This chapter explores the unique attitude and skills required for high frequency trading on Wall Street. It discusses the rise of firms like Jane Street, Susquehanna, Cabo Citadel, and Virtu, and their dominance in establishing market prices and making significant profits. Proficiency in mathematics and an ability to handle chaotic environments are valued, while social skills are deemed unimportant.
Michael Lewis is the renowned author of bestselling nonfiction hits including Moneyball, The Big Short, Flash Boys and Liar’s Poker. His latest is his most anticipated book to date: Going Infinite: The Rise and Fall of a New Tycoon, a gripping, real-time narrative chronicling the enigmatic protagonist behind one of the most catastrophic financial meltdowns of the 21st century. This character is Sam Bankman-Fried, who became the world’s youngest billionaire before his thirtieth birthday. And Lewis is uniquely positioned to tell his story, having been granted unprecedented access by Bankman-Fried, allowing him to witness his entire tumultuous journey. Joining Lewis in conversation is our host the journalist and presenter Ritula Shah. This is the first of a three-part discussion.
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