@APompliano I read it in your voice as you shouting as usual.. please fix the way you talk bro

full read here: https://www.wsj.com/finance/stocks/the-24-year-old-ai-wiz-who-counts-jane-street-as-an-investor-1c30d751

@APompliano i stopped seeing this as an investment theme once i understood the incentive problem

being early and right is one thing

but staying convicted when the entire system is designed to debase value is where the test lies.

@APompliano $20B AUM tells you where smart money is voting. Watching AI infra flows closely - when major capital pivots, on-chain signals follow within weeks.

@APompliano My next transaction

⬇️

@APompliano Respect the hustle but also let's not pretend early and right on AI was some genius-level insight when half of VC Twitter was saying the same thing by 2022

@APompliano I was also early. Just... early to sell.

$100M to $20B in 24 months.

Aschenbrenner didn't pump a thesis. He published one — 165 pages, free on the internet, before he raised a dollar.

Most fund managers won't let you see their letters. He let the world see the entire framework.

Conviction beats credentials. Receipts beat resumes. 🟠

@APompliano Being early is valuable.

Knowing who and what deserves conviction is even more valuable.

@APompliano congrats leopold big moves

@APompliano Going from zero investing experience to running a $20B+ fund in just a couple of years is the definition of "early and right."

@bearlyai investing in a startup at 62B and now its 965B is insane conviction

guess patience really does pay

@APompliano most hedge fund AUM is just performance inflated from raising at the top of the hype cycle

but Aschenbrenner actually did the work early so this one tracks

@APompliano He got the thesis right when most were still calling it a bubble. The AUM proves conviction paid off—rare to see that rewarded at scale.

@APompliano Being early is meaningless without being right long enough for the thesis to play out.

As @kris_ten5 recently noted, the biggest rewards often go to those willing to do the work, hold conviction through doubt, and stay positioned while the opportunity compounds.

@APompliano Agree. It’s amazing how low his portfolio correlation is to the AI momentum trade — the only holding that overlaps with our portfolio is Sandisk.

@bearlyai $4B into Anthropic at $62B. That's not diversification, that's conviction. Either Dario's Claude becomes the standard by 2027, or Leopold's got an expensive lesson. No middle ground.

@APompliano respect for being early and actually following through on the conviction

@APompliano Love seeing conviction actually pay off in a big way like this

@APompliano Step 1: Get mocked Step 2: Get rich Step 3: Get called lucky