this isn't the first time on a thread where you have suggested throwing the book against a purported law- breaker. in your own life, you best make sure that you are like Caesar's wife, above suspicion. any entanglement with the legal system may quickly change your attitude.
according to your logic he will be out the next day, because programs are constantly tweaked and updated.
Yes. I don't understand that part either. If it were me, as good and as arrogant as they said, I don't need the other codes.
Ke Xu is a math prodigy not a professional thief. therefore he was bound to make mistakes,. his bad luck was being involved with a tenacious co. with the resources to pursue him for his actions.
I agree with people who say that he didn’t need to steal anything and could’ve just put some work to develop and re-develop various algos. Though perhaps he was the author of some great algos and felt they belong to him - but that’s still theft. IMHO he should simply return all the computers and IP that he stole, which would set him free. As for shelf-life of algos, there are definitely some algos that can last for decades, as well as some old algos can be repurposed and reoptimkzed. Sometimes it’s not even the algo but the approach/methodology of coming up with algos. So he is still set for life if/when he simply gets back to working on those.
Agreed. If he wasn't satisfied with the pay, he should've just left for another firm or actually go into business on his own, to start his own quant trading firm. But the problem with nerds is that they are too dedicated and concentrated on perfecting their tasks that they are completely at loss of how to manage their lives so they become dependant on others while they concentrate on doing what they been assigned to do. But what I am really puzzled at is why did he choose to copy others' codes. I can understand that at first he might be curious as to what others have been up to but then after that, why did he choose to copy the codes onto his disks and computers and actually took the computers with him. That part, I don't get. I mean he's a math prodigy with coding skills, he can come up with codes himself. Why did he feel he has a need to get these codes and take them with him? His codes should be superior than others. His could code at G-Research, he could certainly code in his new place. Those other 5 quants who left G-Research earlier didn't have to take anything with them and they are very successful at their new company that they founded on their own. Xu could very well be like them.
Not sure if you guys read all of it or not. He could no longer come up with good alpha, so started stealing from others by decompiling their code.