Priced Uncertainty

JENSEN HUANG: “AI-RELATED STOCKS ARE VERY CHEAP RIGHT NOW.”

There it is… 5 days after California’s election, Nithya Raman has just surpassed Spencer Pratt due to mail-in ballots and removed him from the runoff. They’ve still only counted 83% of the votes.

With Climate Doomerism fading, AI Doomerism will become as the central organizing catastrophe on the Left. It justifies their takeover of the economy and especially the information space. And it has enough pseudoscience and Hollywood storytelling behind it to seem compelling.

my first vc story is a crazy one. my 2 cofounders and i met the gp and his investment committee at his office. they were extremely rowdy, couldnt tell if they were taking us serious or not. spoiler: they weren't. right as were about to start the pitch some assistant walks in with three hats and the gp tells us to put them on. a rainbow propellor hat, a magicians hat, and a dunce cap. i wore the dunce cap. couldnt believe it was happening but whatever. gp is now laser focused on our pitch while the peanut gallery throws charcuterie at us and interjects by calling us names. halfway through the gp yelled and asked us what our moat was. a wrong answer was given, he made one of us do pushups until he said stop. a little later he asked the other cofounder to recite the greek alphabet, backwards. his punishment was wall sits. a series of wrong answers and punishments. he made us pitch again a couple nights later. thats another story

These people don't appear on any published rich list. The shadows and gutters of global finance are filled with anonymous billionaires, heirs, and villains. And we don't have a clue.