Why doesn’t Ken Griffin just stop shorting? Is he stupid?

Late stage Ponzi. Gotta keep shorting to get money to pay debts. However you also have to show force and profit or lose your stakeholders. If he suddenly tried to go legit he'd be more than 100% below the break line. His debts outweigh his assets fivefold. So then his stakeholders pull out bank-run style, and he has no money to give them. Company is scuttled for parts, Ken gets liquidated for civil tory, and then he goes to jail. All he can do is keep shorting with left hand and flashing 16B in his right hand. That "one more day" line was the most honest he's ever been, because eventually it MUST fall... but he can avoid it falling today. Maybe tomorrow too. Maybe. One day that won't be true and he knows it.

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