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A bubble doesn’t necessarily imply the underlying technology is useless. It implies that expectations and capital allocation have significantly outpaced realis
by hedayet 8mo ago
A bubble doesn’t necessarily imply the underlying technology is useless.
It implies that expectations and capital allocation have significantly outpaced realistic returns, leading to painful corrections for bulls.
And with AI, a classic bubble signal is emerging: widespread exit-timing instead of deep, long-term conviction.
- an0malous 8mo agoThe greatest critics of the AI boom like Gary Marcus and Michael Burry aren’t even saying it’s useless, that’s a strawman no one is arguing for
- bdangubic 8mo ago> widespread exit-timing instead of deep, long-term conviction. $500+bn in one year capex from largest and most profitable companies ever known to mankind seems like a deep and long-term conviction, no? you and I may not have conviction, the largest and most profitable companies on earth that have been carrying most of global economy do