Citadel's Ken Griffin on Market Selloff, Working at Home

Citadel CEO Ken Griffin speaks at the Bloomberg Intelligence Market Structure conference in New York with Bloomberg's Francine Lacqua. They talk about the economy, the recent market selloff, energy policy, and returning to the office.

[@lucaswilliams9992]

The FED has lost it and the sad fact is, it's pretty obvious we are headed for hyperinflation. I think stores better have tight security because when people can't afford to feed their families, things might get ugly.

[@audrey5605]

Might? have you been grocery shopping lately? Things are already ugly. The best bet for anyone with a brain is to get in on a passive income stream while you still can, doesn't matter which one it is just get on it and stay committed.

[@laurenlondon848]

Yeah but in order to successfully partake and make the most of the present market opportunities, you'd have to be a pro with years of experience or have one guiding you.

[@drrami757]

Get yourself a FA. Mine is helping my portfoIio maintain an unwavering and a progressive growth this red season. I’ve accrued about $ 120 k in profit since April.

[@drrami757]

@David cho the advisor i use is well known. Dawn Marie Gatti. her fees are peanuts in comparison to the overall performance of my portolio, You can look her up.

[@zoeysdad4662]

I just looked up this person out of curiosity, and surprisingly she seems proficient. I thought this was just some overrated BS

[@ScottyKDavis]

Secret sauce: become a hedge fund, broker, market maker, and clearing house all in one.

[@Annies_Ink]

Prison is too good for this criminal.

[@KennyW888]

then pay off the guys who are supposed to regulate you

[@rajeshupadhyay5683]

Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement

[@lezliewhicker8450]

@@rajeshupadhyay5683 lookup Priscilla Dearmin-Turner, this is her name online, she's the real investment prodigy since the crash and have help me recovered my loses

[@arizemadu7893]

Investment now will be wise but the truth is investing on your own will be a high risk. I think it will be best to get a professional👌

[@frankwoodson823]

Retail is not the one who got their hand caught stealing cookies from the cookie jar Kenny. Who do you blame when you get caught stealing? Take responsibility for your own actions.

[@mikethefarmer7272]

Om P Ll nonj lol I'll

[@dontwantahandle801]

The fact that this man isn't behind bars is beyond me.

[@MarcusAurelius7777]

Based on what specifically?? What laws did he break?? R U jealous??

[@joelzinho4600]

@@MarcusAurelius7777 They don't have any. Most people in this thread do not understand the effort, pain, time, commitment, capital, and courage it takes to start something like Citadel. He lost 65% in 08....and now has gotten here.

[@andyavelar4963]

@@joelzinho4600 you're joking right?

[@Datswild253]

Geez the replies must be his paid interns 😂

[@Datswild253]

@@MarcusAurelius7777 lying under oath is illegal

[@coltonyoung6518]

He makes Bernie Madoff look like an angel.

[@810Batman]

The FED existence worries me, as the policy make behind and in front of them!!!

[@stardust6004]

Never forget that ken griffin is said to have multiple references to Bernie maddoffs cell number within his offices …

[@kenlay6004]

@@stardust6004 Bernie's Cell is ready and waiting for Mr. Griffin

[@issenvan1050]

Don’t promote these public enemy thieves!

[@costco_pizza]

I was wondering is Ken Griffin's son named Ken Griffin Jr?

[@drunkntigr]

This guy is sooooo good at what he does he just spent 50 minutes saying nothing. That is a true expert.

[@njigyfd]

chuckle

[@TheControlBlue]

Well, that why he is there and you are where you are. I would like to see you do the same. Easy to criticise while siting on your couch.

[@user-pc7ef5sb6x]

He's a billionaire. You're not

[@rug0s0]

@@TheControlBlue na he lied under oath, a lot of evidence to RICO charges, just a matter of time

[@chrisE815]

@@rug0s0 yeah ok lol

[@supadave422]

This guy and his cronies are a big part of the reason you see the current market volatility.

[@IZotit]

I actually this this man helps young men and women like myself. This dude listened to me when I made a 313$ million dollar decision. He even put money in my pocket. Now I’m home chilling. And I work whenever he needs. Life is good.

[@greghuntington9277]

​@@IZotit Can you expand on that please? Sounds interesting.

[@user-pc7ef5sb6x]

No. Pure ignorance from the Apes. You Apes are just mad you bought at the top

[@aq1825]

Ppppp!!

[@garyjones3142]

It's the FED and all the money printing !

[@Dizpolitik]

Before you sell a single share of GME, remember this guy makes $68 MILLION A MONTH. Thank you.

[@mason72518]

And you would like to bet against this person? Good luck

[@nickgrant5800]

@@mason72518 It's ok man. Not every man is meant to stand up for what he believes in. Some just lie down and roll over...

[@ActiveRehabMobility]

@@mason72518 I generally would agree, but he and his people have definitely are in a jam. If they get a significant bailout then that’s possible but time will tell

[@imtryinghere1]

GME lacks a competitive business and doesn't have customers like it used to. That's not Citadel's fault. Citadel doesn't decide who buys products from Amazon or Gamestop. Walmart has steamrolled competitors into the ground for 40 years before Amazon even existed. They didn't need Citadel to do it.

