You know Citadel.

Citadel is huge, right?

They're large firm.

And Ken Griffin, yeah.

So large, they do all kinds of investing, right, from what I know.

So this one guy, he worked at Enron.

This guy, John Arnold.

So basically, the story with Ken Griffin is this. So he said, look, there's a fun Citadel story

that demonstrates this approach, which Ken Griffin shared during his talk when Enron filed for

bankruptcy. So he said, when Enron filed for bankruptcy, Ken Griffin, I chartered a Gulfstream

jet, put 16 people on it to Houston. and all we did was interview people at Enron

for several days to understand what worked, what didn't work, how they made money, how they ran the

business, what the competitive advantages were. I hired the entire leadership of the quant

research effort at Enron. UBS bought the business except for the research team. We've made

$30 billion in commodities since then. UBS bought the business except for the research team. We've made $30 billion in commodities

since then. UBS shut the business down. In this case, Ken saw that the quant research strategies

and talent at Enron had staying power, and others likely did not. UBS probably didn't do this work

and it cost them. So this guy responds. This guy was one of their traders. He's like, can confirm.

He's like, I was the head trader at Enron when it filed for bankruptcy. I received many calls from firms that were recruiting. I was busy trying to close out the

trading book and wanted to take some time to decide my futures. But Citadel was by far the

most aggressive. Other companies set up interviews with Enron's senior people. Citadel interviewed seemingly

everyone in the trading operations, all function at all level. Let me speed this up a little bit.

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