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Legit Legendary Investor: AI ‘Has Characteristics of A Bubble’
John Johnston (JJ) breaks down how legitimately legendary investor Seth Klarman thinks today's stock market, which is currently obsessed with AI-related companies and stocks, has characteristics of a bubble. Klarman argues that even if AI is real and transformative, because of the huge uncertainty, the market should have a lower multiple.Related episodes:SpaceX & AI: “Bigger Than The Dot Com Bubble” | Jim Chanos https://open.spotify.com/episode/0hywOjJLjvIs53nOXHQorlDangerous AI Bubble: Retail Investors Are Being Conned | Ed Zitron https://open.spotify.com/episode/5mmybdVO6Jyc8hrcjbLCvnIs…
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