James Thomson
speaker
2,279 appearances
7 recordings
2 series
first heard Apr 2026
last heard 12 Jun
James Thomson’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 — 7 in all, peaking in May 2026 with 4.
Appearances
Yeah, it's a great question, Maya.
And the answer is yes.
You are about to become even more exposed to the AI trade if you hold index-hugging passive strategies like ETFs, which most of us do, either directly or through our super funds.
Now, there's one thing I think to say about that, Anthony.
There's been a lot of talk about how the rules around these indexes have been bent and we're going to end up with exposure to companies like SpaceX and OpenAI and Anthropic, all wildly unprofitable, all full of hot air.
We're going to end up with exposure to them much sooner than we otherwise might have.
The only thing I'd say is being exposed to the index has been a very, very, very happy place to be for the last three years or so.
So perhaps there'll be some investors who go, eh, that's fine.
That's why I'm in the index.
I don't want to have to make these choices.
I just roll with the tide of the markets and it's generally worked out pretty well for me.
Yeah, mate, your boots are already full of the AI trade.
I mean, that's the reality.
If you've got index funds, they're going to be even more full of the AI trade if SpaceX gets up.
They'll be even more full again if Anthropic and OpenAI get up.
But if all those things get up, these shares will be going higher, so you'll be happy about it as well.
But yeah, definitely concentration risk is one to watch.
And I think if you're worried about it, there's plenty of things you can do.
I mean, you don't have to be in these indexes if you don't want to.
You can put some money in other parts of the market to try and hedge that risk.
Showing 481–500 of 2,279 · page 25 of 114
← Previous
Next →