Investing Experts Ice cold, zen-like investing with Alex King
Oct 26, 2025
Alex King, an investment analyst and founder of Cestrian Capital Research, shares his unique 'ice-cold' approach to navigating volatile markets. He discusses the early stages of the AI demand cycle, forecasting a 'trough of disillusionment' before mainstream adoption. The podcast dives into Tesla's narrative beyond just automobiles and critiques the speculative surge in gold prices. King also analyzes the semiconductor sector's potential pitfalls and emphasizes regulated crypto ETFs for safer investment strategies.
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Episode notes
Stay Ice-Cold And Data-Focused
- Keep investment decisions cold and detached from politics or social media noise.
- Focus on price, volume, and fundamentals rather than narratives.
AI Demand Cycle Is Early
- The AI demand cycle is still early despite impressive demos and rising unit growth.
- Expect a trough of disillusionment as use-case economics and limits become clearer.
LLM Design Limits Create Power Bottlenecks
- LLMs today are compute-hungry because they brute-force pattern prediction.
- A new design or more efficient silicon could cut compute needs and reshape the market.