+439% through June 30. Margin call on July 30. Leopold Aschenbrenner ran the best hedge fund in the world this year. $45B at the peak. Ex-OpenAI. He wrote the essay that gave everyone the AI infrastructure thesis. His top longs: $NBIS $MU $CRWV I own the same theme. He also ran about 4x leverage. At 4x, a 25% drop is not a drawdown, it is the exit. July delivered exactly that. Citadel bought his entire $16B book at a discount. Two weeks later CoreWeave doubled revenue and the whole sector ripped. Those stocks now trade way above where he was forced to sell. He was right about the decade of future development and still… LIST IT IN SIX DAYS I use zero leverage. Tell me why that is wrong.

+439% through June 30. Margin call on July 30. Leopold Aschenbrenner ran the best hedge fund in the world this year. $45B at the peak. Ex-OpenAI. He wrote the essay that gave everyone the AI infrastructure thesis. His top longs: $NBIS $MU $CRWV I own the same theme. He also ran about 4x leverage. At 4x, a 25% drop is not a drawdown, it is the exit. July delivered exactly that. Citadel bought his entire $16B book at a discount. Two weeks later CoreWeave doubled revenue and the whole sector ripped. Those stocks now trade way above where he was forced to sell. He was right about the decade of future development and still… LIST IT IN SIX DAYS I use zero leverage. Tell me why that is wrong.

Source:https://x.com/yoniassia/status/2089172845783887946