Ep. 33 — The loss of Situational Awareness: how a 165-page manifesto became a $45 billion fund, then a fire sale

The loss of Situational Awareness: how a 165-page manifesto became a $45 billion fund, then a fire sale 00:48 — Act I — The prophet: a 24-year-old writes a 165-page manifesto, then raises a fund named after it 02:17 — Act II — The unwind: 400% leverage, the largest momentum crash in modern history, and a forced sale to Citadel 03:47 — Act III — What's left: the Anthropic stake, the 'clearing event' argument, and what builders should take from it Daily Prompt with Archer & Iris.