Joined December 2018
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Tremendous ink spilled on a basket trade that can be replicated for single digit basis points in and out. But the essay makes it worth it.
The Friendly Bear retweeted
Stop comparing Leopold Aschenbrenner to Bill Hwang...
Hwang is the GOAT of degenerates and Leopold is a sheep compared to him
Did you know that Hwang turned $200M to $36B and it was ALL personal capital?
This guy literally led prayer circles in the conference room before trading days started
He had $160B stock exposure on just $36B of capital
His blowup happened in two days and he literally caused the collapse of one of the most prestigious investment banks
Banks lost a total of $10B combined because of his collapse
Leopold is nothing compared to Bill
The Friendly Bear retweeted
NEW: President Trump's longtime teleprompter operator is believed to have made more than $100K betting on Trump's speeches, sources say.
abcnews.com/US/white-house-t…
The Friendly Bear retweeted
>be Tang Tan
>24 YEARS at Apple
>VP of Product Design, iPhone AND Apple Watch
>you know every team. every project.
>every name worth taking
>months BEFORE you leave:
>meet with OpenAI’s people
>email yourself Apple supplier intel
>apple is literally paying you while you betray them
2024: leave, co-found io with Jony Ive
2025: OpenAI buys it for $6.5 BILLION
>a one-year-old company. no product
>you’re now Chief Hardware Officer
>you’re paid in OpenAI pre-IPO shares
begin the great unbuilding of Apple
>one by one, apple’s hardware people vanish
>engineers. designers. supply chain leads
>you know which head holds which secret
>you are the mastermind
>you pick accordingly
>interviews are not interviews
>drop secret codenames like you still work there:
> “what’s the plan?”
>candidates cram STOLEN FILES the night before like it’s finals week
>“bring Actual parts for show and tell”
>apple employees smuggling batteries and logic boards out of Apple Park in their bags
>one guy, genuinely confused: “didn’t even know we could take those from the office”
>you knew
>hand every new hire Apple’s own security manual BEFORE they resign
>the document literally lists the rules they’re about to break
>openai staff, cheerfully: “a checklist that Tang put together”
>tang did not put it together
>APPLE put it together
>tang took it on his way out
Tang Tan spent 24 years learning how Apple keeps secrets. Then 14 months teaching people how to leave with them.
APPLE IS PERSONALLY SUING HIM FOR: TRADE SECRET THEFT. BREACH OF CONTRACT. WILLFUL. EXEMPLARY DAMAGES.
The Friendly Bear retweeted
It appears compute is not all that scarce if one of the biggest AI names is starting to sell it
Goldman Delta 1 head Rich Privorotsky: “The market’s central premise has been that compute is scarce. If scarcity persists, prices should remain firm and justify continued capex. If supply rises and rental prices continue to drift lower, that is a direct challenge to the shortage narrative. The first place that pain shows up is hardware. ORNN H100 index rolling over last couple days worth watching. The beneficiaries are the companies selling the complete platform and monetizing usage rather than simply selling picks and shovels. My working conclusion remains that hyperscalers are the structural winners through this phase. The first moment they demonstrate they can deliver equivalent output with lower spend, the market will reward them. The bigger risk sits further upstream in the hardware and infrastructure stack where expectations remain built around persistent scarcity."
The Friendly Bear retweeted
Former/Alleged "Head of Macro" for Greenlight Capital James Fishback @jamesfishback ordered to pay Greenlight $1,198,464.02 in legal fees for misappropriating and disseminating Greenlight's confidential information more than 60 times
The Friendly Bear retweeted
Fishback vs Einhorn! "the Court finds appropriate a reduced award of $1,198,464.02 in fees and $120,052.01 in costs." @jamesfishback
The Friendly Bear retweeted
They are trying to get retail to hold the bag a bit longer
Robinhood blocks future IPO access 60 days if shares sold within 30 days; Fidelity bans 6 months first offense, permanently third offense; Schwab restricts ~6 months first offense; Sofi blocks 180 days plus $50 fee for sales before day 120; E*Trade flags and restricts for set period
The Friendly Bear retweeted
From a young age, I have always wanted to be the exit liquidity for shareholders of artificial intelligence companies
The Friendly Bear retweeted
First, Cathie Wood is a genius Second, her fund is uniquely not set up for the spike in rates,. Why no love for ENZC, which is the best drug company in the universe.
$AMG re-inventing history on today's earnings call. February 2026 claims AQR will exceed 20% of 2026 earnings, today pointing analyst asking question to a % of AUM.
taxalphainsider.com/p/longsh…
$CAR in tax loss funds, $SCHW allegedly pulling back (following Fidelity). Good read
