Occasionally, the market does something so stupid it takes your breath away. The trick is to make sure you're there to take advantage of it — and that requires doing almost nothing most of the time, which is psychologically brutal for people who feel they're paid to act.
You might also like
The cost of running AI models has dropped roughly 10x per year for the past several years, which is faster than Moore's Law ever moved. If that rate continues, the things that are economically impossible to automate with AI today become possible very quickly.
Invest Like the Best with Patrick O'Shaughnessy
The interesting thing about AI is that the returns are so uncertain. You could imagine a world where AI is transformative and these investments are the best ever made, or you could imagine a world where the returns never come and it's the biggest misallocation of capital in history.
Ben Thompson — Invest Like the Best with Patrick O'Shaughnessy
Do I know for sure, for sure, if we should do it? No, but I do know we can't keep talking about it. We're either never going to do it, or we're going to become two Tony Randles who feed our baby applesauce that we also eat.
Colman Domingo — Fresh Air