[@2CommaClub]

Bought more GME shares yesterday (Tuesday), WE AIN'T LEAVING!

[@socalape2813]

WE’RE NOT THE ISSUE, WE’RE ARE THE SOLUTION!

[@martinandersson9712]

Griffin messed with the wrong apes this time, *WE ARE NOT LEAVING*

[@Stoneface_]

Ken Griffin and friends turned trading into a Casino. Fair enough. They started it.

[@willrose5424]

crypto is better than a casino.

[@willrose5424]

@Worst Case Scenario its a rollercoaster. I road luna on the 18th but KNC whooped me the next day. I may never short again.

[@jerryware1970]

He’s mostly a market maker placing two-sided markets on derivatives….most of business adds value to the system.

[@t-point7569]

I can’t stand this anymore if we as a country will uphold corruption and lies than the system was just a dream all this years we are becoming a 3rd world country. People in America are suffering, people are seriously poor, Kenny needs to be in jail.

[@martinandersson9712]

If Wang was threatened with 380 years of hard time, give Kenny 500! with NO PAROLE!

[@TheControlBlue]

It's a Hell of your own making. You think you have no responsibility in this too? How many time did you just never bothered to look, or ask questions?

[@longtermcapital5236]

GME & AMC are DEAD!

[@garyjones3142]

You can thank Joe, you voted for him!

[@xXxUrbanNinjaxXx]

@@garyjones3142 the man being interviewed is a republican

[@PeeedaPan]

He should be in prison and Citadel should be out of business

[@MarcusAurelius7777]

What did he do that was illegal?

[@andyavelar4963]

@@MarcusAurelius7777 market manipulation and naked short selling

[@t-point7569]

@@MarcusAurelius7777 he kills and make money from destroying businesses he trade with the American people 401k, makes profit and only give back to those companies a little fraction of the pie 🥧, which you see as matching. But he actually needs you to work for the rest of you life because that’s how he gets richer. He has destroyed 1000s of American businesses and too all there money. Secondly plus naked shorting, money laundering, fraud and manipulation.

[@cp3190]

@@andyavelar4963 Stop talking bs. You kids can't even understand the rules and come here talking about "market manipulation" and naked short selling.

[@andyavelar4963]

@@cp3190 unless you have evidence their's the door

[@ballerbf]

“There are 11 million jobs. Where are the American workers?” -Ken Griffin Maybe the American workers can’t find affordable housing in the areas offering these jobs because corporations have bought most of the real estate and inflated the costs? 🤔

[@FinancialOptionsWithThumper]

Yep. Why work a job that won't let you support your family?

[@lieren410]

🎤 drop boom

[@klin1klinom]

Or, maybe there are no 11 million jobs to begin with. Could be a doctored statistics to make Brandon look good on economic front.

[@tylerking4576]

@@user-bp3ou2dq2q maybe a functioning society shouldn't hide opportunities for people to contribute and live in

[@liquidsnake6879]

Where are the apprenticeships, where is the education drive and grants lots of questions cause even if the people are around doesn't mean they can do the job or would even bother to apply

[@TheBoolishCitizen]

Ken griffin lied .

[@pabl0cc033]

The ones who took the ppls money is wallstreet. The nerve of this 🤡 acting like his hands are clean, when he is an orchestrator

[@MarcusAurelius7777]

Jealous

[@MarcusAurelius7777]

@Worst Case Scenario No way! I just like Ken Griffin..

[@MrJoege18]

Stopped listening after he said "we don't expect a recession in the next 4 quarters." You take out inflation adjusted growth and WE ARE in a recession. Target doesn't move 25% in 1 day unless we are already seeing the economy shrinking.

[@martinandersson9712]

The crash of Wall-Street awaits round the corner, but Griffin can not mention that, that would drive people insane!

[@pinksoda9714]

A man who hated the spotlight just suddenly appearing in interviews all year round about GameStop, after his company got caught with their pants down? Probably nothing.

[@user-er6ih3rh5x]

My greatest concern is how to recover from all these economic and global inflation and stay afloat especially with the political power tussle going on in the US.

[@loretagurakuqi6950]

As with any big financial decision, it's important to keep your guard up for economic risks. However, smart planning, time management and seeking advice from a financial adviser can help keep you and your money safe.

[@christopher8633]

Investing in cryptomarket with the aid of a professional or experienced trader is a very good passive streams of income.

[@Benjaminmac]

A lot of investors have restrained from the market because of the volatile and sudden crash in the market. But I’ve learnt to understand that trading is quite different from just hodling. There are short sell for bearish and long sell for bullish.

[@StanleyHudson1]

I remember back in 2020 when I began my trading journey due to the pandemic I needed a sources that would work for me while I was away. after I made my first $95,000 under her management I then turned to invest in the real market. I make profit on weekly bases. Melisa is a trade queen. I love so much.

[@joshp562]

how does buying any "meme" stocks jeopardize teacher pensions.... really?

