New York Univ Prof. Aswath Damodaran, the Dean of Valuation, breaks down Leopold Aschenbrenner's situational awareness.

"The people who'd lent him money now came back and said, 'Hey, you owe us a lot of money. Your fund that was 40 billion has been marked down to 26 billion because you've levered up so much. How do you plan to pay us?' And that's the end of the game. The entire fund had to be liquidated. Citadel bought the leftover pieces of what he had in his portfolio."

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Full video on "Disruptor Confessions" YouTube channel, (link in comment)