Why was he unusual? (I didn't read the article.)
I read the entire article and I still don't know why they called him an "unusual billionaire".
The unsolved murder of an unusual billionaire
81–90 of 111 posts
Re: The unsolved murder of an unusual billionaire
#82Earlier quoted context omitted.
Of course it happens, less in USA and only because FBI will send 500 agents to find the killer. Killing a billionaire or a politician it's hard and risky but that only increases the price. Boom or bust
> FBI will send 500 agents to find the killer. Dont forget that during the peaceful protests of #occupywallstreet the American FBI drafted plans to assasinate every identifiable “leader” of the movement including majority of US citizens. Make no mistake, although some individual FBI agents may still be loyal to their country, as an agency the FBI is treasonous and has been bought and sold to the true power brokers of…
I don't understand why you'd choose to believe something like this. Assassinating the leaders of #occupywallstreet was simply unnecessary, hence why it didn't ever happen.
Re: The unsolved murder of an unusual billionaire
#83I am kind of surprised billionaires and CEOs don't order each others' killings more often. I was doing homework one night and the building next door's top 2 floors were blown up because some banker had a hit placed on his head. So perhaps I have pretty low expectations on what powerful people without morals can do.
It is indeed surprising because the profit motive is there and it is not limited to just rival billionaires. Any random guy with enough capital can short the company stock and then place a hit on the CEO. I would expect stuff like that to happen super often but I don't think I have even heard of one real case like this.
How does this theory fit when this company was privately held?
Re: The unsolved murder of an unusual billionaire
#84Earlier quoted context omitted.
> I was doing homework one night and the building next door's top 2 floors were blown up because some banker had a hit placed on his head... Wait. What? Did this really happen somewhere? (Sorry for the question if it's stupid, I just was unaware of all of this.)
> Did this really happen somewhere? It was in Eastern Europe. I was about 15 at the time based on remembering the friend I called after it happened. Assassinations were pretty common, granted not using bombs like that especially in a busy residential area.
> Did this really happen somewhere?
> was in Eastern Europe.
ah.
Re: The unsolved murder of an unusual billionaire
#85I wonder if he had spent more money on security, drivers, personal assistants, etc., whether that would have protected them more from unsavory people in their lives and these extra staff might have given the police more leads in the case. And why wouldn’t they have invested in better security and monitoring of their home? Crazy.
The lack of a serious security system is the craziest part of all of this imho. Not only were they extremely rich, but they splashed money all over the place in various charitable events and business dealings. It seems almost irresponsible to at the very least place a security camera system that monitors the grounds of the home and offices where they spent the most of their time.
Yeah, I was about to say that, but decided not to, since it sounds like victim blaming. But it is true, though: you can get a bloody Wyzecam ($25) which has motion alerts, etc.; put a dozen of them all around the house and you still come in under $500. Why would you not do this?
Maybe because it's Canada, and people have a reasonable expectation of not being robbery victims? I don't know.
Re: The unsolved murder of an unusual billionaire
#86Earlier quoted context omitted.
The problem is not the difficulty of the trade, the issue is that the SEC watches for people who profit off of unexpected events like this and unless you have a large track record of trading against companies it's going to put you right at the top of the suspect list. In your other comments you try to make it seem difficult but when you are in control of a hit at a specific time the risks can be heavily mitigated. Th…
Well that and you are scheduling a murder for hire at a specific time & also the price movements of a share price at a specific time. While also managing the risk of either of those times being off even a little & not accounting for the risks of the criminality of the trade. Let me make this easier for you. Pick a share price now. A range of share prices post news event. A % chance each of those prices happen given t…
>While also managing the risk of either of those times being off even a little
The correlation trade buys you a big enough window to easily coordinate that. We're not talking about seconds, more on the order of hours.
>not accounting for the risks of the criminality of the trade.
Yes, I already told you that.
>Let me make this easier for you. Pick a share price now. A range of share prices post news event. A % chance each of those prices happen given the outcome you know will happen and an optimal execution path. Show your work on the Greeks.
I'm not sure what your issue is. The trade is trivial and I already gave it to you. You can't assign percentage chances to the prices after the event because there isn't enough data on reactions to unexpected deaths to assign any meaningful volatility values to them.
There is no optimal execution path in an event like that because it's predicting the size of what will be an emotional reaction programmed into headline analysis traders. Headline hits, stock price dumps from automated trading, close position 5 mins later and be happy with the money you make.
> What happens when you add the risk pricing of “go to prison forever for being stupid” to the mix?
This is what I already told you the actual problem is. The trade is trivial to make money on but it's going to be impossible not to get caught unless you do something a lot more clever to have it hidden in someone's constant trading pattern of shorts. But the trade that makes money itself is trivial.
It's the same thing with any insider information really. If you know an announcement is going to come out at 10:00AM that a company is being investigated for fraud by the SEC, you just short it immediately before 10:00AM and then close the position 5 minutes after the headline or whatever. Any % chances you assign to various prices will be a meaningless exercise because price declines are all about the public's perception for that particular company.
Re: The unsolved murder of an unusual billionaire
#87I am kind of surprised billionaires and CEOs don't order each others' killings more often. I was doing homework one night and the building next door's top 2 floors were blown up because some banker had a hit placed on his head. So perhaps I have pretty low expectations on what powerful people without morals can do.
It is indeed surprising because the profit motive is there and it is not limited to just rival billionaires. Any random guy with enough capital can short the company stock and then place a hit on the CEO. I would expect stuff like that to happen super often but I don't think I have even heard of one real case like this.
Not a CEO, but the Borussia Dortmund bus attack with a bomb on the way to a Champions League game was made by a shorter. Certainly killing a few players would have made the stock fall a whole lot.
Re: The unsolved murder of an unusual billionaire
#88I am kind of surprised billionaires and CEOs don't order each others' killings more often. I was doing homework one night and the building next door's top 2 floors were blown up because some banker had a hit placed on his head. So perhaps I have pretty low expectations on what powerful people without morals can do.
erm...Osama was rich. His target was Wall St.
Re: The unsolved murder of an unusual billionaire
#89Earlier quoted context omitted.
Is the only thing holding you back from murder lack of funds? If not, why do you think billionaires are any different?
Large companies and those who run them can be both ruthless and amoral. I think it’s a mistake to think the average person’s intuition would apply here.
Beside moral grounds which you seem to give people little credit for, highly educated people who have been financially successful know how to make money by legal means. The risk benefit ratio is just not worth it particularly in a western country where the chances of getting away with murder are pretty slim (there aren’t many unsolved high profile murders).
Re: The unsolved murder of an unusual billionaire
#90Earlier quoted context omitted.
Large companies and those who run them can be both ruthless and amoral. I think it’s a mistake to think the average person’s intuition would apply here.
Beside moral grounds which you seem to give people little credit for, highly educated people who have been financially successful know how to make money by legal means. The risk benefit ratio is just not worth it particularly in a western country where the chances of getting away with murder are pretty slim (there aren’t many unsolved high profile murders).
I think you are right. As the return on passive market investments go down you should expect to see more of this as the “return” for extralegal tactics will proportionally rise.
That said, I think it’s fairly impossible to spot a successful murder as distinct from accident/natural causes. Consider the death of Michael Hastings. Do I think that was murder? Probably not, but there’s no way to firmly put that thought to bed either. It certainly wouldn’t be marked as an “unsolved murder”.