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AI Bear Case: What Skeptics Get Right And Wrong

The AI "bear case" isn’t one argument; it’s three: earnings quality, circular-financing, and revenue doubts. Two are half right. One falls apart on the data...

Too Far, Too Fast

The squeeze was positioning-driven. Bond volatility tells a different story.

The Price Of Being Right

Leopold Aschenbrenner's recent struggles are a reminder of a lesson every trader eventually learns: being right and making money are two very different things.
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Leopold Low

Leverage-maxxing: The market can remain irrational longer than a 24-year-old can remain four-times levered.