Ed Elson

I mean, imagine you are an asset manager and you've been invested in, let's say, DoorDash for a number of years.

And you've done pretty well if you were an early investor.

And imagine this

article comes out because your friend's friend sent it to you over DM on Twitter, and you read it and you see the name DoorDash, and the guy who wrote the article says that DoorDash is gonna be the poster child of the AI apocalypse.

And then you see people retweeting it and people commenting about it, and then you start to look at the markets, maybe you see a little bit of a drawdown beginning to occur, and then suddenly you say, oh my gosh, all bets are off, I'm panic selling right now.

That is such a crazy thing to do.

And what I would love to know is like, who is actually selling right now?

I mean, we could talk about the macro themes in this blog post.

I think there's a lot in there that is very interesting and that we should take seriously.

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.