Ed Elson

But the selling pressure that we're seeing after these blog posts come out, it's sort of the same thing with the other blog the other week.

Something big is happening.

Another dude writing a think piece.

It's a creative writing project, not telling us anything new, telling us all the same things that we already know, but reframing it in a creative and slightly doomerish way.

And then suddenly we're deciding to just re-rate everything based on that interesting and creative think piece.

I mean, it really doesn't make a lot of sense.

So I think that your instincts are correct on that.

the blog itself, I mean, some of its conclusions I think are fair and worthy of discussion.

I think that there is a real unemployment risk here with AI that is worth talking about.

I think that

the way that the article kind of ties in all of the different elements and pieces in the ecosystem and how there could be a chain reaction that is triggered by AI.

I don't agree with the idea that it's going to bring down the markets by 40%.

I think that's way over the top.

But the fact that all of these things are interconnected, I think that is a worthwhile statement.

But it's the conclusions that are being drawn

and the actions that are being taken after these things come out, which just makes me think, like, where is your conviction?

I mean, if you were invested in these companies for the past 10, 15 years, and then suddenly some guy writes something and you decide, this is it, now I'm going to sell, it's like, well, then I don't really agree with your prize in the first place if this is what it took.

Some article that some guy wrote online that was kind of interesting and spurred some imaginative thoughts.

So we should turn, I guess, to some of his economic predictions.

The central stat is, again, he's writing this as if it's 2028, and we're looking at what's happening in the headlines.