[@manuvns]

Teachers pension probably invest with the hedge funds but probably a small portion

[@GoDaveGo]

I’ll take you at your word this is a real question. Shorting stocks has a bad name, but it is essential for markets to work properly. Let’s say there is a company that doesn’t make money. For years. But they tell a good story, and people like the product, and the CEO gives great interviews. Maybe the company is even fraudulent. Or it’s just a poorly run company. What happens? Mom and pop invest in it. It’s a product they know. But professional investors don’t. There’s no money to be made in it, and the pros know it. Who gets hurt when the company goes out of business? Mom and pop. Or, who gets hurt once all the non-investment crowd realize the company will only produce small profits? Again, mom and pop. So how do you keep the price of the stock from getting much higher than the value of the company? Short selling. Now pros can make money by putting downward pressure on the stock price. So pros short the stock and then tell everyone what evidence they have the company is a bad investment. Investors evaluate the evidence, and it keeps unsuspecting people from being swindled.

[@hs-qd4sv]

@@GoDaveGo You left out the part about short sellers/hedge funds destroying companies so the short sellers get to keep their gains and don't have to pay taxes on said gains. Short sellers also spread false information and flat out lies in order to manipulate retail investors. The DOJ is currently investigating short sellers for doing that now... So how about telling what they really do instead of making them sound like saints.

[@jamesmarshall3311]

@@GoDaveGo You must think we are all stupid. Do you think that these Hedge funds give a damn about exposing bad companies or helping out retail ?? These Hedgies are Predatory short sellers who make their money by destroying perfectly good companies, and they operate in a highly illegal manner. They have zero morals or credibility and people like Griffin need locking up.

[@christiangreen1477]

@@GoDaveGo now do toys-r-us, Sears and overstock. you are defending cellar boxing, and its not a good look.

[@MillieMuncher360]

he's a good bullshitter, he throws in multiple little truths and then drops a big lie hoping that you will believe it because you agree with all the little truths (mental manipulation). I'd like to see him go on an interview with Jon Stewart or Charles Payne, but we know he only sets up deliberate interviews that are only allowed to ask questions he approves first. Kenny isn't stupid, he simply underestimated retailers and got caught so now he's trying to deceive the world into thinking that he wasn't wrong and that it's over. If he truly thought this was a moment in time he would have covered already and moved on.

[@RetiredSignDude]

Huh?

[@BP-vr3rt]

Mike Stathis already exposed this criminal ken Griffin

[@tomislavcosic4185]

Are you still talking about the delusional world of small/‘retail investor heroes’ that actually never existed…but served to distract people from their own lives…if you are, you certainly have no idea what you’re talking about

[@MillieMuncher360]

​@@darrinito @D W exactly, A bullshitter yes, but a Good bullshitter no. Ken isn't buying multi-million dollar houses because he's dumb or even average, he's one of the best bullshitters there is, and that's why he keeps bluffing with his bwst poker face even though we've all seen his cards.

[@JosueRodriguez-li5zs]

Exactly! He gives you Little trues with a big lie in the back! He hasn't covered yet and he will fall deeply!

[@jasonking5958]

I didn't take any handouts from the gov. All of my amc shares were purchased through my own working hands. Nice try ken. Go eat one.

[@felipesanchez5203]

Or two.

[@jamesonburgess5079]

he's a whinny brat. oh poor people did a capitalism!!!! we must push them back into their poor square we put them in. don't worry about it. utilization went to 100% like two or three months ago and there hasn't been stimulus checks since january 2021 and retail investors mostly own gme and amc. his statement is a lie, most of his statements are lies. don't worry about it. melvin went down because of its own poor decisions. hedge funds are going down and its not because retail investors bought and hold two stocks out of the what thousands that are bought and sold. its not even close to logical.

[@DoveDaniels]

exactly and another reason why I went bankrupt and lost my business october last year. never had handout or taken one. I pride myself in working for myself. this man makes my blood boil and now I have to suffer with people who had handouts...

[@danieljamal3709]

When the market goes down then it's buying opportunity. If the market goes up then you are making money. If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run; however, a severe market correction causes a lot of margin calls and sell-offs, driving the market even lower. currently, I'm up 13% in my diversified portfolio. As crazy as it sounds some still make enormous returns from this seemingly unknown market. gotta be greedy when others are fearful

[@dannyvera8475]

exactly what I'm personally planning on doing now the market is down, but I have no idea about stocks to buy or what assets that would yield the highest potential and so on. Your portfolio is freaking awesome, you seem to be doing well yourself. how do you select stocks you invest in?

[@danieljamal3709]

@@dannyvera8475 I have my portfolio very well-diversified, though I did it using trad signals from a US-regulated broker *PRISCILLA DIANE AIVAZIAN* financial analyst and CNBC contributor and it's been a huge relief. Good earnings and little to no engagement at all on my part. Her stock picks are top-notch, I don't worry about market trends anymore because she's quite the genius in trading and portfolio diversification

[@dannyvera8475]

@@danieljamal3709 Do you mean copying her trades as it's been done in Etoro? Do you just give out your funds or copy them manually?

