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CTF + F "bubble" - 15 results. This guy was manically predicting the bubble in 2025 > AI is a bubble. > AI is a bubble. Bubbles burst. We're in for a near-to

CTF + F "bubble" - 15 results. This guy was manically predicting the bubble in 2025 > AI is a bubble. > AI is a bubble. Bubbles burst. We're in for a near-total collapse of the AI investment mania > AI is a bubble, and when bubbles burst, they sometimes leave behind a productive residue > When the AI bubble bursts, there will be stellar bargains on GPUs > The bad news is all the damage the bubble is doing now and all the further damage that will come from its collapse. > After the bubble bursts, there will be the mass incineration of everyday people's retirement savings and the knock-on effects as the whole market craters > Every day the bubble persists, the harms of today and tomorrow increase. We need to burst that bubble as soon as possible. Holy. Shit. This guy is insane. He's been pulling the same schtick since 2014 calling many other companies a bubble. Why why is this guy taken seriously.

wrs 3mo ago
People say this about everyone who calls something a bubble, right up until it pops.
- timmmmmmay 3mo ago
  there's no prize for predicting 12 of the past 2 bubbles
- ACCount37 3mo ago
  Or doesn't. "The stock market has predicted nine out of the last five recessions." And people who don't put their money where their mouth is? The track record gets so much worse.
  - pishpash 3mo ago
    So far every single one has popped. The record isn't particularly good for "this time is different".
    - simianwords 3mo ago
      Not really. Not everything is a bubble. Cloud computing is not a bubble. And screaming “it’s a bubble” 10 times is clinically insane.
derektank 3mo ago
I don’t agree with Doctorow on this point, but there’s nothing inherently unreasonable about predicting an economic phenomenon is a bubble and having to wait several years to be proven correct. Michael Burry first purchased credit default swaps on mortgage backed securities in May of 2005.
- jackcviers3 3mo ago
  A stopped clock is, after all, correct twice a day.
Timwi 3mo ago
Your whole argument for not taking someone seriously is that they use a specific word 15 times? That's your standard for insanity?

wrs 3mo ago

People say this about everyone who calls something a bubble, right up until it pops.

timmmmmmay 3mo ago
there's no prize for predicting 12 of the past 2 bubbles
ACCount37 3mo ago
Or doesn't. "The stock market has predicted nine out of the last five recessions." And people who don't put their money where their mouth is? The track record gets so much worse.
- pishpash 3mo ago
  So far every single one has popped. The record isn't particularly good for "this time is different".
  - simianwords 3mo ago
    Not really. Not everything is a bubble. Cloud computing is not a bubble. And screaming “it’s a bubble” 10 times is clinically insane.

derektank 3mo ago

I don’t agree with Doctorow on this point, but there’s nothing inherently unreasonable about predicting an economic phenomenon is a bubble and having to wait several years to be proven correct. Michael Burry first purchased credit default swaps on mortgage backed securities in May of 2005.

jackcviers3 3mo ago
A stopped clock is, after all, correct twice a day.

Timwi 3mo ago

Your whole argument for not taking someone seriously is that they use a specific word 15 times? That's your standard for insanity?