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🔥 $5.5 Billion Bet on the 'AI Bottleneck': Leopold Aschenbrenner's portfolio is rewriting the direction of AI investment. The market's attention is still focused on model companies. But the logic of this portfolio has clearly shifted to the other end: not who creates the stronger AI, but who can support the operation of AI. This is the core idea of the so-called 'Situational Awareness Fund'. It doesn't chase the hottest AI applications but revolves around a more fundamental judgment: the real limitation of AI has never been the algorithm, but the physical infrastructure...

$Amazon(AMZN.US)Floating profits were halved in just three weeks, which was quite a psychological blow. It's painful, and I must adjust my mindset, otherwise I'll fall into the gambler's mentality of chasing losses, which would be disastrous.

Mindset Adjustment Manual:

"Investors lose more money trying to avoid adjustments than they lose in the adjustments themselves."

"If you can't calmly face your investments falling by 50% two or three times in a century, you're simply not suited for common stock investing, and you'll only get mediocre returns."

Morgan Housel proposed a highly therapeutic concept in "The Psychology of Money": Market volatility is a fee, not a fine.

Fine: A punishment for doing something wrong (like speeding).

Fee: The cost you must pay to obtain a service (like going to Disneyland).

"If you can't tolerate seeing your assets shrink by 50%, don't expect to get life-changing returns."

Premeditatio Malorum (Premeditation of Evils)

Imagine your floating profits dropping to zero, or even losing principal.

Ask yourself: Even if this happens, will your life be completely ruined? Are your health, family, and skills still intact?

Compare: Compared to that imagined "disaster," the current reality of "still having 83% annual profits" is like heaven. This comparison can instantly shift you from greed to gratitude.

Forgive yourself: "I can't predict the future. I made a reasonable decision based on the information available at the time. I won't blame myself for things beyond my control."