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.
every story you tell yourself about yourself, from who you are as an individual to where you are heading, what your aspirations are, and what you want to achieve, is exactly what you become in the end. takes a decade or a few to have it click and start to make sense
Assume the movie had flopped and the director lost his entire $750,000 investment. How many crew members would have voluntarily returned their fees to help offset his loss?
This is the fundamental asymmetry in risk and reward. When someone puts up their own capital and shoulders the real financial risk especially in a high-failure industry like entertainment they alone bear the downside.
Yet the moment the project succeeds, suddenly everyone who was paid upfront wants a bigger piece of the pie. The same people who would not have shared in the loss now feel entitled to share disproportionately in the upside.
If you accept payment for your work regardless of outcome, you’ve already been compensated for your risk (or lack thereof). Why should the person who risked everything not be allowed to reap the rewards when their gamble pays off?
>Be Elon
>Get bullied so badly as a kid that you end up in the hospital
>Escape into books
>Read more than 8hrs a day
>Teach yourself programming
>Sell a video game at 12
>Leave South Africa
>Sleep on couches
>Work odd jobs
>Get into America
>Build a startup
>Get fired from your own company
>Start over
>Build another company
>Merge it into PayPal
>Get removed as CEO
>Your company gets acquired
>Walk away with nearly $180 million
>Instead of retiring at 31, put almost all of it into three impossible ideas: Electric cars, Solar energy, Rockets
>People tell you you're insane
>Start a rocket company with no aerospace degree
>Learn rocket science from textbooks
>First rocket fails
>Second rocket fails
>Third rocket fails
>Divorce
>Public humiliation
>Cash running out
>One launch away from bankruptcy
>Launch anyway
>The fourth rocket reaches orbit
>NASA signs a contract
>Survive
>Tesla is weeks from collapse
>Save it at the last minute
>Get mocked for wanting reusable rockets.
>Land one.
>Then another.
>Then dozens.
>Turn science fiction into engineering
>Get mocked for betting on EVs
>Turn electric cars into status symbols
>Force the entire auto industry to follow
>Build the most valuable car company in history
>Launch astronauts into orbit
>Create a global satellite internet network.
>Buy Twitter
>Fire most of the staff
>Rename it X
>Walk into politics
>Risk your reputation
>Risk your companies
>Risk your fortune
>Become one of the most polarising people on Earth.
>Get attacked by the media, politicians, competitors, and activists
>Keep building anyway
>Become a TRILLIONAIRE