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Nassim Taleb on the AI selloff: the pioneers usually aren't the winners. They're more likely to be the losers. He's not betting against AI - someone will make a fortune on the software and hardware. His point is it doesn't have to be today's hot names. History rhymes: the early car makers, the early airlines, the early PC makers mostly got wiped out. His call is blunt: expect bankruptcies in the software space, and much of a rally built on a handful of names getting erased. "The pioneers are not necessarily the winners - they're probably more likely to be the losers." "A lot of the gains in the stock market are going to be eradicated." "Forget current volatility - it's not representative of the real risk we're facing." ~8 min, free. the man who bet on the last crash on where the AI trade actually goes wrong ↓
Dipper_pol ↗