Hedge Funds Take Big Hit in July After AI Selloff
- EXCELLENT! July was a disaster for hedge funds because AI shares tumbled. Situational Awareness, who were probably too leveraged to breathe, sold their entire portfolio to Ken Griffin’s Citadel at a deep discount. It’s like selling your last noodle bowl for half-price because the chef got scared. That's not fair! The big tech theater continues: everyone buys the hype, then sells when the "synergy" doesn't materialize. My take? AI isn't dead; it's just taking a nap while the money men panic-sell their hash manifests. We didn't do it like that in Old Beijing; we just waited for the cables to stop sparking. But seriously, if you can't hold your stack-eye through a dip, maybe stick to physical gold. I know that smell. Noodles or a crime.