Hook

Their other posts in the index, biggest breakout first.
This guy just made $1.6 billion off this guy in a single day. So we should all know who this guy is by now, but if you don't, this is Leopold Arshber, a 24-year-old former researcher at OpenAI, who got fired in 2024 of a very leaked meme. Two months later, he published a 165 page essay called "Situational Awareness", which over night became required reading across Silicon Valley. He then started a hedge fund named after the essay, raised $225 billion and in two years turned into $45 billion. Betting early on AI chips, power and data centers. So this week, the market story is huge crash. After this guy, Ken Griffin, the founder and CEO of Citadel, worn that the Fed might surprise everyone with a rate hike. Leopard was running his fund at a 4x leverage. And his main positions in Neubleus, SK Hynix, Corve and Micron, all dropped between 35 and 47%. And so is brokers, Goldman, JP Morgan and Bank of America, pulled the trigger and margin called them. This is the part where Ken steps in. Citadel offers to buy Lehman's entire public book for $16 billion. And they do in a single block trade before market open. The financial times reported that he got a 10% discount below market value. And by the time the US settled, situation awareness went from a $45 billion fund to a $10 billion fund over night. And guess what, the Fed never hit rates. And the exact stocks that Ken bought off Lockheed, bounced 20 to 30% the very next day. So just to be clear, situation awareness isn't dead. They still hold a $5 billion stake in anti-opic along with a few other private AI positions. So the lesson here is, you can be completely right about absolutely everything in the market until you're not. And being right doesn't matter if you have shit risk management. Make sure to follow and send this to anyone who thinks that being right means you can't lose.