Ed Elson
๐ค SpeakerAppearances Over Time
Podcast Appearances
I think it is the investor's job to ask what could go right.
Because as you say, if you are an investor and you spend all your time thinking what could go wrong, you are going to get absolutely destroyed.
If you never put your capital to work, if you never take risks, if you always think that tomorrow is going to be doomsday, you're just never going to get rich.
So that's why we're asking this question.
This is an investing show.
If you want a chance of getting rich, sorry, you must ask yourself what could go right.
You have no other choice.
If you want to just sit and stay, you know, never increase your income, never increase your assets, then okay, go for it.
And just always ask what could go wrong.
I also think that it is the government's job to ask what could go wrong.
It's the regulator's job to be asking that question.
What could AI do to job displacement?
How many jobs could it theoretically get rid of?
If that happens, what is going to be our response to that?
How do we regulate this technology such that we don't walk into an economic disaster?
And the thing that I am noticing right now
is that the investors right now seem to be obsessed with the question of what could go wrong, which is a bad idea, and the government seems to be obsessed with the question of what could go right.