this post was submitted on 23 Feb 2026
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TechTakes

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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

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For actually-good tech, you want our NotAwfulTech community

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[–] o7___o7@awful.systems 2 points 13 hours ago* (last edited 13 hours ago) (1 children)

(IIUC) Like David said, it's a hedge against the bubble being real. GS certainly isn't pulling back from the void yet.

[–] dgerard@awful.systems 2 points 1 hour ago

I also didn't say it's a good hedge. It'll stay uncorrelated right up to the moment you need it to, when it'll crash in lockstep.