3min chapter

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It Can Always Go Higher | "On The Margin" Round Up with Byron Gilliam and Jack Farley

Forward Guidance

CHAPTER

The Mania of AI

I don't think we're in any kind of a mania at all. I'd be surprised if we ever got there. Like markets are different than they, than they were in 1999. There was just a lot like, you know, companies stay private longer now. And then venture capital, the valuations can creep up higher for longer before they have to go on to the IPO. You know, Uber can become a $60 billion company and then IPO, it doesn't have to IPO at a smaller valuation. So a pessimistic skeptical view is like the markets have become kind of a dumping ground for venture capital.

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