[@danieljamal3709]

@@dannyvera8475 Yeah but I don't give out funds here, It stays right in my account. My account only mirrors her trades in real-time that's ideal for this system. Copy trading is 100% secured and very transparent to work with her, you don't have to send any funds over. you have control over your funds and can opt-out anytime you want just like in Etoro. Check out her name online and get in touch if you need help with this insane market. It's only a recommendation though

[@henrygarcia1792]

I'm MUCH more interested in buying stocks now that they are cheap. You can't just sit on cash waiting for the market to drop 10% before you start buying. The best strategy is to start buying in slowly and then gradually increase the pace of buying as the prices continue to drop. Cash isn't king at all in this era

[@labgeeathlete]

He’s still short GME :)

[@miki3dddd]

...and we still buyin more amc and gme with a discount price!

[@miki3dddd]

@@labgeeathlete buy why just gme? (sorry for the dumb question, really dont know it) Ill buy both of them.

[@swe_machete]

Why he blameing Retail when 70% of Retail trades doesent go to exchanges and going to darkpools,missing something or?.. Those pension funds wouldent exist when companys shorted over 100% like ToysRus , all those that worked there just had to quit since you guys attacks the companys over 100%. " And you partnered whit Melvin and stood by him and his trade and also gave him more funds" Go Retail traders!

[@sansnom]

If only it was 70%, according to Gary Gensler it's 97%.

[@henryclinton9317]

There might be an economical turmoil but there is no doubt that this is still the best time to invest.

[@jamesmaduabuchi6100]

Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.

[@henryclinton9317]

you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos

[@henryclinton9317]

now its a different ball game for me because I was lucky to have met TERESA JENSEN WHITE, a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.

[@dorissteve912]

Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach TERESA ?

[@henryclinton9317]

search her name on the internet to reach her

[@eschaton2834]

Payment for order flow Bernie Madoff. Brought to you by Citadel.

[@joelzinho4600]

Show me proof. Because the proof is that Bernie wasn't even making trades.

[@jeromep4898]

Amen!!!

[@diegogutierrez1068]

Transparency in the market 🤫😉

[@CrunchyDark]

I only have 184 shares (Long) but I'm holding!

[@stardust6004]

I will start to believe again in the market when ken griffin starts to blink again

[@Michelle-si3xk]

lolllllll this! thank you for this comment lmao.....Glad im not the only who thinks this! I always have to rewind because his beady psychopathic cold unblinking eyes distract me

[@carlosvasquez488]

I would like the SEC to enforce their law and shut down citadel

[@vidarebornlonewolf]

Innovation and creativity fall in a remote workforce?! This guy is full of it! Thanks to working remotely, I've finished by Bachelor's, paid off my credit card and car loan debt, started investing in the stock market, and had a more focused mindset on my personal future goals!

[@franciscodanconia4324]

It can and does if not managed very carefully. I've been in situations where we can't get the point across in a project no matter how we try with remote devs. And then that point can be solved in about 15 minutes of people all being in the same room. And I think you either have to be a very focused person, or be in an environment with little distractions (like say being single with no kids) or else your work suffers working remotely.

[@vidarebornlonewolf]

@@franciscodanconia4324 exactly. More entrepreneurs will evolve from working remotely. Not everyone is meant to be one. You just proven that. Sadly, not all of us were meant to be independent and leaders. Some of us are very happy just following the crowd and be part of something. Innovators work alone. Nikola Tesla actually said this. "Be alone, that is the secret of invention; be alone, that is when ideas are born."

[@rockklimber24]

None of which these companies care about.

[@Spazza42]

Good for you, not for his business. It's all about control to them.

[@Daniel-ct3ds]

It's crazy to think about how there are youtube videos with over 1billion views. This video will likely not even reach 500k. The point I am making is there are millions of people out there that have no idea how important it is to understand the influence this billionaire has over daily life and finance and how he just lied for three quarters of an hour.

[@ScottyKDavis]

It’s frightening. And when I tell people, they look at me like some conspiracy theorist.🤷🏽‍♂️

[@Seventh721]

All of these hedgefunds deserve everything that's coming against them. When you engage in negative activity, the end result will always be negative, and so they will all get what's coming to them in due time, they are just prolonging the inevitable. These are very evil and greedy people that we are dealing with, so this should come as no surprise that they are trying to place the blame elsewhere to deflect their corruption and responsiblity.

[@IsaidQUIETnHERE]

🤣kenny blames retail investors for lost pensions but he fails to realize he's the one who lost their money.

[@katmandewtoolsngames3116]

💯

[@danielsoares3737]

He doesn't fail to realize anything... he knows it was him and other market makers alike. He fails to admit it

[@logknot7867]

Citadel is up 13% YTD but okay

[@costco_pizza]

Is Ken Griffin's son named Ken Griffin Jr?

[@JDub.]

@@logknot7867 down 60% yoy

[@volodymyrdrobot9454]

My grandma also didn't have running water. But unlike Ken's grandma she didn't have 250K of "play" money to give me to invest when I was in a college. In general, I like the way these "uncle Lenin" stories about Ken evolve over time and start contradicting each other.

[@JasonPelish]

I knew Ken in HS. He wss a very serious, hard worker who never flaunted wealth and cared way way too much about other people.

[@volodymyrdrobot9454]

@@JasonPelish things seem to have changed since then. Significantly.

[@BleyBlair]

@@JasonPelishyou serious lol?

[@christophers8849]

Wow this guy is full of it. I have worked remote for over 6 years. We have growth year after year. Such a boomer.

