Peak Prosperity https://www.goodnewsnetwork.org/phase-3-trial-shows-peanut-patch-treatment-helps-toddlers-build-tolerance-to-deadly-allergy/
Nov 14, 2025
Paul Kiker, a wealth manager and principal of Kiker Wealth Management, dissects the potential bubble surrounding AI investments, comparing it to past economic bubbles. He shares insights on the market’s cautious sentiment and the implications of Warren Buffett’s cash reserves. The conversation also touches on political risks tied to youth unemployment and immigration policies. Kiker emphasizes practical risk management strategies for clients and discusses the generational divides affecting homeownership and marriage trends. Silver and gold investment opportunities are also explored.
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Episode notes
AI Boom Mirrors Past Speculative Manias
- The AI boom echoes past manias where narratives justified extreme valuations despite weak fundamentals.
- Cloud and GPU investment may be overbuilt and face structural limits like power and depreciation timelines.
Accounting Masks GPU Capital Costs
- GPU-heavy firms may appear profitable until depreciation and high interest costs are properly accounted for.
- Extending useful lives of expensive chips to justify earnings can hide marginal real profitability.
Power Limits Can Strand Data Hubs
- Overbuilding data centers risks long dark assets if utilities and power capacity lag demand.
- Physical limits like local grid constraints can strand massive AI infrastructure investments.
