On July 24, Leopold Aschenbrenner wrote to his investors that the sell-off tearing through AI stocks had opened one of the best buying windows since early 2025. The Financial Times, which saw the letter, reported that he invited clients to commit fresh capital. Six days later his prime brokers sold his entire public equity book to Citadel. I feel that this wasn’t a failure of analysis or stock selection. Aschenbrenner's read on where AI money would flow beat Wall Street's, and the returns say so
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