[@brianeyre]

I’m far more productive at home.. most office workers spend their day in boring Jobs sitting in front of a computer anyway.. not tossing creative ideas around in front of a flip chart. These management types really just want to be able to keep tabs and look over your shoulder. I want to spend time with my family in an affordable area.

[@Positron49]

@@brianeyre We spend more money going to an office as a population. We have to drive our cars, go out for lunch, buy nicer clothes. We are more likely to spend money on convenience such as Amazon vs shopping ourselves due to time. We have less time to do things ourselves such as housing projects and will pay for them to get done…. If remote work stays on a large scale they are afraid all that unwinds.

[@melb6746]

He's only 53, so it's easy to think he is a boomer. He looks awful doesn't he? 🤣🤣🤣

[@tomcat8662]

@@brianeyre We tried the work from home thing at my company and it was a complete disaster. Productivity absolutely plummeted. I’m sure there are very specific industries where it might work. But overall companies have found out it’s nothing more than a bandaid that can be used during pandemics and for folks who are recovering from some sort of injury.

[@brandonburns5365]

@@tomcat8662 your experience is anecdotal. No companies overall don't find it as a bandaid

[@99.8Survivor]

We are no where near a bottom. Not enough panic. It is good to watch a CEO squirm.

[@Mis_guidedz]

This man creates bottoms Lol.

[@JfTalbot23]

This is Citadel. Ken Griffin does not squirm.

[@InJunoWeTrust]

The fact that you think it's him that will be panicking and not unsophisticated retail like yourself is laughable. Believe me. When the bottom comes, you will be at the point where you want nothing to do with the stock market.

[@99.8Survivor]

@@InJunoWeTrust even Buffett panicked in 2020. The retail investor panic is the first wave. Big firms aren't as nimble and, yes, they can panic, too. We may not have the big capitulation because most anticipate it. I do agree that the bottom could be when most lose interest and this could be a slow decay. No panic here. DCA every 10% drop in S&P < 4,100. Good luck!

[@InJunoWeTrust]

@@99.8Survivor Agreed. You are more shrewd than I gave you credit for ... my apologies. I see the word "panic" used so much lately when orderly distribution has been a more accurate representation of what we have been seeing. Death by sandpaper without ever letting VIX get too out of hand. The market is certainly feeling like we're going through a changing of the guards. DCA like what you are doing is a sensible approach because I think many are mistakenly understating how long these market cycles can last. Best wishes friend.

[@ScottyKDavis]

Until Kenny boy is in jail/dead, and citadel is in ruins, the job isn’t over. Melvin is just a pawn.

[@longtermcapital5236]

Keep dreaming…

[@belmontpaul6855]

Never place a bad bet that you will regret. -Kenneth C. Griffin. CTDSC

[@martinandersson9712]

Never short Apes that have no understanding what losing means!

[@dutchess06]

This reads like "I rule the world, and I will smite thee"

[@noshrinkingviolet007]

Remote working changes people's lives for the better. People can live in cheaper areas without giving up their jobs, no more stressful and costly commuting, the ability to have more of a work-life balance and integration to name a few.

[@gdyfld001]

For my personal experience, I can do the job from home but I feel more focused and productive in office. I think it is also more of a commitment. I totally respect ones want better work/life balance. But I believe that to be the best in any competitive business, you have to give up many things. It is fair in my opinion. I am basketball fan, so I will take Kyrie from the Nets as example. I respect him want to live more than a basketball player. But that part time commitment surely won’t let him win championship again. He probably doesn’t care, so that is his choice. My point is that if you care to be the best, there is commitment needed

[@ChangingFrames]

I agree with all of your points, just that these comforts come at the cost (loss of productivity) of the company we work for - is what Ken is referring to.

[@joelzinho4600]

What people are experience is convenient for them, but not efficient of business on aggregate. There is a reason EU is wayyyy less productive than the U.S. There is a reason why some of the largest companies in the world come from the USA. People are spoiled brats now in the west. Ideological driven asking for more and more handouts.

[@hamadalraeesi3214]

@@gdyfld001 and how many brilliant ideas came from employees sitting together in lunch break

[@Maeda_Toshiie]

@@hamadalraeesi3214 Indeed. Casual and random conversations at the pantry or corridor. You don't build social capital by sitting behind cameras either. You do that face to face. I am an introvert who prefers working on projects alone, but even I get the value of face to face interactions.

[@andyavelar4963]

AMC TO THE MOON!! 🚀 🚀 🚀 APES BUY N HOLD WE LIKE THE STOCK

[@ettin05162]

Interesting how he talks about the hedge funds being victims and destroying teachers’ pensions. What a spin job lol!! 🤩 😂

[@facts-GPT]

Right. Poor victims... Let's make 40% more COUNTERFEIT SHARES of a company.. in hopes to bankrupt it.. while risking other people's money.. While getting bailouts from banks.. who get bail outs from American tax payers. This is war...

[@rightfocus4778]

He did it with a straight face, amazing😧😧

[@ettin05162]

@@rightfocus4778 Yeah maybe because it’s normal for him to lie and decieve folks.

[@410Gregj]

I see a Democrat in the making

[@habibbialikafe339]

its called reality

[@martinandersson9712]

This will not age well. Griffin is an expert in creating hatred wherever he goes. BRAVO! Hope he beef's up his personal security. I think it would be worth it!

