Ryan Miller
speaker
4,581 appearances
12 recordings
2 series
first heard Mar 2026
last heard 10 Aug
Ryan Miller’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 — 12 in all, peaking in Jul 2026 with 4.
Appearances
This is bubble beta.
This is the layer where the bubble actually lives.
And it is a layer where m the most amateur capital is crowding in the hardest.
Precisely because it's the only layer most people can even see from where they're standing.
So here's the entire game compressed into one sentence.
Most investors are crowding into rung five and calling it investing in AI.
The allocators who are going to win this decade are climbing up to rungs one, two, and three, and they're getting paid.
Contracted asset backed protected returns.
On the exact same mega trend with a fraction of the downside.
Same wave, completely different risk profile.
That right there, that is the edge.
That's the whole thing.
Now, I want to give you the single most important constraint in this entire build out.
The thing almost nobody outside this industry truly understands is the thing that separates a real underwriter from a tourist with a thesis is power.
And here's the reality.
You can't run an AI without an enormous amount of unimaginable amounts of electricity.
These data centers do not draw what a normal building draws.
A single large AI data center can draw what an entire small city draws.
And the binding constraint of the entire AI boom right now, it's not chips and it's not even capital.
It's power.
Showing 1361–1380 of 4,581 · page 69 of 230
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