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Joined @stephruhle.bsky.social on MSNOW to talk about the AI bubble, its differences to the Dot-Com Bubble, and how if AI "doesn't work out" it's everyone's problem, with retail investors making up 20% of the market's volume and having over $4.65tn in direct exposure to AI stocks.

we're grading on a curve, with this old dude as the baseline also want to say that I am a long-time AI-hater (again, on a curve), who has come late to your writings, but they are exceedingly impressive well done and keep it up! the world *needs* your clear-eyed insight