> market can stay irrational longer than you can stay solvent.
This is more mantra - professional shorts exist and they make money. So either you know something (in which case you'd be mum about it and just placing your bets) or you know nothing.
This is more mantra - professional shorts exist and they make money. So either you know something (in which case you'd be mum about it and just placing your bets) or you know nothing.
You can't both talk about "professional shorts" and use it as an argument against somebody who is not a financial professional. This argument is invalid because not every person who is skeptical about current AI companies' perspectives is willing or able to become a professional short just to make a point on it. One can have a perfectly valid argument and still not be a professional short based on it.
No amount of hype from your side can make it a non-bubble market when OpenAI and other companies make wild and impossible to fulfill promises for infrastructure buildup that rely on vague promises of circular money lending between AI SaaS and infra companies.
"The bubble is both obvious and also completely unpredictable".
Makes sense.
But if we lay off the bong for a bit and think soberly, then no, knowing that certain economic process is not sustainable and will eventually collapse, but not being able to profit from it is not the same as saying every bubble would pop at the heat death of the universe, billions years for now. It's so not the same that the very comparison should be immediately perceived as absurd.