WHAT WORKED FOR HIM

• Utilised growing trading volumes of Bitcoin to earn significant arbitrage
• Kimchi Premium – arbitrage opportunity he exploited in South Korean markets
• Bitcoin was sold at 50% mark-ups from USA to South Korean exchanges
• Explored a similar opportunity in Japan

Making literally 10% per weekday, which is just absolutely insane

-This Guy

CAREER

• Worked as a Trader at Jane Street Capital and designed their OTC trading system
• Founded cryptocurrency trading firm “Alameda Research” in 2017
• Alameda Research runs over $1 billion in digital assets and trades $1-10 billion per day across thousands of products
• In 2019, founded FTX, the fourth largest global cryptocurrency exchange based outside of China
• In 2021, founded Serum, a decentralized exchange and an ecosystem that brings a high speed and low transaction costs to decentralized finance (DeFi)

VALUES

• Believes in making as much money as possible and then donating it 
• Company’s goal is to donate to the world’s best charities
• FTX is associated with GiveWell, The Humane League, and OpenAI
• The most consequential contributor to groups supporting Joe Biden which helped him become the president of the United States

QUIRKS

• Loves to play League of Legends (online video game) and is “(in)famous for playing League of Legends while on phone calls”

Is a billionaire but sleeps in a bean bag chair most nights next to his PC in the office because “one side advantage of the bean bags: if I sleep in the office, my mind stays in work mode, and I don’t have to reload everything the next day”