Bloomberg Businessweek Bloomberg Businessweek Weekend - January 31st, 2025
9 snips
Jan 31, 2025 This week features the brilliant Mihir Desai, a Harvard finance professor, who delves into the influence of AI on the economy. Jason Liberty, CEO of Royal Caribbean, discusses the cruise industry's focus on multi-generational travel and tech advancements in booking. Carolee Lee, founder of WHAM, advocates for increased funding in women's health research, while Kristen Olszewski of Nomadica Wines innovates wine delivery with cans and boxes. Eric Skye from Carbone Fine Foods shares insights on premium pasta sauces and the evolving food market.
AI Snips
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Episode notes
Big Tech Eating Itself
- Big tech companies, the Magnificent Seven, are investing heavily in each other, creating a closed loop.
- This might lead to unsustainable low returns in the long run, similar to historical examples like railroads and steel.
Concentrated Investments and AI
- The interconnectedness of big tech investments raises concerns about overall market stability and the potential for limited returns.
- The DeepSeek example highlights the difficulty of establishing a competitive advantage in the AI industry.
Diversify Investments
- Reconsider investing heavily in index funds dominated by the Magnificent Seven.
- Explore broader indices, value indices, international options, and fixed income.