[@357Anthem]

He’s actually the opposite. How does he create hatred?

[@melb6746]

@@357Anthem looking here, we have another Citadel employee or shill. He lied under oath, conspired to turn off the buy button because he couldn't stand the fact that he was losing, routes 90% of orders through dark pools, and has 65 billion in failure to delivers. He is causing a lot of suffering. If you think there is anything good about this man you need to educate yourself

[@357Anthem]

@@melb6746 Did you read his testimony? I NEVER told Robhinhood, or any other brokerage to turn off the buy button. What did he specifically lie about?

[@kuyakoi3469]

Never knew that saving and investing your money in the stock market can cause one firm to collapse. So what should we do Ken? stop investing?

[@monsterboomer8051]

diversify

[@maxpow8035]

Has Kenny been getting high on his own supply? I work 80+ HOURS a week. I bought my AMC stocks with my pay check. I also have a pension too. I didn't make not one bad decision for Melvin Capital they shorted the stocks and over leveraged themselves not me. I bought my stocks for my future Kenny . You know your lying when you said retail is the cause of Melvin Capital going bankrupt. All I can say is another one bites the dust! Food for thought keep shorting and let's see who's next. Tell Melvin's CEO don't mess up other people's money then charge them more money to get whats left of their money back. I don't think any of you have a conscience. Remember there are consequences and repercussions for your actions Kenny.

[@dustinwoods1403]

Very well said. Screw all these ego fueled criminals.

[@nextchapter9270]

This man has a very manipulative behavior

[@IngridSkard]

Deliver the shares Ken!

[@Prima10ne]

This is a lesson on how to never accept blame. Thanks for covering this bloomberg, but you should have him in handcuffs next time.

[@joshbarrington517]

Thanks algorithm’s for showing us now

[@DigitalMadrigal]

Venture capital firms are where newly printed dollars end up. Without the money printer, venture capital will he smaller. Much smaller.

[@hamadalraeesi3214]

Citadel is a hedge fund though not VC

[@dannycantrell05]

I received not a single dime from the Government Kenny and I'm holding strong. Let me know when you're ready to buy my "meme" shares. David Hwang says hello.

[@rrrut2773]

🤣🤣

[@daleholmgren6078]

Ken Griffin knows stagflation is on the way, and it's going to be painful.

[@nataliaperez9954]

Him covering WILL be painful...you are correct.

[@stardust6004]

@@nataliaperez9954 yeah but only for him

[@nataliaperez9954]

@@stardust6004 💯

[@navketan1965]

Sir, IF support/resistance levels on 2 different time frames are the same level (example daily & 4H or 4H & 1H charts) does it mean that such S/R level is more likely to hold? Institutions work with daily & 4H charts--so these levels should carry more weights.For price action at S/R level which chart is better--15 minute OR 5 minute.Any suggestions,ideas? AND Sir, I Thank you.

[@cryptobizmo]

What major short positions does Citadel have open right now and for how much? That would be nice to know. Is there a way to look it up?

[@ninjam4stertkd]

The only thing we know for sure is that one or more of these large hedge funds is way over leveraged. We are about to find which ones are very soon when the market will drop by 10%+ in a single day when the hedge fund(s) goes belly up. I think citadel will pay dearly but not be one of the hedge funds that goes belly up.

[@cryptobizmo]

@@ninjam4stertkd you think they have long positions opened with leverage? I guess this was before the fed raised the interest rate?

[@bernie4366]

Ken Griffin overshorts and undervalues a stock, then doubles down on the idiocy out of sheer bitterness and revenge. Blames Reddit. They're so used to stealing they feel like anyone who fights back is the bad guy.

[@joythought]

I agree that was the least self-perceptive moment. Complaining that Reddit was blowing up teacher pensions. Wah, let me win my short. But I thought the rest of the interview was good and he shared a lot of perceptive answers. Interesting to see if his contrarian bet that a recession won't happen actually comes to pass. Hope he's right but it doesn't look like that.

[@kenlay6004]

I think he probably plumps them up first like I doy girlfriends ..

[@GramOfMayo]

"markets are well behaved well structured" you mean well manipulated & runs on algos to try to reap as much money as possible from investors? Ken you don't sound too confident anymore. You're so silly.

[@ramondrpp]

To think that, there are innocent people being killed in Ukraine, yet, this guy is still walking out there.

[@martinandersson9712]

You don't think Griffin already has a finger in the play regarding war in Ukraine? I'm CERTAIN of it!

[@DKK]

Bravo!

[@tim0motyahoo]

People hate working from home ? And there ok with going in ……?! This guy is so removed from regular Americans

[@scott7521]

I NEVER want to go back to an office again. Stop trying to convince people that it's good. We all know it sucks.

[@t-point7569]

You right. They taught you to go to collage get a degree and work for the rest of your life in debt and depression

[@patriciavasquez8856]

Ken, well trained teachers will take care of students and there success. That is why we put teachers first. Administrators coordinate, buy$spend on classroom, lunchroom, recreation and pride. This is a bridge to hardworking parents... self-employed, employed or undergoing training. We know parents learn alongside their kids.

