lahoria9]

Hello can anybody tell me which monitor is it on his table?

[@johndill410]

Didn’t this guy lie under oath and still owes tons of shares in GME?

[@on-site4094]

Best price is directly to the lit market period

[@davidhazell5336]

He the equivalent of the peaky blinders fixing football matchs

[@sergiogonzalez8724]

Give him jail time.

[@jnelson854]

Citadel we are taking all your money!!! Ape army!!

[@drone_photography42]

Hows the borrow fee rate at 27% mayo boy

[@DFVerner]

27m37s - Ken says ‘I “love” my work, I “have” 3 young children’. Interesting choice of words. Tells you a bit more about his priorities.

[@henning2812]

This dude reminds me of Marc Zuckerberg. Same rhetoric, same facial expressions.

[@tuckerinterviewsyoutube8.-]

Ken Griffin was a computer nerd in the 80's before anyone had heard search a name😂😂😂

[@enriquearias767]

This is why I feel bad! because ever since I bought in at 2 😢 they've been sinking those ships... I sure wish those active managers the best

[@e-cuauhtemoc]

#CitadelScandal #KENGRIFFINLIEDUNDEROATH

[@sammysmith5078]

Crook griffin

[@def6420]

Better close AMC shorts and pay back investors.

[@JusdoinstuF]

he has the same look in his eyes as zuckerberg.

[@DropoutJerome]

Robotic soulless shell

[@JusdoinstuF]

@@DropoutJerome basically lol

[@medi7710]

Personal freedom and limited government….beautiful.

[@chukesobialo5706]

Well done to this dude..Good for him..Great for the market's. I will be a multi billionaire soon and a multi trillionaire thereafter.

[@Hecticam]

Rubenstein: "Can you tell us how your life isn't all perfect?" Ken: "I don't think we have enough time for this.. Gwahahahahurghgh..." *thinking of imminent jailtime*

[@fantasyfilters580]

Programming back when he started was basic as hell ! Don't believe a word out of this mans mouth

[@zo9fg]

other than scamming retail order flow, why do ppl hate him? he's sounds smart

[@mateom7056]

he outbid the constitution DAO. Also, Citadel had a huge short position on $GME during last year’s fiasco.

[@Abrii101]

@@mateom7056 Also, Citadel still has a huge short position on GME and AMC.

[@buckfiden1776]

A smart individual wouldn’t need to manipulate the stock market. Go look that word up again.

[@adariangrimes3164]

He reported taking home $68 million a month in the year 2020. 68 MILLION. A MONTH. And thats what he reported to the irs...during a global fckn pandemic, to say the least, yet he portrays himself to the media as a philanthropist. He owns the most expensive property in the history of the United States. He squanders his fortune from the backs of retail investors and little ol lady's retirement funds from around the globe. Financial terrorist. Osama bin laden of the stock exchange.

[@bumble3984]

Sounding smart, being smart, and doing GOOD things with the money you've made, rather than weaponize it to target and destroy legitimate businesses (with THOUSANDS OF EMPLOYEES) are very different things.

[@SirSoaks]

Am I the only one that caught that Ken Griffen spread covid intentionally and invested in pre-efficacy vaccines?

[@nickdonalds0546]

#KenGriffinLiedUnderOath

[@gca-automotive]

We're coming for you Kenny boy, you thief

[@nihilisticprophet6985]

He sounds so incredibly fake and scripted. How many times did he practice this?

[@jamessimon2002]

These comments are going to be juicy.

[@deepfuckingvideo]

NO CELL, NO SELL.

[@tonyrodriguez8010]

Ken , name 5 stocks you haven’t shorted ?

[@FlavorDaver]

Just another “skim some off the top” middle men that aren’t necessarily needed!

[@buckfiden1776]

Fact

[@stonk3739]

Is it just me or is this guy struggling to form sentences properly?

[@jonathansagil1951]

Tick Tock Kenny…

[@jensschreiner5351]

The only thing he's obsessed with Mayo and bedposts. Soon he'll need one to help ease the other.... Computernerd... Algorithm loser more like it...

[@OneAndDone5150]

Simply said cheaters never win and winners never cheat

[@tsarkot4068]

Give me my money Kenny boy

[@AProfilename]

MOASS IS COMING KENNY

[@easyreprobus7]

Look up AMC / GME, and Ken Griffins (Citadel’s) relation to manipulating these stocks

[@ryanalbertson1418]

No cell no sell

[@ariaetemadi]

We don't stop until this man is in jail. Filth.