One, very over-leveraged and risk-thirsty speculative vehicle crashed and burned during its first market cycle of bullishness the first time there was a reasonable pullback. Hedge funds in general got a boost from this implosion.

If your comment is referring to situational awareness, its due to 4x leverage. leverage is always risky. AI/semis are still doing extremely well (over last 2 years) despite the recent dip

So the thing is just like America isn't entirely Donald Trump, AI is not entirely Sam Altman, Elon Musk, Jensen Huang, Mark Zuckerberg, Dario Amodei, and Leopold Aschenbrenner, but you wouldn't know it reading the social media feeds.

Its up 80% on the year. How do your investments compare?