Classic bubble cycle playing out again — rational early investment morphs into euphoria, overinvestment, then collapse. Most investors ride it up and give it all back. Only a handful of companies survive the shakeout.
Same pattern every time: railroads in the 1840s, dot-com in 2000, now AI. Early fundamentals get drowned out by imagination and momentum. The technology is real, the winners will be massive — but the crowd always overdoes it.
Stay disciplined. Focus on balance sheets, cash flow, and who's actually monetizing. The survivors will compound for decades.
Same pattern every time: railroads in the 1840s, dot-com in 2000, now AI. Early fundamentals get drowned out by imagination and momentum. The technology is real, the winners will be massive — but the crowd always overdoes it.
Stay disciplined. Focus on balance sheets, cash flow, and who's actually monetizing. The survivors will compound for decades.