Subject: Re: Bloomstran annual letter is out
His reports are easy to skim. I just look at the syllabus and go to the part that interests me. By far the best part was his analysis on AI and what is going on with the hyperscalers. This is such a complicated topic and I really enjoyed his easy to digest thoughts on the situation. I also happen to think he's spot on comparing it to the Telecom bust and putting that in it's proper context by not referring to it as the dot com bust. There is an overbuild and it will be a problem but it will eventually be digested with a shake out of winners and losers. And while he aptly pointed out that the economics (and profitability) of it don't add up, I think he could've added that it seems the only economic advantage would be eliminating jobs, which is a whole separate topic.

At some point something's got to give and it feels like we might be in the early stages of that.