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I see a lot of people dunking on @leopoldasch, which feels like a classic internet mob looking for attention. Leo’s story is unreal. He went from relatively unknown technologist to one of the top hedge fund managers in the world in less than 5 years. His original Situational Awareness paper has been quite accurate, not to mention Leo’s ability to drive ridiculous investment returns for his investors through June. Losing 60%+ of your investors assets in a single month is obviously bad. Leverage is one of the most destructive forces in the world when things go against you. But let’s not forget that Leo still has a few billion dollars and a strong opinion of the future. If he is right, and he continues to play the risk-taking game, there is a high probability he will still create tens of billions of dollars in returns for his LPs. The internet mob can do all the dunking they want, but I wouldn’t bet against a smart, young guy who now has something to prove.