Leopold Aschenbrenner has said the top priority is "not blowing up." An X account tracking the AI investor calls that hard to square with his fund's reported use of roughly 400% leverage during July's market crash.
The account, Leopold Aschenbrenner Stock Tracker, argues that accurately calling AI's long-term trends doesn't mean you can survive the volatility in between. Position sizing and leverage are the real test of a risk philosophy — not whatever a manager says in public.
Many fund managers who eventually suffered catastrophic losses understood the "survival first" principle. The hard part is actually sticking to it when returns are tempting and the market is pressuring you. Aschenbrenner may be right about AI, the tracker says, but the fund's high leverage suggests the risk-control problem hasn't been solved.
https://twitter.com/LeoATracker/status/2092218359840657652