Leopold Assbender's hedge fund, that bets on technologies required for ASI, got liquidated this week. Reportedly he was down about 30% on his positions and the fund employs 4-5X leverage.
>>109410040this is a /biz/ topuc, not a /g/ topic
Everyone is a genius trader in a bull market.
>>109410040so he didnt visit the right Synagogue or how I am supposed to interpret this? How did GME survive this.
>>109410040What kind of hedge fund strategy is this?
>>109410269hedging on having funds
It's all so tiresome.
isn’t this the dude married to an exec at Anthropic? isnt his genius really just insider trading
>>109410346You’re a jealous trans luddite
>>109410346see image above your post
is this the new sam bankman
>>109410309100% Germanic
>>109410040assbender is about to get stretched lamao>>109410309not so chosen after all.N.
>>109410309>>109410396looks like blonde altman in OP pic
>>109410054>topucNo that's >>>/mu/
>>109410040>it goes on until it doesn't
>>109410040Why didn't he hedge?
>>109410519too smart for that, it was unnecessary
lmao surprised nigga turned out to be such a degenhe made so much fucking money off memory
>>109410289lmao
>>109410040what a fucking chad. make others pay for your degenerate gambling.
>>109410346Insider knowledge is a legitimate part of a free market system that makes prices more accurate, chuddite.
>>109410777it doesnt because price is absed off perception of value, not intrinsic parametersits ALL a scam. theres nothing that can be justified or companies would trade at 10% of their market cap or less
>>109410802actuallyi take that backthere ARE companies that are traded at a realistic valuegm could be one.7 years to break even.that sounds plausible
It's over
>married to anthropic chief of staff>has insider knowledge>made a ton of risky doubling down bets and some huge shorts>blows up in his fucking face and now his entire portfolio has collapsed>supposed to be a genius but ended up just being another greedy idiot with too much money to throw around and too little self restraintThe rotating, never ending gauntlet of "this YOUNG person is akshually an AI/investing genius and look how much money hes making and basically hes better than you in every way" thing only for them to implode months later is genuinely becoming its own trope.Also this nigga is genuinely hideous. Look at his protruding face, jesus.
>>109410040based degen and based korea for cleaning his ass out
>>109410040I sure love when random guys make a lot of abstract currency by doing abstract things
>>109410040>degenerate gambler BTFOThe system is designed to take all degenerate gamblers funds.Play a game of skill like Poker instead.
>>109410040lmao, is this the same retard that literally believes lines in a graph must continue straight?
>>109410248The same thing happened to the hedge funds short selling GME (although the largest one got bought out by a bigger fund which is essentially the same thing as being liquidated.)
Citadel nuked SK to own Leopold
how does this work is citadel the new bagholder?
>>109413193Really what could go wrong having this kind of arrogance?
>>109411668This, but unironically.
>>109410040Wait did he use an AI model to make these bets or was he just guessing?
>>109413193This is one of the most asinine tweets I have ever seen
>>109413193The line before the 2023 cutoff doesn't even look like it's going diagonally up, it looks like it's gonna plateau at some point
>>109413193He's right, he was just overleveraged. It doesn't mean he's smart, but he's right that AGI will have been reached by end of 2027. It already pretty much as, it's only a question of compute and applying what we have correctly. Might not be ASI, but AGI, yes. And those who define AGI differently are idiots.
>>109410040If you don't have a goal on the amount of money you want, you'll lose it all eventually.
>>109414384he had a goal it was infinity money
>>109413389Why didn't he just make friends with trump?The president does insider trading
>>109410040>>109410427seems like his investment strategy was TOO GOOD TO BE TRUE
>>109410062yep
>>109410040He loves ai because it can make him look less jewish I'd bet
>>109410062He was shorting NVDIA
>>109410923The dip is as low as it can go, time to invest in the hedge fund
He was our Messiah, poor guy :(
>>109410040why did academic chanpion whiz kid get wiped out?
>>109418358Flew too close to the sun and got his ass cheeks burnt.
>>109410062It's just like gambling huh.
His wife looks like Owen Wilson.
>>109410923Well... he's going to jail kek.The first of many btw. Watch.Why tech giants didn't realise how big the inflation issue was to them is beyond me. They should have been saying:>well we need to stop this vicious cycle otherwise it'll impact EVERYONE's profits and eventually liquidity, causing a catastrophic market crashBut they just ignored it, kek.Too much cocaine.
>>109410040Cool. Hopefully he's eccentric enough that it makes for a kino documentary or at least good youtube slop.
