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What’s mindfuckingly frustrating is that EVERYONE (but the rich ass financial types) see it coming. And there is ABSOLUTELY NOTHING WE CAN DO to prevent or prepare for it.
Oh they see it coming as well, but unlike us, they have the levers and means to come out on top of it.
We met with my mother’s broker a few weeks ago (company rhymes with “Laymond Maims”). My brother expressed his concern about the AI bubble and the broker basically said CEOs are smart people who are legally bound to safeguard their companies and they wouldn’t be so heavily invested in AI if there was any chance of its being a bubble.
Just one of the most dumbassed arguments I’ve ever heard. OK, then how did all the other bubbles in history happen? But it was equally dumbassed of my brother to expect a broker to say anything else. I’ll bet he gets a fucking daily memo telling him not to let anybody de-AI their portfolios – if that’s even possible at this point.
I would immediately change brokers. That’s a level of uneducated and propagandized that is truly dangerous.
I don’t think others differ that much.