I know this isn’t wallstreetbets but I can’t help but wonder if this is a more secure investment than the usual S&P500.
That difference…
I’m surprised to see this community of all places pushing back on the idea that LLM companies are in a financial bubble.
AI is perfect for fueling a financial boom: great narrative, incredible promises in short and long term, huge needs and potential, and high risk that it will go terribly wrong. Bankers love that and can create unlimited credit to fuel the fire. But since they constantly create new gambling products, one can also bet that it’s not fueled enough and is about to crash. Total schizophrenia.
Chat is this good?
On the one hand, we all know AI is on a bullshit hype train headed straight for a wall.
On the other hand, I’ve never met anyone I trusted less than anyone associated with Goldman Sachs.
Let me introduce you to Wells Fargo
Honestly given how much of a Cargo Cult the finance industry is, I would expect you could outperform the market and investors far more knowledgable than you simply by refusing to be a fool about AI and get scammed by its hype.
Idk specifics here, but the logic is very sound.
The tacit assumption that troubles me is the idea that the stock market must sooner or later bow to reality in a way that is proportional to its flights of fancy. The basic ideas that underpins value investing, in other words.
Putting it mildly: I don’t feel confident that can be relied upon in 21st century US markets.
I can’t find it in my trading apps. Happy to look into it.
It’s available exclusively to Goldman customers, created in collaboration with S&P Dow Jones Indices.
