Post by @gigaqian

The most expensive wedding crash in Wall Street history comes with a brutal, ironic lesson! Imagine making 439% returns in 6 months, planning your wedding for this weekend, and then losing over $10B worth of assets on a Thursday morning margin call. Former OpenAI wunderkind Leopold Aschenbrenner just learned the hardest rule of trading: being 100% right about the future doesn’t mean a thing if you can’t survive today’s margin requirements. Ken Griffin’s Citadel stepped in to buy the bottom, securing the ultimate deal. It’s interesting how specialized knowledge can attract so much capital. At the end of the day, poker rules still apply! #citadel #situationalawareness #lifelesson #finance #gigaqian