the market can remain irrational longer than I can stay solvent
2. Get it wrong
3. Excuse yourself by claiming market is irrational
There is nothing controversial about claim that markets are irrational, bubbles pop impossible to predict while bubble being visible. Previous bubbles were the same.
Imagine there was a guy. He kept predicting that a war may happen in 1 year. Keeps getting it wrong. In 59 a years a war does happen. He then retroactively justifies his wrong predictions by claiming “but people are irrational and it’s hard to predict”.
Markets being irrational is again, nothing controversial.
That is history. Your war predicting guy is a made up analogy. And he may just be correct about his assesment of the situation - war is being actively planned and prepared, actors want it and we are all waiting till Trump or Hitler or whoever decides that "now".
He is not giving investment advice, in any case.
You can’t keep saying bubble will pop and then retract. People catch on.
Zitron's claims are wrong even if the AI bubble ultimately pops. Being directionally right about stuff like this is worse than useless and makes people overcredulous of the other side.