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TIP650: Stock Market Bubbles, AI, & Climate Change w/ Jeremy Grantham
We Study Billionaires - The Investor’s Podcast Network
Every Innovation Faces a Bubble and a Bust
Significant innovations, regardless of their potential impact, often undergo a cycle of rapid growth followed by a dramatic collapse. History showcases this pattern with examples like railroads and the internet, where initial success leads to financial bubbles that eventually burst, impacting investors rather than the underlying technology. AI is poised to follow this historical trajectory, suggesting that while it may represent a serious advancement, it is likely to experience a similar cycle of hype, decline, and eventual stabilization. The uncertainty surrounding financial gains in AI underscores that the introduction of a brilliant idea does not guarantee success and often comes with challenges that must be navigated for true progress.
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