122: Doug Cifu – Virtu: Hitting Singles All Day Long—On a Global Scale
Chat With Traders
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The Law of Large Numbers and Virtue
Vertu is a hedge fund based in New York. The firm makes money by trading more than 800,000 times a day. A professor of Astrophysics said Vertu shouldn't lose money unless they go down or have a blowout. "This is just the law of large numbers," he says.
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