Ken Griffin: Corrections Can Be Extraordinarily Painful
We are deep in a bull market and there is a lot of FOMO. I’m not saying this is going to happen tomorrow, but in the crash of 1987, the market lost almost a quarter of its value in a day. When the market chooses to change its mind, the correction can be extraordinarily quick and extraordinarily painful.
— Ken Griffin
Ken Griffin is one of the smartest men on Wall Street. He is the founder, CEO, and co‑Chief Investment Officer of Citadel LLC and reportedly owns about 80% of the fund. It is one of the largest hedge funds in the U.S. and the most successful hedge fund in history, having made over $74 billion in net gains for investors between 1990 and 2024.
By highlighting how quickly the market can turn, he reminds us that anyone worried about a bubble should reposition themselves before it pops. You are unlikely to be able to sell out at the top if you wait until you're sure the market is crashing.
Still, Griffin is not exactly hiding from risk. AI-stocks are his largest holdings, and be holds $1.3 billion of NVIDIA, at a time when valuations have reached all-time highs.
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