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1970-01-01
on Sept 21, 2023
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Alameda lost tens of millions because of a fat fin...
>The tricky thing about risk is that it's usually invisible, right up until it comes around and bites you in the ass.
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vgatherps
on Sept 21, 2023
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Invisible can equally mean “actually invisible” but often means “we told the people shouting and screaming about this risk to shut up”
cwalv
on Sept 21, 2023
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> we had sanity checks in place to make sure that the orders being sent were reasonable relative to current market prices. Not so for manual trades, which were by nature discretionary.
I guess we have different definitions of "invisible"
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