Ed Cole
speaker
303 appearances
1 recordings
1 series
first heard Jun 2026
last heard 29 Jun
Ed Cole’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 — 1 in all, peaking in Jun 2026 with 1.
Appearances
But I think that, and I think probably we also talked about gold and Bitcoin.
But look, I suppose on the one hand, in scores, it looks as though there has been some rotation.
On the other hand, in terms of narrative, America probably would be patting itself on the back for looking more exceptional than ever in terms of having the companies that are absolutely at the tip of the spear.
and what's going on in AI and AI monetization.
And there's a question mark in all of that, which I'm sure we're going to get onto about how sustainable it all is.
I suppose I hesitate to say, yes, we're at the top.
It's incredibly hard to know.
It will be hard to know in some ways until we're quite a long way away from the top because tops are typically quite noisy.
If I take a step back, my glass is half empty as a person, which is both good and bad in this business.
But I think that if I just sort of force myself a little bit to listen to the other side, I would tend to agree with you in terms of hype cycle or bubble.
If I take a step back and listen to the other side, and we have quite lively debates in my company about this, the bulls will say right now that actually the market's derated this year.
The earnings revisions have been so extreme, and they've been extreme everywhere.
It hasn't just been an AI story.
You've seen it even in the Russell 2000 that I talked about, enormous earnings revisions on the positive side.
that there is something going on in terms of a strong economy.
And clearly the hype that we see in AI is, this is the bull argument, justified by what's happened in terms of earnings revisions.
So unlike other bubbles,
You can look at this right now today and say, the market's not that expensive.
If the earnings estimates come through, that's something we talked about a year ago, you and I, if the earnings estimates come through, then the market doesn't look expensive.
Now, I would take a step back and say, and I think this gets exactly to your point about monetization.
Showing 41–60 of 303 · page 3 of 16
← Previous
Next →