The Meb Faber Show - Better Investing Steve Eisman’s Playbook for the AI & Infrastructure Boom | #544
11 snips
Aug 2, 2024 
In this conversation, Steve Eisman, known for his pivotal role in 'The Big Short,' shares his insights as a portfolio manager at Neuberger Berman. He discusses the driving forces in today's markets, focusing on AI and infrastructure, while expressing skepticism about crypto. Eisman also examines the potential impact of the upcoming election on market dynamics. His take on financial innovation, national security regarding semiconductor dependence, and key inflection points for investment opportunities are further highlights of this engaging discussion.
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Fed Impact Is Overstated
- The Fed's interest rate moves are already priced into the markets and have limited economic impact now.
- Public fixation on Fed announcements is more about providing commentary topics than reflecting real economic shifts.
AI Adoption Starts with Data Cleanup
- Many companies are currently unable to leverage AI due to scattered and unclean data.
- Early stages of AI adoption focus heavily on data cleansing before AI can be effectively utilized.
Hardware's New Edge in AI Era
- Hardware may outperform software long term as AI reduces software development costs drastically.
- Corporate AI use will heavily depend on cloud services and massive data processing capabilities.