177: Sam Bankman-Fried – Leaving Wall Street, Entering Crypto Chaos
Chat With Traders
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The Differences Between Model Driven Trading and Disdiscretionary Trading
Almost all of our volume is done by automated systems, but they're automated systems with heavy amounts of real time manual input. So we have quantitative traders 24 seven, monitoring all of our trades and adjusting parameters. And rather than thinking about our automated systems as some sort of like brilliant black box that can outsmart all humans or anything like that, we think of them as like a really dumb human that can do a hundred thousand things at once almost.
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