Citadel Exec Has No Idea What Michael Lewis Is Talking About

Michael Lewis produced a top-selling book by arguing that the U.S. stock market is rigged. To one of hedge-fund operator Citadel LLC’s top executives, small investors have never been more fortunate. “It’s one of the few markets in the world where the little guy gets a better deal than the big guy,” Jamil Nazarali, the head of Citadel Execution Services, said yesterday during a panel discussion at the Milken Institute Global Conference in Beverly Hills, California. “Things are much better today than they were 10 to 15 years ago.” [Bloomberg]

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5 Responses to “Citadel Exec Has No Idea What Michael Lewis Is Talking About”

  1. C. Gasparino says:

    Jimmy Nazarali is a friend of mine.

  2. Guest says:

    You just keep repeating that, Kemosabe. The mantra will be helpful in the defence of the lawsuit.

  3. BNP Scarf Quant says:

    HFT does not impact people buying 500 shares or whatever in their PA. Michael Lewis is an asshat, pure and simple. he knows how to market himself you have to give him that.

  4. guest says:

    "And things will be better tomorrow than they are today, but yesterday will always be better than tomorrow yet not quite as good as today."

  5. Crazy idea says:

    does Michael Lewis have an investment in Enhorn's hedge fund ?