Arthur Hayes
speaker
1,864 appearances
4 recordings
3 series
first heard Jan 2026
last heard 22 Jun
Arthur Hayes’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Jan 2026 with 2.
Appearances
Same with Facebook.
Same with Amazon, right?
They did well after the capex boom.
So investors will realize that situation like, oh, shit, I'm investing in new age railroads.
I don't want to be in that.
Let me get out of that.
Yeah, I mean, yeah, if AI is a thing that powers the American and Chinese forward economy, and literally all we're doing is building out essentially a railroad for other awesome entrepreneurs to build something on top of, well, again, the railroads are not great businesses long term.
They're...
a natural monopoly, if you want to call it that.
I think you mentioned it because the return on capital is not there.
When you invest alongside the government, at first it feels great.
Oh, great.
I've got the government behind me.
They're just going to like pump my bags, right?
People feel great that the United States government is now getting into industrial policy, that they're pumping nuclear, they're pumping AI, they're pumping semiconductors.
Well, guess what?
Go back and become a Chinese investor.
And look at the average return over the last 20 years.
Who did really, really well?
Yes, China built all this amazing infrastructure that helped the average person upgrade their standard of living.
Showing 1081–1100 of 1,864 · page 55 of 94
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