Citadel

“Citadel unwinds 80% of Leopold Aschenbrenner's four-soul book. I'm like, man, never fight with Ken Griffin.”

“Absolutely right on the trend and remains to date right on the trend. In other words, the data just last week about CapEx absolutely supports his memo. So conceptually right on the trend and then absolutely wrong on portfolio construction. If you accumulate a portfolio of high volatility stocks with 4X leverage, the math makes it clear your probability of getting wiped out once is just very high.”