It’s good to be able to afford to lose $460 million on a Reddit-driven short squeeze if, in fact, you are going to lose $460 million on a Reddit-driven short-squeeze.
Throwing $1 million every year for a decade at Harvard, Stanford, Yale and Princeton, but giving only half that to Brown and Columbia? That's just solid asset management.
PRO TIP: If you're going to reappoint an esteemed female investor to the all-male leadership of your hedge fund at a pivotal cultural moment, at least pretend she's going to do it full-time.
D.E. Shaw is still spending its days aggressively worrying that it's just another hedge fund full of hedge fund types.
"Yo FINRA! The quants, the MBAs, the painters and the novelists? They alllllllll be fuckin!"
Daniel Michalow admits to being an asshole, but he also wants David Shaw to know that erryone at DE Shaw be f@ckin.
Oh, you didn't make $12.94 billion? That's unfortunate.
Scratch that. It was a triflin' $11.62 billion. They can't even scrape together the money for the 'g'.