37sec snip

We Study Billionaires - The Investor’s Podcast Network cover image

TIP650: Stock Market Bubbles, AI, & Climate Change w/ Jeremy Grantham

We Study Billionaires - The Investor’s Podcast Network

NOTE

History Predicts the Rise and Fall

The trajectory of technological advancements often follows a pattern of rapid growth, leading to a bubble and subsequent decline, before stabilizing into a serious and sustained phase. The internet and companies like Amazon exemplify this cycle where initial exuberance can lead to significant losses, such as a 92% drop in stock price. AI, while currently perceived as a serious and transformative idea, may also be poised to follow this historical pattern of boom and bust, suggesting that such fluctuations are consistently inherent in the evolution of groundbreaking technologies.

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