>>109413193HAHAHAHAHAHAHAHSB
>>109418401lol
>>109411109I would not be surprised if he didn't even do a finance degree. This is like finance 101 tier finance nonsense.But what baffles me is that the people around him are in the same boat too. Heads of megacorps are doing the same shit. I think it's because people that do whistleblow are literally murdered nowadays so nobody can actually go "this is a bad idea" anymore. It's essentially a cult of finance at this point. People in finance on the outside have been screaming at this since the 70s. Every book I did at uni screamed "don't shit like this" and it just never got any attention clearly. Now we can see why. It can't get attention, that's bad publicity and you're a rat if you give it attention. I wouldn't be surprised if this cult of finance has been trying to kill professors for simply trying to warn them about the problems. These people are fucking insane and moral was so fucking low at uni because we began to realise this in the 10s, chasing the rabbit down the hole. It's not a simple finance issue. It's a cult issue at this stage. It looked like a cartel to me back then, but it's since developed into a monster. When people begin to care more about marketing than the finance, you have a problematic cult that is developing. People just didn't see this when we started to make these fields in business science.
>>109413193Wow, it's almost as biased as moore's law.Although I will admit that has some algorithmic component based on transistors and how they function or some shit that is more substantial.
>>109418401wow>>109418417Well Maddof got a movie didn't he?
>>109418401
>>109410040SALP sold off its AI-specific public holdings, but it still has non-AI stocks. Anyone know where to find what they're still holding?
>>109418460(((cult of finance)))But yeah, true.The real issue is that said cult has heavily intersected with AI, which at the top end is a real, already legitimate cult in its own right and not in a "do what we say or die" type of way but in a religious "we're changing the world and inventing our own god" type of way. The next century is going to be fucking hilarious.Just remember the winning move is to not play.
>>109418401she looks like his sister
>>109410309I don't think he's Jewish. That's just what Dutchmen look like
>>109413193>that editlmao
>>109410062spbp>>109410040unironic classic
>>10941110924 but researcher title, of course he was always a fraud
>>109414321you are too stupid to possess intelligence, let alone define it.
>>109421188dubs dubs of truth
>>109411109>>married to anthropic chief of staffbrehs im so fucking jealous REEE
>>109410062Is bull market in the room with us right now?
Hedge funds aught to be illegal.
>>109418791Is marrying a jewess mandatory for a goy to make it? Every one of Biden's kids, Trump's kids, etc et all.
>>109422671if your mum isn't a yid then you're not a kike, simple as
>>109410040why didnt he use AI to dig himself out of this hole
>>109410040Why didn't he use the martingale strategy?
Place gorrilian dollar betCoin flip comes up heads>He's a genius, legendary visionary, a prophetSecond coin flip come up tails>A legend laid low, is the ecnonmy in trouble? Why the markets conspired to take him down
>>109423162Lel
>>109413193Better order my cakes in bulk.
So his wealth now is basically solely held up by anthropic? Wonder what will happen when all of these AI companies finally IPO...
>>109423162Should have just cost average'd bro
>>109410309Yes anon, humans have nose.
The “man in the arena” copes on X are some of the juiciest I’ve seen in awhile
>>109421922Yes
>>109411125>degen
Reminder that this guy is still a multimillionaire from this and has now nice publicity to do other random bullshit.You guys don't comprehend Silicon Valley retardation, "making a name for yourself" is 99% of the success (unless you overdo it and go to jail like theranos woman)
>>109425300This. I hate americrap and crapitalism.
>>109411109I bet you think Abraham laughed at God too when he was asked to sacrifice Isaac.You'll never understand why we need to do this to our lambs. You don't do it and think you're so smart.Then you look at the outcomes and start whining. Just stay on your own path I guess.
>>109423610He's going to be filthy rich no matter which way the wind blows. Normies will be left holding the bag.
>>109425552Capitalism and America are responsible for everything great in your life, retard.
>>109413193He arrived at that conviction staring down his cock while having a piss, right? Maybe it's just video game logic? My god. And no friend to tell him to take down such a dumb tweet. Grim.
>>109414448He's too old to get special favors from Donny.
>>109418791>Avital>Av it all>Have it allyeah, thats a jewish name alright. She's not bad looking though.
>>109428244Name one thing.
>>1094285044chan, which is the only thing keeping you alive besides your parents goodwill.
>>1094292394chan was never great, and it is specifically crapitalism and americrap that enshitified it to its current state. Redd!t 10 years ago is better than today's 4chan, and that's dreadful.My parents are not american't.Check.Mate.
>>109429312Yet here you stand. Didn't say anything about American parents. You haven't even denied being in their basement, or depending on them.Sad as fuck, my dude.Checkmate.
>>109429469>make retarded statement>asked for proof>makes shit up>gets btfo>declares victory anywaychess_pigeon.jpgAmerilards will never recover from this.
>>109410040>Reportedly he was down about 30% on his positionsMust have lacked Situational Awareness
>>109429557CARLOS!!!!
>>109429557Oh no, tihi.
