https://www.axios.com/hedge-fund-titans-lesson-from-the-financial-crisis-1513304022-3ba8fbe4-3931-430f-84b7-0fb6d92eb178.html
Dan Primack Jul 6
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Hedge fund titan's lesson from the financial crisis
Ken Griffin, founder and CEO of hedge fund giant Citadel, told Institutional Investor in a video interview that his firm's massive losses during the financial crisis were "incredibly humiliating" and caused by an over-leveraged balance sheet:
Don't act like a bank, unless you are a bank. That was a really big lesson learned from 2008.