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Emmet

๐Ÿ‘ค Speaker
1108 total appearances

Appearances Over Time

Podcast Appearances

Stock Club
#311: Are We in an AI Bubble?

The reason March 2000 popped out of my mouth was because I remember a very personal story where I was in a hotel in Ireland called Mount Juliet, which is a very nice fancy hotel in Kilkenny in March 2000.

Stock Club
#311: Are We in an AI Bubble?

And it was before mobile internet was

Stock Club
#311: Are We in an AI Bubble?

As reliable and as fast as it is now, in those days with your laptop computer, you slid in this card into the side to give it mobile internet.

Stock Club
#311: Are We in an AI Bubble?

I think it was called a PIMSIA card.

Stock Club
#311: Are We in an AI Bubble?

And it used lots of channels on GSM to bring internet to your computer.

Stock Club
#311: Are We in an AI Bubble?

And I logged in.

Stock Club
#311: Are We in an AI Bubble?

This, for me, is one of the defining moments of my investing life.

Stock Club
#311: Are We in an AI Bubble?

And I logged in to...

Stock Club
#311: Are We in an AI Bubble?

learn of the disadvantages of margin trading as I sat in that hotel, because I had built, by my life standards, at that stage I was 26 years old, by my life standards I had amassed a huge amount of wealth that could never have been envisaged, but as a consequence of investing in the stock market,

Stock Club
#311: Are We in an AI Bubble?

with a bull run, aka the dot com bubble and using margins.

Stock Club
#311: Are We in an AI Bubble?

And all of a sudden my brokerage had locked me out of my brokerage account.

Stock Club
#311: Are We in an AI Bubble?

All I could do was look at it as I was selling positions in order to replenish the debt that I owed as a consequence of borrowing to buy more.

Stock Club
#311: Are We in an AI Bubble?

And this giant portfolio

Stock Club
#311: Are We in an AI Bubble?

um worth a huge multiple multiple multiple of an annual salary was literally dropping by five grand ten grand five grand with every refresh of the screen and that was for me observing a bubble bursting in real time and and uh anyway i go i i digress to tell that story but it was it was very real for me at the time no i i don't think it's a digression at all i think it's a very real very visceral

Stock Club
#311: Are We in an AI Bubble?

I'm really enjoying this question because I'm fascinated in the answer.

Stock Club
#311: Are We in an AI Bubble?

I have no idea, no idea.

Stock Club
#311: Are We in an AI Bubble?

But what I do know was that I tracked C3 AI, ticker AI, for years from IPO through to about two years ago when I thought this is a phony company.

Stock Club
#311: Are We in an AI Bubble?

Now, I won't...

Stock Club
#311: Are We in an AI Bubble?

I won't elaborate on that because I don't have notes in front of me.

Stock Club
#311: Are We in an AI Bubble?

But what I mean by phony was I contacted them actually as the founder of my Wall Street with a view to help us integrate AI into our business before it was everywhere, right?