Comment by jstummbillig
Comment by jstummbillig 15 hours ago
Hm. So what's the idea. All of FAANG, all investors, they all do it like that citibank person said, who failed catastrophically, because...? At best this tale reads to me: Even if you are fully aware, and super big, you are high risk of losing it all, and most people will lose it all. Is everyone who was involved in building these mega corps by investing smartly over fairly long periods of time now delusional, at the same time? We can see it, but they can't? Is that what's required to explain it?
I am not much of a trader, but I assume there are always insane opportunities to invest a few billion dollars in high risk/high gain stuff, no? Why wait for AI? You can try to time any market. What explains the enormous amount of money into this one?
Firstly we don't factually know if it's a bubble. Maybe there's some beyond LLM breakthrough and everything turns out right? Even if it's a bubble, we've no idea how long it has to run. Could all burst tomorrow, could be in a few years. In some scenarios you're going to miss a lot of growth by exiting the market now.