I think when we look at the bubble question on AI, what a lot of people don't realize in bubbles is through all technologies, they think that they are betting on the technology when they buy the stocks in the companies. That's not true. Okay.There's a giant difference between the behavior of the companies and the behavior of the technologies. And that the norm is in these is that a lot of companies won't survive in the start yet very small percentage and they'll all fight and so on but the technologies will ...

I'm worried that people are missing the big picture of what's going on with the war of Iran. Most people pay attention to oil prices and the cost of living. Uh some watch the fight with Iran with the same sort of interest as they're watching a sporting event.Uh yet the battle for control of the Strait of Homo has many historical precedents that make clear that the consequences will greatly affect them and reverberate around the world. I really believe that you need to understand this. If you're interested, ...

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I believe that it has to be done as a a partnership. You can't go to the AI and say what do I do. What do I do.And be um stupid and follow. The future lies in brilliant people working with brilliant AI and also working with um programming experts to create decisionmaking systems because the ideas of that you're going to wrestle around with everything in your head and juggle it and make winning decisions is obsolete. You need a partner, an AI partner to be a able to operate that way.And so I I'm very excited ...

The way I learned to invest was to write down my criteria when I was making a decision. Every time I'd make a decision, I would then think, why am I making that decision. And then I write down the criteria and see how it would have worked in the past.It took me a while to do this because of my experiences. And also, you know, when you're wrestling with positions, particularly a position that goes against you. Yeah.>> You know, you're wondering, am I missing something. How long do I hold that position and wh ...

In order to have a balance, a successful economy, uh a successful capital market, since one man's debts are another man's assets, you have to keep interest rates not so high that they crush the debtor, right. >> Without having them so low that they are bad for the creditor, >> right. So you see these cycles when we had uh zero interest rates and negative real interest rates.What you saw was massive creation of credit and and money and borrowing and so on. That's what the cycle looks like if you have losses. ...

We've talked a lot about the big cycle and how the monetary order as we know it, the domestic political order as we know it and the geopolitical order as we know it along with technology and changes in um uh nature are having a huge effect in a ways that they have done before and that is the big cycle as I call it. It explains what we can learn about our environment and particularly investing. I want to now pass along to you the chapter of my book, The Changing World Order, which is um investing in light of ...

I'm launching on Substack. At my stage in life, I want to pass along whatever I've learned that could be helpful to others. And that's why I'm doing it on Substack for free.I hope you'll check it out, and I hope we'll be able to be in contact this way. And I hope that it'll help you as it's helped. ...

the old world order is dead and there's a new world order and it's important to understand that five years ago um I wrote the book uh the changing world order and I described history and the cycles of history just by way of example Chancellor Mertz the head of the uh German government said the world order as it has stood for decades no longer exists and this was echoed by French President Mcronone by US Secretary of State Marco Rubio and so on. In order to understand what that means and what it's like, what ...

Do you have any tips on longevity. Because we're like, well, we want to be doing this again in 10 years and maybe again in >> No one's asking us about in 40 years. Yeah.So, >> um, meaningful work and meaningful relationships. In other words, is it your passion to make it as great as it can be and a shared passion. And are you doing it with people that you care about and you have meaningful relationships.And if you've got that, you know, you've got the energy to keep evolving. And, you know, that's what it's ...