Aswath Damodaran:Musings on Markets· Aswath Damodaran·· 2026-08-11AI Score56
Damodaran on the Situational Awareness fund blowup: the collateral damage of investment conviction
The Situational Awareness Blow-up: The Collateral Damage from Investing Conviction!
AI summary
Aswath Damodaran, a valuation professor at New York University, uses the complete journey of Leopold Aschenbrenner's Situational Awareness hedge fund—from explosive growth to liquidation following a blowup—as a case study to systematically break down the definition, sources, and real-world impact of investment conviction.
Source:Aswath Damodaran:Musings on Markets · aswathdamodaran.blogspot.com
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