Citadel Buys Situational Awareness's Stock Portfolio After Big Losses in AI

mmudil about 2 hours ago 1 commentsRead Article on wsj.com

DE version is available. Content is displayed in original English for accuracy.

Discussion (1 Comments)Read Original on HackerNews

d_silin•about 1 hour ago

Reminds me of LTCM fund story (very smart people X highly leveraged portfolio = a perfect recipe for massive losses on black swan day)

vzcx•31 minutes ago

LTCM was actually a lot more sophisticated, this fund's thesis was basically "number go up."

Count the OOMs!