John Coogan

But what's interesting is that at this time of economic uncertainty and all these questions about hiring, questions about economic resilience, they are increasing revenues, increasing attendance, increasing customer spend.

And that's what's driving the stock today.

And so I was looking at these two companies and I was like, they sort of fit into this barbell thesis of the AI future, which I've been seeing pop up more and more.

And the two examples that I always give are, one, the Ellison family is both like long slop and long anti-slop.

have a ton of infrastructure investments in AI through Oracle.

And then they own legacy media like Batman, Superman through Warner Brothers.

And then Josh Kushner is doing a similar thing with OpenAI and the San Francisco Giants, like two completely opposite ends of the spectrum.

So you can think of roller coasters as potentially like anti-slop because you can't vibe code Space Mountain.

But it's interesting to sort of like dig into the weeds of what's going on in the

global economy and the American economy and seeing where the unsuspecting winners are.

Ryan Peterson shared a chart from the Financial Times that perfectly illustrates our possible futures.

This is so funny that this is in the Financial Times, but they fully embraced what happens in the human extinction tech singularity and the end of scarcity tech singularity.

In the bull case,

Real GDP per capita goes north of a million dollars.

And in the human extinction scenario, it goes to zero, of course.

But the AI-boosted growth path is a steady trend upwards.

And that is the goal that I think everyone should be working for, potentially the end of scarcity outcome as well.

And I think this chart that Ryan shares is sort of I think why there's anxiety in the market because there's this, you know, the whole like you're not prepared if it's not a bubble concept, but there's like a dual anxiety where like if AI gets too good, there's mass unemployment, everyone's worried about that, but if AI is a bubble and it collapses, you go into a recession and everyone loses their job and like you're in a similar scenario of like economic anxiety for both

Not necessarily the true doomers.

I mean, obviously they face a similar opinion.