"Markets react to things before they happen. That’s their job."
"Financial markets are currently pricing the AI revolution as though introducing a predator of this scale into the economic ecosystem will leave the rest of the food chain undisturbed. The AI revolution is coming. The question is not whether it transforms the world. It is whether it transforms it in the way markets are pricing today."
"So far this year, the stock market has had the vibe of six Roman candles duct taped to the back of a Ford Ranger: shooting up farther than everyone expected, but on an unstable base."
"Human beings anticipate change more than it actually happens."
"Financial markets are currently pricing the AI revolution as though introducing a predator of this scale into the economic ecosystem will leave the rest of the food chain undisturbed. The AI revolution is coming. The question is not whether it transforms the world. It is whether it transforms it in the way markets are pricing today."
"So far this year, the stock market has had the vibe of six Roman candles duct taped to the back of a Ford Ranger: shooting up farther than everyone expected, but on an unstable base."
"Human beings anticipate change more than it actually happens."