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So, what's your backup plan? Are you diversifying your investments to protect your assets, or are you pulling your money out entirely and going full "under the mattress" mode?
Instead, short the stocks of overvalued AI players and ride them on the way down to something closer to reality.
Land/real estate Gold/silver Art/Collector items/vehicles
Savings bonds and the like are also very safe places to put some money.
I like Claude Code. I think it's the best thing that's happened to software development in a long time, actually. Other similar tools are probably good too, I just haven't used them yet. But I'd hardly call that a transformational technology ushering in a new era of civilization.
It took decades for electricity to transform the way we live. Same with computers 100 years later. I suspect it will be the same for AI.
The market can stay irrational longer than you can stay solvent.
My backup plan --- don't backup at all. Instead, short the stocks of overvalued AI players and ride them on the way down to something closer to reality.
I think this is probably safer than pulling out of index funds, as you can afford to hold these shorts long-term. I wasn't aware of any obvious AI frauds that IPOed, but didn't really research it.
Hold on to tangible assets as they appreciate: Land/real estate Gold/silver Art/Collector items/vehicles Savings bonds and the like are also very safe places to put some money.
I am both bearish on AI and don’t see the bubble popping soon. People are too invested. Some of the most powerful people in Silicon Valley have staked their reputations in it. What happens to Satya Nadella if the bubble bursts? The freaking president of the United States is all in as they say. The market can stay irrational longer than you can stay solvent.