It doesn't seem so brazen that 40 years of proprietary IP could have built something to scrape 0.00000x% of the value of something much bigger that's roughly but not exactly built on mathematical principles and is largely unexplored due to a relatively short life.
The "sovereign pump and dump" is interesting. Fund A is 20% of your assets and is "clean". Fund B raises the asset value of whatever A is invested in, and A monetizes. You could maybe even do this without the manager knowing. But it seems so crazy inefficient surely if you had a billion dollars this isn't the way you would do it.
It doesn't seem so brazen that 40 years of proprietary IP could have built something to scrape 0.00000x% of the value of something much bigger that's roughly but not exactly built on mathematical principles and is largely unexplored due to a relatively short life.
The "sovereign pump and dump" is interesting. Fund A is 20% of your assets and is "clean". Fund B raises the asset value of whatever A is invested in, and A monetizes. You could maybe even do this without the manager knowing. But it seems so crazy inefficient surely if you had a billion dollars this isn't the way you would do it.