Is It a Bubble?

In his latest memo, Howard Marks addresses the much-asked question, “Is there a bubble in AI?” He identifies the uncertainty associated with AI investments and the conspicuous parallels to previous bubbles, while also acknowledging why those comparisons could be inappropriate. Given AI’s vast potential but numerous unknowns, no one can say for certain whether investors’ current enthusiasm is merited or irrational. Thus, Howard emphasizes the importance of prudence and selectivity in navigating this transformative yet unpredictable technological revolution.

You can read the memo here (https://oaktreecapital.com/insights/memo/is-it-a-bubble).

A Positive Thought

I would append to the end of this episode, the aspect not looked upon is the affect of AI shifting family life back to the ‘traditional’, but ‘new normal’ version, of one parent is ABLE to stay home, while the other is working. And that’s to be interpreted just as such. Male or female, makes no difference, one can work, the other can be Suzy or Scott Homemaker. The economy would work itself out to that new paradigm. You lost your job to AI? Cool. Stay home, here’s a a bit of UBI while the new system settles, and here’s some resources to help figure out how you’ll navigate being a stay at home parent/spouse/ whatever. I’m a fireman who has a 24/72 hour on/off schedule. I’ve been ‘Sam Homemaker’ for 16 years. My off days, I do the house and family stuff. It’s awesome.

And that kinda rules….