such a great story Leopold Aschenbrenner just got the full “little kid steps up to the big table” experience. Writes the AI manifesto, raises a couple hundred mil, runs it up to $20-45B with max leverage on memory/chips/power names + software shorts. Up 439% through June. Feeling invincible. Then July happens. Positions get smoked 30-55%. Margin calls hit. Entire public book gets packaged and sold to Citadel in one trade. He thought he was playing poker. The house just took the chips. thanks for playing!
Brian Shannon, CMTShare
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