Post #4069720

https://youtu.be/3JjkvLAvS9w?si=Nv7YaJGiil10vfSP The problem isn't the negative cash-flow. The problem is the ROI proposition. Alphabet, Microsoft, Meta, and Amazon are not spending hundreds of billions because they have a clear roadmap to absorb all white-collar labor; they are spending because not building the infrastructure risks total irrelevance if a competitor solves key reasoning capabilities first. a) Won't happen with current models. b) Oracle will fold first, and then bells start ringing c) ROI proposition disappears when clients turn to China I see no sense in the current trajectory. So: kick tech values out, incl. ETFs. Unless you have a strategy and can hedge the risk. My take. #tech #economy #ai #dotcom