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Secret of the Investment Monster That Survived 30 Years: Ken Griffin Citadel. What do you think is the most difficult thing about investing? Finding good stocks or making high returns . Many people think this way. The best investors who know which stocks to buy to make money ask a slightly different question.
How will I survive when I'm wrong ? The person I am introducing today is Ken Griffin. He is the founder of Stadel, one of the world's most powerful hedge funds . However, the surprising thing is that he was not someone with massive capital from the beginning . It started in a small dormitory room at Harvard University in the United States .
In the late 1980s, there was a student at Harvard University . That student was a little different from others. While his friends were enjoying college life, he was analyzing stock market data. At that time, it was not an era where you could easily check stock prices on a smartphone like you can today .
So, to obtain market information faster, he personally installed equipment and collected data. The student's name is Ken Griffin. There was only one thing he considered important. Investing is a game of information and analysis, not intuition . Many people think of stocks this way: " I saw this news, so it looks like it will go up." However, Ken Griffin thought differently.
I thought that while the stock market appears to be driven by emotion, there is a vast amount of data and patterns within it. So, he tried to create a system that analyzes data, rather than simply being someone who picks stocks well . And in 1990, 22-year-old Ken Griffin founded Star Team. It was a small investment company at first.
However, his approach was different from existing investment companies . Investment firms usually hire many stock experts. However, the Citadel was a little special. We started bringing in mathematicians, statisticians, computer scientists, and physicists. Why did that happen? This is because the stock market is viewed as a matter of probability rather than intuition .
Let me give you a simple example. When you toss a coin once, you don't know if it will come out heads or tails. However, if you throw it thousands or tens of thousands of times, you can see a pattern to some extent. Stadel views the market in a similar way . I am not trying to finish the future 100% .
It is to find a slightly higher probability and repeatedly utilize that probability . This is the Quan method. Simply put, it is an investment based on numbers, not feelings . So, how does Sidel utilize data? Individual investors usually watch the news. Nvidia's performance is good. Interest rates are going down.
AI is growing. I make a judgment based on this information . However, places like the Citadel show much more. We make decisions by connecting a vast amount of information, including stock price movements, trading volume, the options market, interest rate changes, global economic trends, and corporate performance data .
If we are watching a scene from a movie, then Sidel is similar to analyzing the entire script. However, the Citadel's biggest secret is not just data. The part that impressed me the most was risk management. Many investors think this way. How much can I earn? However, successful investors think this way first.
How early would it be if I were wrong? This difference is really important. For example, the reason we wear seat belts when driving is not because we think an accident is inevitable. It is to prepare for unforeseen situations. The same goes for investment. Good investors always consider the worst-case scenario.
Ken Griffin also went through numerous crises . In particular, the 2008 financial crisis was an event that shook financial companies around the world . Numerous companies have collapsed. Stars also faced great difficulties. But I survived . Why is that? It is not because I have never been wrong. This is because we created a system that can withstand mistakes.
There is something we can learn here. The most dangerous person in investing is the one who believes they are always right. This is because they are unable to respond when a situation different from what was expected arises. Conversely, the person who survives the longest is the one who admits that their thoughts might be wrong .
To summarize the secret to Griffin's success, there are three points. I trusted the data more than the first one . Secondly, I kept changing without fixating on a single method. We managed risk before the third profit . Many people think this way when looking at successful investors . That person probably succeeded because they are a genius.
However, if you look at Ken Griffin's story, it is a little different. He had genius abilities, but what was more important was that he created a good system . A system that asks good questions, gathers good people, and operates on principles rather than emotions . That was the power that allowed the Shita team to survive for 30 years.
Lastly, I would like you to remember just one thing today . The strongest person in investing is not the one who finishes the future perfectly . I am someone who is prepared to survive even if the future differs from expectations. The biggest lesson Ken Griffin showed. Success is not the power of prediction, but the power of survival . If you found today's video helpful, please like and subscribe. thank you
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