Doc Waltshire Trades

Professional Trader. Free Market Capitalist.

[Linda Raschke @LindaRaschke]

Trading buddy's comment: "there have been only two positions for today: long and longer" ;-)

[Finding Compounders @F_Compounders]

A cover story on a young Ken Griffin

[Todd Spence @Todd_Spence]

When Will Ferrell and Jeff Goldblum went live with SNL's "Space: The Infinite Frontier with Harry Caray" sketch, the first part was scripted and on cue cards for both actors, but halfway through, Ferrell started improv'ing insane questions and you can see Goldblum holding on for dear life answering them 😂 I forget how good this era of SNL really was

[Investment Wisdom @InvestingCanons]

“In the stock market, the most important organ is the stomach, not the brain.”

— Peter Lynch

[Goshawk Trades @GoshawkTrades]

a 24-year-old ex-openai researcher ran a fund to $45 billion with eight people, was up 439% net through june, and by the end of july had sold his entire public stock portfolio to ken griffin in a single block trade.

griffin described this exact failure mode two years ago, asked why portfolio managers wash out at citadel:

"you have a portfolio that is extraordinarily highly concentrated, you have large positions, you cannot demonstrate a clear and concise competitive advantage in why you own those positions."

"and there are some people that just, with full information, are unable to help themselves and get to a better portfolio construction."

he was also asked the opposite question in the same interview, why citadel keeps working, his third and final answer was this:

"it's experience. it's the price paid in losses and pain that converts into wisdom. my leadership team, we've been through a lot of very difficult moments of the markets together. we've learned some very bitter lessons. but it makes us much more effective as investors in periods of turmoil and crisis."

citadel started in november 1990. situational awareness started in 2024, long AI infrastructure and short software at roughly 4x leverage. both legs went against it in the same three weeks.

there was no bitter lesson priced into that book yet.

that's what got bought.

he wasn't wrong about AI. he was wrong about the construction of his book.

[amit @amitisinvesting]

OH. MY. GOODNESS.

CITADEL HAS BOUGHT A MAJORITY OF THE PUBLIC ASSETS FROM LEOPOLD'S SITUATIONAL AWARENESS FUND.

So...Citadel scares everyone on Tuesday about a surprise rate hike during FOMC that WE ALL KNEW was not going to happen...

On Wednesday, the entire market freaks out about the rate hike which causes the selling to compound on itself creating 50-70% drawdowns across the board in high beta semicondcutor names...

Which means Leopold who we now know had $45B of assets and was 400% LEVERED ends up being the sacrifice as he gets liquidated at what theoretically could be the bottom due to not having the margin requirements to keep solvent...

AND THE PERSON WHO CAUSED THE SELLOFF WITH THE RATE HIKE FEARS ENDS UP COMING IN TO BUY HIS ASSETS FOR 40 TO 50 CENTS ON THE DOLLAR.

By the way, Leopold is getting married this weekend. I think he wanted to make sure he wasn't getting margin called during his wedding.

A vet on wall street in Ken Griffin takes out the young new kid.

ABSOLUTE. CINEMA.

[Shay Boloor @StockSavvyShay]

THIS HAS TO BE THE STORY OF 2026

Ken Griffin’s Citadel was pushing surprise-rate-hike fears just days before the AI trade collapsed and forced 4x-levered Leopold Aschenbrenner's Situational Awareness to unload its book near the lows.

Citadel then reportedly bought most of those assets at significantly lower prices knowing that if sentiment deteriorated enough the fund could be forced to sell which makes the entire sequence look absolutely ruthless.

This is why the stock market is the greatest game on Earth.

[Linda Raschke @LindaRaschke]

"AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses". Sign of a bottom! Uncanny how these downdrafts force overleveraged players out before the swing reverses...!

[Alondra On X @789_tom91365]

Good shot! Keep rolling!

[Linda Raschke @LindaRaschke]

AAPL making all time highs....: is it a market of stocks or a stock market!

[Elon Musk @elonmusk]

Neuralink helping those who have lost their mind to body connection

[Kathy Lien @kathylienfx]

I've been told a few times that there is a Miami trading event in October. This one was announced earlier this year but the organizers confirmed that it has been postponed

Is there another one that I dont know about? If so, please let me know in comments below!

[ludoonchart @ludoonchart]

Charlie Munger: "good investing requires a weird combination of patience and aggression and not many people have it"

this is Warren Buffetts right hand giving secrets to investing that built a massive fortune and why staying cheerful is a mathematical advantage in business

"you do not have a lot of envy you do not have a lot of resentment you do not overspend your income. you stay cheerful in spite of your troubles you deal with reliable people and you do what you are supposed to do. all these simple rules work so well to make your life better"

"the greek philosopher said man never steps into the same river twice because the man is different and so is the river. that is the trouble of economics it is not like physics. the same recipe at a different time gets a different result"

"i have always been able to recognize when other people were a little bonkers and it helped me because there is so much irrationality in the world. can you be cheerful when you are mired in deep hatred and resentment of course you cannot so why would you take it on"

bookmark & watch the full conversation

[Alok Kumar @Alokkumarzz]

A billionaire trader spent 40 years trying to delete this documentary that shows him making $100 million in a single afternoon.

Bookmark & watch today, no matter what.

[Science girl @sciencegirl]

When your leaders say

"Don't forget we're all in the same boat!"

[我是梦嫣❤️ @mengyan1234567]

美国：过去和现在

你认为的那个美国，已经不复存在😲

[Linda Raschke @LindaRaschke]

WOW WOW WOW...can't remember the last time there was zero GREEN on my quote board! (Vix does not count)!

[Historyland @HistorylandHQ]

President George W. Bush flying over the remains of the twin towers in Manhattan after the 9/11 attacks. September 14, 2001

[Massimo @Rainmaker1973]

«I believe that scientific knowledge has fractal properties, that no matter how much we learn, whatever is left, however small it may seem, is just as infinitely complex as the whole was to start with»

— Isaac Asimov (I Asimov, 1995)