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Ken Griffin made $30 billion from this

Ken Griffin made $30 billion from this

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"Enron was the largest energy trading firm in the United States and they blew apart in a spectacular way in 2001. The day they filed for bankruptcy I chartered a Gulfstream jet and sent 16 people to Houston. And all we did was interview people at Enron for several days. [To find out] What worked, what didn't work, how they made money, how they ran the business, what the competitive advantages were. Now the great part about this story is I hired the entire leadership of the quantitative research effort at Enron. All the people that knew how the place worked. We've made $30 billion in commodities since then." There are a ton of unbelievably amazing stories like this in the Founders Podcast episode on Ken Griffin! Tap the link to the full video!

Segments Timeline

1
0:00 - 0:18
0:18 duration59 words

360° Perspective on Energy Trading

Ken Griffin discusses Citadel's comprehensive approach to understanding the energy trading industry by interviewing everyone involved in the trading operations at Enron. This 360° perspective allowed them to grasp the business's competitive edge, identify top employees, and build a successful framework for entering the energy market.

"Citadel interviewed everyone in the trading operation at all functions and all levels. Interview everyone and you get a 360°ree perspective of the industry, how the business makes money, its competiti..."