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Notably, Warren Buffett essentially exited the stock market over the last few years because he believes all his investments were massively overvalued. That doe
by ffsm8 2y ago
Notably, Warren Buffett essentially exited the stock market over the last few years because he believes all his investments were massively overvalued.
That does paint a pretty grim picture wrt potential stock growth, if this finally triggers the correction back to a more sane stock price (last I read about it, you'd have to hold the stock for 65 years for the investment to break even).
The current stock valuations are essentially based purely on the same mechanic that makes Ponzi schemes to successful... At least short term.
- ohgr 2y agoYeah exactly that with Buffet. He was dumping Apple recently as well as he knows it’s going to burn when the AI hype crashes.
- piva00 2y agoWhat I've been wondering since April 2nd is if this will be the nail in the coffin for the AI-hype bubble, everything is drying up very quickly, all those risky investments (hundreds of billions USD) in bullshit AI will be the first to completely go into the drain when everything else that is producing actual real value at present is going to the drain. This stupids-in-charge administration might just have brutally popped the AI bubble.
- rickydroll 2y agoI agree. I'm afraid I will lose an AI-driven app I count on daily (Aqua speech recognition). Bubble-popping cleans out the bad but also washes away the good.