Jordi Visser

And the reason is because it didn't move for a long time.

I think what we're in is a world where everything is moving faster.

The pace of AI is moving so fast that every time someone wants to, hey, this is X percent above the 200 moving average, I want to get out of it.

And part of what I wrote in there is just a psychological belief with people, which is if you buy Apple, you know, if you bought Apple at $2 and it went from $2 to $100 in a short amount of time, you're going to sell out of it because your brain is going to be like, that doesn't matter.

I don't want to be involved.

If on the other side, it takes 20 years to get there.

same price, you're not going to get out of it as quickly.

So I think the issue that really comes down for people is we're at this point where time has changed.

And the easiest way to say it is when Dario Modi and Demis Hassabis and all of these scientists come out and they say every year in innovation is like what a decade was.

Well, by definition, that means that when we reach the point

of this stuff going, software stocks can quickly go to zero.

They can.

Not all companies will go to zero, but if you're not able to adapt quickly and pivot your business, which is really hard for big businesses, you're vulnerable.

If all of a sudden silver becomes an issue and people realize we don't have enough silver, they start buying for the next five years.

Think about the deals we've seen.

Elon Musk did a deal with Samsung back in July for chips $16 billion and actually bigger than that.

Nvidia did a deal with Samsung in October.

We had this week Corning, which I've brought up on this show, Gap Tire.

And the reason it Gap Tire is because optical fibers were clearly running out because Meta did a $6 billion deal with them.

We are at the hoarding stage of physical stuff.