The author defends Leopold against media and X backlash, calling claims of 'collapse' wron
The author defends Leopold against media and X backlash, calling claims of 'collapse' wrong. Leopold's thesis on SNDK and BE succeeded, and his fund is still up 80% YTD after deleveraging post-July crash.
“The media framing and X reactions around Leopold are egregious. Framing his successful multi-year thesis from $SNDK to $BE as a "collapse" or "failure". After July's surprising crash, then personally attacking him on top is just pathetic to witness. It's almost like everyone is cheering for the downfall of others. Yes, July's crash exposed problems with SA’s leverage, liquidity management, and hedging. But his current YTD performance remains +80%, ranking among the best performing hedge funds. And he still has public equities after all this (just removed leverage). I think he's doing something unique while being successful at it. And this draws the envy of others.”Original post：X / @aleabitoreddit ↗