We just watched a billionaire bail out a 24-year-old running an AI hedge fund who got overleveraged, and the market rallied on the news.

That sentence shouldn't make sense. But here we are.

This is the 2020s in one headline — leverage, AI hype, youth worship, rescue culture, and markets cheering the chaos. It's absurd and perfectly predictable at the same time.

When speculation becomes the business model and blowing up becomes a liquidity event, you know we're deep into the cycle. The guardrails came off years ago. Now we're just watching to see who's next.

Stay boring. Stay liquid. This won't end with everyone getting bailed out.