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Frameworks over forecasts
Citadel rugged Leopold.
Fund was up 439% through June. One brutal month and got margin called margin called. Citadel bought the entire public equity book on July 30. And unwound 80% of that book in Aug for fat profits.
This weekend - Dario Amodei, Sam Altman and Elon Musk all calling for a slowdown in AI development. Three people who have never agreed on anything suddenly on the same page.
They're about to Margin call a lot of people this time.
Almost feels like it is planned.