I know that everybody on here likes to cosplay as an expert predicting the crash of the #AI #bubble every week.But the fun thing is that even if AI is no bubble, companies are over-investing in infrastructure. The same happened in the railroad boom in the UK or during the .com bubble: every company was investing in infrastructure to the point that a lot of them had to fail to make the market healthy.That makes it hard if not impossible to guess the winner. And even if you had picked one of the winners in the .com bubble (e.g., Amazon or Cisco), you would have been down for a decade afterwards.But buying at the peak of .com, the subprime crisis, or the Covid bubble, would all leave you up today. You cannot time the top, you cannot time the bottom. Buy and hold + diversification are still the winning strategy – whether you believe AI will crash any day now or moon real soon now.Good analysis by Patrick Boyle. youtube.com/watch?v=wTiYaWFP59Q
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