Anthony Pompliano

The market's wrong about private equity.

I hear that repeatedly.

Those people are wrong.

They're making a big mistake.

Now, I can create a narrative and say that AI disruption will

wrecked the terminal value of a software company because now you have to price them differently.

That's a narrative for me.

Now, I believe it.

And I believe it more when I don't hear people admitting that who don't use AI because their value doesn't go.

So I told you my father trained me in handicapping.

Another thing he trained me of is he said, you're going to get better odds on the horses if you go to Pompano Racetrack in Florida, where it's mainly betters

who are not as sharp as they are at the Meadowlands or at a New York racetrack where professional gamblers are going there.

If professional gamblers make up 30% of the betting pool of a track, and down in Florida it's mainly tourists and old people just going out to have a good night,

The reason gamblers don't go there is because there's not enough money to bet.

You'd impact the odds.

But he took me to both tracks.

The reason I bring that up is that's the way the market kind of goes.

So the reason I use sentiment from people is go, what do you think about AI disrupting software?

That's not right.

Even when really smart people who are in the public know, who say this is just like the dot-com bubble, who are tech people, I don't say they don't know anything about AI.