I mean, Kenneth Griffin losing money on his personal residential real estate is.... pretty irrelevant to Citadel lol Also: as someone that invested in many (10+) luxury new development condos in Midtown Manhattan during peak pandemic, I think all of the billionaire's row apartments are garbage investments (and that's being reflected in the secondary market rn). Conversely, people that were willing to make contrarian bets on urban RE during summer 2020 are experiencing 100%-250% cash on cash returns right now.

Point72 underperformed the S&P 500 https://www.bloomberg.com/news/artic...dge-fund-peers

Citadel did not https://www.clearbrookglobal.com/cit...returns-in-20/

In the context of this conversation, losing is pretty clear...