Ken Griffin is the hedge Fund Manager of Citadel LLC, one of the most controversial & newsworthy hedge funds in recent times. Griffin has a net worth of approximately $21 Billion according to Forbes.
Citadels investment strategy focuses upon quantitative analysis, fundamental research, and experienced judgment.
Investing Strategy: Hedge Fund, Quantitative.
How did Ken Griffin Make his Money?
Ken Griffin is the founder and CEO of Citadel, a hedge fund with approximately $39 Billion in assets under management.
Griffin setup his own trading centre from his Harvard dorm room in 1987. He setup up a phone, fax machine & even put a satellite dish on the roof to get real-time stock quotes.
Three years later in 1990 he officially setup Citadel the hedge fund and is currently an 85% owner.
Ken Griffin & Gamestop
During the Gamestop Stock Rampage of 2021 & subsequent trading halt by the popular brokerage Robinhood.
Citadel and Ken Griffin were automatically linked to the ceased trading, this resulted in a wave of negative press and provocative memes targeted at Ken Griffin from many reddit retail investors.
However, Citadel securities denied the allegations by Meme stock traders, they stated:
“Citadel Securities never requested, intimated, agreed or otherwise sought to limit or to restrict the trading of such securities”
In addition, Robinhood CEO Vlad Tenev had also denied the hedge funds involvement, they stated. “We don’t answer to hedge funds.”
Top 9 Investing Quotes
1. Ignore Conspiracy Theories
“If I ran my business with the insane possibility of a conspiracy theory occurring at anytime I would have no business” – Ken Griffin (Citadel)
We live in a society where conspiracy theories are common & abundant. Of course some may be correct and I am not stating either case for the Citadel/gamestop issue, but there is also alot of false news around.
The trick with investing success is to sort the signal from the noise.
2. Improvise
“I set up my own trading center in my dorm room, with a computer, fax machine & telephone” – Ken Griffin (Billionaire Investor)
In life, things may not always be perfect thus improvising & using what you have can get you 90% of the way towards your goal. Most people limit themselves before the world limits them.
3. Blockchain is an interesting technology
“Blockchain is a very interesting technology that will have profound applications for society over years to come” – Ken Griffin (Billionaire Investor).
There is no doubt Blockchain has some incredible applications from Cryptocurrency to smart contracts. Many believe Blockchain to be the next major technological revolution, only time will tell.
4. Do your Research
“The Key to our business it’s alot of research” – Ken Griffin (Citadel) .
To invest into a great stock doing your research on the company is vital, from understanding it’s business model to financials.
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5. Be Competitive
“It’s a winner take all world, it’s important for me to be number one” – Ken Griffin (Hedge Fund CEO).
Be competitive, as Billionaire Shark Tank Investor Mark Cuban says “Business is the ultimate sport” he goes onto say,
“It isn’t just a 90 minute game, it’s 24 hours per day, 365 days per year…you take your foot of the gas and some kid in south Korea will beat you”
6. Understand Businesses Cold
“The Heart of our Business is stock Selection, really understanding the businesses we invest into cold” – Ken Griffin (Citadel)
Understanding a business “Cold” is a great phrase. This means ignoring the emotion of the market & understanding a business fundamentally before investing.
7. Manufacture Money
“Business is Business, I don’t manufacture cars, but we do manufacture money” – Ken Griffin (Billionaire)
Hedge Funds is the ultimate “money game” the businesses don’t really add much value to society but you can’t doubt their returns.
8. Focused Portfolio
“We think that excellence in investing comes from Focus” – Ken Griffin (Citadel)
Excellence in everything in life comes from Focus. When you focus you channel your energies like a laser which can be very powerful.
With regards to investing many Business schools talk about “diversification” but surprisingly many great investors actually believe more in having a focused portfolio.
As it is impossible to know everything about everything, thus focus can be very useful.
9. Have Fun Problem Solving
“What makes it fun is I like solving problems”
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Ken Griffin Quotes Gallery