That’s an amazing article. It sounds like the he’s never heard of the kelly criterion, just makes massive bet after massive bet and then blows up. He does have ~1 billion more than me even after this mess, so maybe it all worked out.
Perhaps not -- reportedly he has $650MM in debt and just filed for bankruptcy today.
Fascinating. Dude needed to crack open a Taleb book.
Given his business moves I wouldn't be surprised is all his personal debt is also collateralized by FTT. As wise Walter Sobchak would say: "Mark it zero!"