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
But as an investor on a long-term basis, you made no money in China.
You invested on the side of the government.
You provided your capital.
China's government said, great, thank you for that capital.
I'm going to build airports, roads, apartments, whatever.
On a macro basis, you made no money as an equity investor in China.
Now, they're great for society, bad for investors.
We're going to repeat the same thing with AI in the United States, especially.
AI is great for society, hopefully, bad for individual investors who hold these investments too long.
Because yes, it feels great investing with the government right now, but maybe by 2028, not so great when Nvidia was up 10x, but now you're down 90% because you can get out in time.
So I think that's the lesson.
And as you said, right?
These are great investments for the collective, right?
But it's bad for the shareholder.
Right now, Trump and whoever else comes after him are going to be like, yes, we're going to support the shareholder.
We're here to make sure that the private investor makes money.
But guess what?
Trump's a politician.
What if you invest with Trump on some semiconductor fab?
You want to reduce headcount by 50% because that's more efficient.
Showing 1101–1120 of 1,864 · page 56 of 94
← Previous
Next →