[@IsaidQUIETnHERE]

I buy, I hold. It costs me nothing. *Gimme your milkshake kenny*

[@jeromep4898]

I bought and held in 1987, the 90's financial crisis, 2000 dotcom bust, the 2008 GFC, the 2020 COVID meltdown, and I'm starting to buy again now. Today, I have so much long (and short) term capital gains that selling almost anything I have would be a huge tax hit. You'll never pick the bottom or the top consistently. Even if you so occasionally the trading cost and taxes will erode your performance back to, and likely below, holding a well diversified portfolio of quality US and foreign stocks (and a few bonds).

[@brendenellasfunadventures4186]

He lost retaio win period . Blaming retail is stupid his guy gave messed up shorting GameStop

[@windycitybeats6724]

Why would he want retail to stop trading? Citadel buys order flow data from brokers, its like playing poker and always knowing the other guys cards lmao

[@franciscovasquez6566]

Wow, redditors live in his mind rent free. He literally admitted that he goes to wsb. Also blames them for destroying teachers pensions.

[@wanderingfido]

13:04 'I am very good at this!' --Bill Murray in Ground Hog Day 🤭😏

[@samsquamptch]

hopefully the citadel interns read the changing winds and realize that they're on the wrong side. any broker in any sector is a fancy name for a middle man. he brings nothing to the table, but walks away with 20b dollars last year. these evil leeches are why we are not as advanced as a society and constantly bickering

[@samsquamptch]

And I speak on broker's in a generality because i am a broker just not of stocks

[@nelmar9905]

Agreed, nor do bankers. Speaking as a prior business relationship banker.

[@supaflydann]

Brilliant interview. He nails it.

[@ryangreen3332]

The secret sauce you ask?... Crime

[@thouyang9314]

Did he say the "families in the lower quartile income are going to make some tough decisions on consumption tradeoff" --- what kind of trade offs can a low income family make?

[@antthonypowell]

Less people with jobs because companies can’t afford to hire. More jobs requiring more, increasing pay per hour but adding more hats to the position. And with that, the inflation wipes out the raise, hence more work with no pay.

[@christianpulisic2703]

This man has done more for Ukraine than he has for his own country. How about actually helping the people who are paying taxes. “His palms are sweaty, knees weak, arms are heavy, there’s vomit on his sweater already: mom’s spaghetti”

[@uku7883]

Imagine paying bloomberg to inverview him for 45 mins saying nothing

[@rua999rua999]

Here for the Ken Griffin comments 😂😂😂😂

[@kcharms69]

I love the way everytime the heavy questions are ask and the retail investors/ meme stock mentioned,he sips water or gasp..😁🤔

[@Txstock]

awe poor guy... I feel so sorry for him. While most of us are trying to figure out day to day how to make it, this guy is in his expensive car and living in his expensive home.. crying on here that someone else created the problem?

[@dustinwoods1403]

It's funny because all that's true except for the fact that these crooks are the ones to actually blame. Not retail lmao they made a horrific bet and decided to double down instead of cutting their losses and Melvin capital got burned. Maybe next time don't gamble with people's retirement and pensions and we won't have that problem anymore. Haha same with Ken here. He's SOO overleverged right now with amc and probably gme also like it's not even funny. When this market implodes this dudes firm is dust.

[@ayveelrobinson5225]

Energy prices are high due to corporate greed. I know it would be sinful to say that Ken, but you know it is the truth.

[@yuhhhhhhhhh8240]

You heard about the Russian sanctions right ?...

[@ayveelrobinson5225]

@@yuhhhhhhhhh8240 yeah I have. Still has nothing no to do with high energy prices. We are a net exporter. Meaning we send oil out of this country. We don’t have to, but corporations choose to.

[@justalittlewine1952]

Everyone is an expert on things they have no experience with...What does KEN GRIFFIN know about teaching and the roles the union play??? I was harassed by my principal and passed over for a position to someone less qualified because the principal wanted a "YES" person to do her evil and also that person was her friend. Thank GOD there was a union to prevent her from going too far..she got away with a lot but I was able to just retire because the stress was too much. And for the retail investment situation, why didn't Ken Griffin mention how he is taking people's money by MANIPULATING stocks. It is because of GREED why Melvin Capital had to shut down. They were BETTING heavily to put Game Stop out of business. That was just karma that they went before Game Stop. A lot of the retail investors he is claiming to be responsible for teachers funds lost money also; so where did the money go?? Maybe instead of buying all of those houses HE DOES NOT NEED, he could help save the retirement funds.

[@mr.k7990]

Do you know what is happening in the stock market?

[@melb6746]

@@mr.k7990 clearly they do. Do YOU know what's going on?

[@mr.k7990]

At least stock maket is corrupted and the prices are manipulated.

[@alg0rithm1]

Why are teachers' pensions investing in hyper speculative hedge funds? It's on them.

[@mutantryeff]

If the US Govt was limited to spending 6% of the GDP, that would keep them out of debt and force them to promote building the economy

[@eighty5ive]

that exact number sounds like it accounts for variable changes over time perfectly.

[@oglordzero4535]

There would be a 24 percent reduction in GDP.

