jhoodie

beauty in the struggle 🤝🏾

[esosa @bigesos4]

August 1,2026

[Francis @ghostof_francis]

When your family asks why you're so obsessed with becoming rich

[litquidity @litcapital]

Overlevered Korean retail traders who got blown up last week seeing Leopold join them in a game of “Red Light, Green Light”

[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.

[cozy @cozymaximalist]

"Leopold, why did you have to sell your entire portfolio to Citadel?"

[Kris Patel 🇺🇸 @KrisPatel99]

Ken Griffin today:

[Just a Dude Who Invests @DudeWhoInvests]

Bill Ackman spoke on how get through a very low and negative time in your life…

This is probably one of my favorite clips of all time, I re-watch it very often.

[Boring_Business @BoringBiz_]

South Korean investors with 3x leverage looking at their brokerage account right now

[Philadelphia 76ers @sixers]

a city fit for a king.

welcome to Philly, @KingJames

@bankofamerica

[Polymarket Hoops @PolymarketHoops]

Philadelphia wants to embrace LeBron James like Los Angeles never did, per @tjonesonthenba.

The governor declared Friday “LeBron James Day,” while the mayor welcomed him into the “One Philly Family.” 🙏

[Douglas A. Boneparth @dougboneparth]

Trump every time the 10-year Treasury approaches 5%…

[Legion Hoops @LegionHoops]

Derek Fisher on LeBron joining Philadelphia:

“You aren’t ring chasing when you’re the guy creating the rings.”

(via @TheFanLA, h/t @WITNESSKJ)

[Uber Chelsea FC @UberChelseaFC_]

Morgan Rogers signing, Alejandro Garnacho leaving and Anthony Taylor retiring all in one day.

[Boring_Business @BoringBiz_]

Buying memory stocks right before South Koreans double down to lose their net worth for a second time

[High Yield Harry @HighyieldHarry]

Ex-Private Credit Bros pivoting to the Pentagon

[Evan @StockMKTNewz]

I just tried to check my portfolio this morning but it just did this … anyone else have the same problem?

[#Ronaldo4Ever | Abojunior .. @N7Cris]

I will choose you every time, forever.

[John Trades MBA @JPATrades]

Trump after reaching his 69th Iran Deal

[zay dante @zaydante]

this nigga English as shit