The AI Stack
The AI Stack. During the California Gold Rush, hundreds of thousands went looking for gold. Very few found it. Most miners made little or nothing. But some people made reliable money: the ones selling the equipment. Your browser does not support the audio element. Striking Gold Gold miners needed tough clothing that wouldn’t rip, and […]
AI Disruption
AI Disruption & War. This market is getting more and more frustrating. AI is going to transform everything – business, education, society – and instead of working out how we are going to use it to improve our lives we are busy chasing our tails and wringing our hands. (Can you do both at once? […]
Psychology of Boredom
The Psychology of Boredom. Since late October, SPY and QQQ have been going nowhere. Plenty of headlines. Plenty of “analysis.” but the reality is just motion without progress. Push to the top of the range. Fail. Drift lower. Hold. Push up again. Rinse. Repeat. Your browser does not support the audio element. An expert on […]
AI & the Dow
AI & the Dow. The Dow reached a new milestone (50,000), and stayed above it for four days – then retreated. Why? The usual ‘AI bubble bursting’ explanation. I’ve been pondering the effect AI is going to have in business and society, which I think is going to be massive. Your browser does not support […]
SaaSpocalypse?
Is it a SaaSpocalypse? It has bothered me for some time that technology stocks are all lumped together. “Tech” has become one of those lazy market labels and covers everything from cloud infrastructure to social media advertising to electric cars to semiconductor factories. Your browser does not support the audio element. The Magnificent Seven We […]
Gold Fever
Gold Fever: a Bubble? Gold has rarely been out of the headlines recently. New highs, endless commentary, breathless explanations. Gold is up. Silver is up. Every move is waved away with the same two words: geopolitical uncertainty. That explanation is convenient – and incomplete. In markets, when a story becomes too simple and too widely […]