Thanks and enjoy the rest of the episode.

Speaking of risk, let's talk a little bit about situational awareness.

Can you explain what happened with that hedge fund and why did it crash?

In the process of that, your hedge fund that had something like $45 billion of assets will end the week at $10 billion of assets, which in the real world is still a very large number, but it's not 45.

Do you think this was mainly Leopold being wrong about AI or do you think it was more about leverage, timing and risk management?