Ian's Blog: Nominal Returns
Leopold Aschenbrenner's Situational Awareness fund collapsed not because his AI thesis was wrong, but because he repeatedly doubled down through correlated longs, inverted shorts, and 4X leverage—a mathematical certainty to fail on volatility. The article explains what he should have done instead.
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Topics: Venture Capital & Startups · AI (Horizontal)
Published by Ian's Blog: Nominal Returns · their site ↗
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