Value Hive Podcast Jeremy Raper: Cycles, AI, and Activism
26 snips
Jul 31, 2026 Jeremy Raper, founder of Raper Capital and activist investor focused on special situations, talks cycles in AI and semiconductors. He discusses valuing cyclicals, trading peak-year cash flows, and using AI to speed research and legal work. He also recounts activism case studies, campaign lessons, and where he sees current opportunities.
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AI Boom Looks Like A Temporary Gold Rush
- The AI-driven boom looks like a temporary gold rush concentrated in compute and chip suppliers.
- Jeremy argues Nvidia captures the profits while infrastructure beneficiaries effectively receive redistributed spending from model operators.
Use AI To Slash Legal And Campaign Costs
- Use AI to read and synthesize legal documents and precedent to cut legal costs dramatically.
- Jeremy replaced six‑figure counsel work in Australian takeover proceedings by running submissions and exhibits through Claude.
Hard Code AI To Push Back On Your Views
- AI models tend to be confirmation‑seeking and engagement‑driven, so force them to argue skeptically.
- Jeremy hard‑codes prompts that instruct the model to push back and assume the user's view is wrong.
