Joseph Moore

Because in essence, I am assuming more people will want this in the future than want it now.

And so when you wrap your mind around that, you start to see how the index fund revolution is pouring trillions of dollars into this system.

You start to realize that it is more the volume coming in that I'm betting on and betting that the volume isn't about to turn around and go out.

that's really rising my boat.

Best bet I ever made, and I want to make sure everyone understands that when you're a history professor, you are not rolling in cash, right?

So it's not like I'm stroking massive check.

These are all like play money.

I didn't have a lot of money to lose or play with, but I would play with that money to try out these strategies.

Best bet I ever made was when I read an article in The Economist about this new thing called artificial intelligence and LLMs that were being experimented with.

And I went and watched the very first, this is how old this is.

This is the very first video.

I think it's anthropic.

No, not anthropic.

It's open AI.

They did like a let's make hangman video.

This is the very early iteration of LLMs.

And they're like telling it to basically make the game hangman.

And it did it.

And I thought, huh.

And between The Economist article and that, I thought, OK, what's the thing?