X @Ansem

RT Just Another Pod Guy (@TMTLongShort)I talk a lot about the bull case re AI because I am fundamentally a maxi and recognize that Street has failed to frame the abstractions properly… mostly due to intellectual shortcomings around non-linearity.Let me play the bear for a second.Normally mgmt is incentivized to take rational risks around ROIC and when the marginal capex doesn’t pencil you return it to shareholders.But what is different this time is the variance of return has gone up dramatically as you star ...