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I definitely think that he thinks he's smarter than the market and sees bubbles everywhere, and I also definitely think that there's a gigantic AI bubble, or at
by furyg3 11mo ago
I definitely think that he thinks he's smarter than the market and sees bubbles everywhere, and I also definitely think that there's a gigantic AI bubble, or at least extreme 'frothiness' with all this circular investing to prop stock prices up.
Actually turning a bubble into money is another question entirely, however, especially since he himself popularized shouting the emperor has no clothes at every turn. When the market will believe someone is a different story.
- Zigurd 11mo agoEven with obviously ridiculous valuations, being a short means thinking you're smarter than the market, and you can time it, and you are smarter enough that a structurally disadvantaged investment is a good idea.
- emil-lp 11mo agoSmarter has nothing to do with it, see e.g. tragedy of the commons.