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The Situational Awareness Fund Blow-up: Collateral Damage from Investment Conviction!

aswathdamodaran.substack.com · 5,520 words · saved by 1 readers

Lessons from Leo!

Earlier this year, I was asked what I thought about Leopold Aschenbrenner and I admitted that I knew little about him other than what I had read about him, more in social media, than in the press - that he was a 25-year-old wunderkind who had started at OpenAI but had left to start a hedge fund. That hedge fund, built entirely around a bet that AI would pay off big time and near term, buying companies in the AI orbit and selling short on the businesses (especially software) that AI would disrupt, had been able to raise billions of dollars from well-heeled and presumably sophisticated…

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