但斌最新发声！现在谈AI泡沫为时过早

Core Viewpoint - The risk of missing an era is far greater than the risk of prematurely worrying about a bubble, as stated by Dan Bin, emphasizing the importance of adapting to rapid changes in the investment landscape [6][12]. Investment Philosophy - Dan Bin believes that the current AI revolution represents a significant opportunity comparable to the Industrial Revolution, with a potential duration of over ten years [3][16]. - The investment strategy focuses on identifying companies with long-term certainty and strong competitive advantages, particularly in the global technology sector [5][10]. Market Predictions - The year 2026 is anticipated to be a pivotal year for AI application, driven by intense competition among leading tech giants like OpenAI and Google [5][10]. - The current trajectory of the U.S. stock market resembles that of 1998, suggesting a robust recovery and growth in the AI sector [7][10]. AI and Human Development - Dan Bin posits that AI could be a crucial starting point for humanity's transition from carbon-based to silicon-based life, potentially leading to significant advancements in human civilization [4][10]. Investment Opportunities - The focus is on investing in companies that can define the future and possess a wide economic moat, with significant holdings in NVIDIA and Google as examples [5][10]. - There is a strong belief that the AI wave will create structural opportunities in the market, particularly in the context of China's economic landscape [10][11]. Advice for Investors - Ordinary investors are encouraged to leverage their ability to invest heavily in identified opportunities, as this is often more challenging for institutional investors [11][24]. - ETFs are recommended as a practical way for investors to participate in market trends, especially in technology and AI sectors [11][24]. Investment Principles - A fundamental principle is to avoid using leverage for investments, as this is considered a significant risk [12][25]. - The true safety margin in investments lies in the ability of assets to create value over the long term, rather than static valuation metrics [19][20].