[@sulymansweity9286]

Citadel LLC trailed the S&P 500 in 2021, returning 26.3% to the market's 29%. Citadel charges as much as 5% or more of the fund's assets every year, in addition to 20% of all gains. These fees are among the highest of any investment fund

[@rubenlopez4080]

Its not about the return, you have to factor in Risk! Risk adjusted return. You can go to the casino get a 50% but the risk you took its massive. If they hedge their positions a and have a low beta 26.3% its incredible good. Keep in mind they do have short positions protect downside you have to put a massive premium on that safety.

[@kennethmoore-cq7bj]

You know nothing!Citadel is up 15% this year in a down market thats what people pay for!During the 40% Covid decline their fund never went negative and if you invested 1 million dollars in Citadel at its inception in 1992 you would have 250 million sitting in your account after fees and their fee is not 5% its 2%.Pays to know the facts before you open your mouth!

[@atk97]

Don’t worry, you don’t need to invest in the fund 😀…and one who invest millions know better than you

[@checkdown3774]

Mr Griffin, what do you think about green energy? "Its bullshit." Finally someone said it.

[@Humptydumps]

Bros providing the greatest volatility ever put some respek on king Kenny 🤴

[@loudboomboom]

He’s wrong on remote work. If you compare a centralized company where everyone is in the same environment every day, eating from the same go-to restaurants, etc. to a company with people in all environments and cultures, the latter will bring more nuance to the table. Period.

[@mikeangelo1725]

They never closed their positions. It bothered him so much that he had to bring it up the second time to try and sling mud... 🤡

[@navketan1965]

Sir, Do you use or recommend auto support/resistance indicator & if so what time frame S/R levels to execute intraday(but not day trading) orders in forex. For What time frames S/R--I would think it should be 1H or 4H time frame S/R. One hour is short enough but still meaning full enough data--and it it better to use 15 minute chart to watch price action at A given S/R(BECAUSE 5 MINUTE CANDLES GIVE TOO MANY FALSE SIGNALS) ?. If S/R level appears on more than one time frame, that level becomes even more RELAVANT.? Say daily trend was up overall(prices marked up now)-- but daily candle now is down over last 2 days or so--- then look for resistance on 4H chart & go short--here 4H resistance level would be A good level (It has decent load of useful data--even institutions/bog boys)-- Sir, I seek your comments/wisdom. And I Thank you.

[@nelmar9905]

I wish asked about PFOF. I would love some clarity from the man himself.

[@metalwork955]

They still don't see their fellow human beings as the the best investment. Working because we can, from working because we have to, is MASSIVE improvement for all. Ken repeatedly refers to us as consumers.

[@small_blue_bird]

This guy made some great points on a lot of topics, but when he was pearl clutching, saying: "great, you wiped out the pension plan of a teacher, you didn't take Gabe's money 😪", where's the accountability for Melvin and Gabe Plotkin who took peoples life and retirement savings and put it in jeopardy by taking on inhuman levels of risk. Embarrassing crocodile tears, and apparently they didn't take his money? As if he wasn't charging a heafty fee to gamble peoples hard earned dollars away in Melvin.

[@cryptobizmo]

So they majorly shorted the market yesterday?

[@iward940]

Every day out of jail is a great day for Ken.

[@ballerbf]

“We don’t know what causes recessions” -Ken Griffin 2022 💩💩 if I’ve ever heard it. So you’re telling me you don’t know that investment banks and financial institutions over leveraging then taking major losses that lead to liquidity issues, DOESN’T cause recessions? Oh….ok 🤡

[@jamesonburgess5079]

no man, that didn't happen in 2008. there aren't books, movies, college classes that talk about that stuff. its all a mystery. (all of this is said sarcastically)

[@kingpin2039]

The secret for Citadel is Dark Pools and PFOF, payment for order flow. AMCNOTLEAVING

[@Redwrx20]

Melvin shouldn't have shorted like they did .. they lost those funds .. not retail,, , whatchu smoking kenny boy ?!?!

[@ncberz11]

Capital trying to defend Capital

[@zwriter3658]

"I dont have a Crystal ball" I break the crystal ball lol

[@jordanbautista7758]

We need a list of companies hiring and the positions available. In my opinion it seems like there’s a lack of skillset.

[@RiverReeves23]

The goal was to save AMC, not to bankrupt Melvin.

[@scottmcnally8412]

NOW IT IS TO BE SO FUCKING RICH

[@anonsurf6640]

The world has moved on from having to work in the office. Better work environment is achieved when you encourage flexibility. It's nice to be at office sometimes to build relationships and collaborate little closely. But being forced back in office even when the work being performed can be done at home easily is nonsensical in this day and age.

[@rd9102]

LOL, that's not how the real world works. Companies know you don't just "work" when you are at home, they know there is a LOT more going on than "work". A hybrid model is possible with some give and take but companies will not let go of control because there will be far too much abuse.

[@anonsurf6640]

@@rd9102 well, which environment would you prefer? There is a shortage of good workers. For companies to retain top talent, they will have to adjust. This is already happening especially for tech workers. Take Airbnb for example. Of course, many still need to be at work depending on the type of work. But with demand, more tools will be invented to enable remote work for more industries.

[@dictionary323]

24:24 - Gamestop

[@jordanjackson7171]

excellent interviewer