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this post was submitted on 26 Jul 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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The cope on lesswrong is funny. They are in denial that this is a sign of a wider bubble pop and are insisting it is just because he didn't hedge on long enough timelines.
"From my perspective as an uninformed spectator, I would expect the bets made by Situational Awareness to be positive EV over the long run."
Actually the value of his calls in the long run is 0, don't worry I'm giving this hot financial tip for free. Do these dorks not understand options work? I guess neither did young leo.
Remember, there's no crying in the casino. *though i have a feeling Leo will continue to fail upward ;_;
Duh. Everybody knows the market never stays irrational for long, and you should just tough it out.
The LW insider thinks Aschenbrenner is trying to save a stake in Anthropic. I think that is very likely because the press release stressed "public stock position" and Anthropic is privately owned.
Edit / I don't think Thomas Kwa of METR and LW understands leverage. The idea is that if you borrow $40.5b on $4.5b of collateral, you have $45b to invest but a 10% drop will wipe you out. Before you get there the bank will knock on your door and say "margin call! either you provide more collateral or we seize your assets."
"He sold? Pamp it"
Intel up 11% in the day and 5% in the after hours. Really looks like big players took the boy out back behind the woodshed to see what swimming with the sharks feels like and devour his entire port at a discount.
sounds like he took the hedge part out of hedge fund, and then margin call took out the fund part