41–50 of 166 posts
Earlier quoted context omitted.
Please, don’t buy the stock. It’s a classic retail investor trap
The issue is that once it's in the S&P500, Russel, Nasdaq100 etc indices - everyone with a pension or tracker fund will be buying it without thinking
My impressions is that US investors also have a special love for the S&P500 and could likely benefit from a non-US bias.
The stock market doesn't operate on long-term principles anymore. So, in some sense, it is immaterial that the rosy scenarios where AI is responsible for >$30 trillion in the next decade are unlikely. If you bet against the hype and it goes on for a few more months/years you lose as much or more than if you went along for the ride. Burry is well aware of this, he has written about how passive investing is contributin…
“In the short run, the market is a voting machine, but in the long run, it is a weighing machine”
- benjamin graham
Seems equivalent to removing road safety rules for the least-tested, most-powerful new vehicles only.
Earlier quoted context omitted.
Please, don’t buy the stock. It’s a classic retail investor trap
The issue is that once it's in the S&P500, Russel, Nasdaq100 etc indices - everyone with a pension or tracker fund will be buying it without thinking
Whoever you are Michael Burry, you don't know shit about the implications, and where this is headed, and that the party only just got started.
I sure do wish I had a big chunk of that overpriced Google IPO stock, and Amazon, and MS, and Apple, etc etc etc
Earlier quoted context omitted.
Most people can't get past the kind of logic that declares Facebook doomed for 20 years because Myspace.
Beyond GenX and Boomers who is still using Facebook? We don't live forever.
[1] https://www.sec.gov/Archives/edgar/data/1326801/000132680124...
Earlier quoted context omitted.
He didn't say AI is doomed or a fluke, he said that these two AI companies aren't worth 1T in capitalization. The same way semiconductor, internet or railroad companies were not great investments regardless of how important the technology was going to be. It's still a financial investment and it's only going to pay off if bought at the right price, not at crazy multiples. I will also add: if all your moat is your lat…
Anthropic is the one company where that makes no sense. If revenue really is about 50 billion annually and growing than that means that a 20x 1 year of revenue valuation is modest compared to the shenanigans that have been going in the market. It's almost classically textbook conservative in comparison. The moat with these corporate enterprise contracts is literally your conversation history and companies aren't like…
According to your logic, it should have a market cap of $2.6 trillion.
Conservative is to look at P/E, which is 10 for Mercedes.
Anthropic isn't even a growth stock, since it has already been force fed to everyone with one of the largest marketing and coercion campaigns in history.