What Leopold Aschenbrenner can learn from Warren Buffett after his $45 billion AI fund imploded
THE SO WHAT
A $45 billion AI-focused fund imploding this fast is a reminder that conviction on the tech curve doesn’t replace discipline on leverage, liquidity, and timing. If you’re raising or allocating around AI, separate your belief in the trajectory from your risk structure — markets can stay irrational about multiples longer than your LPs can stay patient.
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