No. of Recommendations: 1
Sometimes it is hard to get out of bubbly stuff when the getting is good. Either picking the wrong general time frame to sell out, or waiting till the exit gets crowded and prices are in free fall. I tend to agree with him in general, but it isn't exactly a safe approach.
I have the same sense about AI related stuff. This feels like the early stages of the tech bubble, but for AI. If you are in it for a year or three, you don't have to be right that AI is the greatest thing since fire, you just have to be right that the companies that can afford it are going to spend a few trillion trying to find out just how good AI can be over the next few years. The companies that sell supplies into the AI supercomputer industry are selling the mining supplies into the gold rush. The people panning for gold don't have to get rich for the people selling the pans to get rich.
The early stage of the bubble is nice. All you have to do is identify early the stocks which will be recognized to be part of the bubble.
Oh yeah, and the other thing you'll have to do right especially if it happens soon-ish is identify when to get out. And you are right, that is not exactly a safe approach.
But damn if you can get it even close to right, you could make some money. Famous last words I suppose, and not something Buffett would ever say.
R:
