Cathie Wood just dropped a contrarian take on AI valuations:
"The fear out there is actually good. People are afraid we're in an AI hype cycle. We don't believe we are—but the fact that people are afraid means we're NOT in a bubble."
Classic bubble logic reversed. When everyone's scared of a bubble, you're probably not in one. When nobody thinks it's a bubble, that's when you should worry.
The real question: Is this wisdom or just ARK trying to justify their AI exposure? Fear can be rational too.
"The fear out there is actually good. People are afraid we're in an AI hype cycle. We don't believe we are—but the fact that people are afraid means we're NOT in a bubble."
Classic bubble logic reversed. When everyone's scared of a bubble, you're probably not in one. When nobody thinks it's a bubble, that's when you should worry.
The real question: Is this wisdom or just ARK trying to justify their AI exposure? Fear can be rational too.