Comment by JCM9
10 days ago
To be clear when I said “finance folks” I wasn’t really referring to VCs. I’m talking more family office types that manage big pools of money that you don’t know about. The super wealthy class that has literally has more money than the King but would be horrified if you knew their name. Old money types. They’re well aware of the “dumb VC” vibe that just throws money after hype. The finance folks I’m talking about are the type that eat failed VCs for lunch.
And what is it that you believe about these old money types' knowledge of AI and why is it that you believe it?
I hate to break it to you, but this is besides the point.
The marginal investor is the price setter, you, I and everyone else are just price takers in the market.
If enough marginal investors decide assets are over-valued, you have no choice but to accept it.