Monday, November 25, 2024

The pin that pops the AI bubble

Warning ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­
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A message from Porter & Co.

"If you can keep your head while all about you are losing theirs…"


It's the first line of Rudyard Kipling's famous poem in 1895.


And it's all you need to know to navigate the current AI mania. 


Right now, anything vaguely related to artificial intelligence is being extolled by the media as "the next big thing" and inflating those companies way beyond their value.


In this video I'll explain why I think there's a massive bloodbath coming in AI stocks, I'll show you what you should look to invest in and, more importantly, what to avoid like the plague.


Now you might be expecting me to champion AI and not advise extreme caution… 


And I do believe AI will transform our lives and make us wealthier and healthier. After all, who wouldn't want to eradicate disease and cancer? Who wouldn't want to work less and have more money? 


But I've also been writing about the stock market for a long time, several decades in fact. I've been around for the dot-com boom and bust, the U.S. housing boom, pot stocks' rise and fall, and more. 


And at each turn, the same thing has happened. Wall Street and the media goes absolutely crazy. It borders on some kind of mania, almost hysteria.


So I know, with 100% certainty, that when a bubble appears, a pin will also appear… as certain as night follows day… to burst that bubble.


AI is no exception.  


My new documentary explores the background to this pattern and how and why I believe it will almost certainly repeat itself with the AI frenzy.


I urge you to watch it before you invest another cent.  Again, to be clear, I'm no Chicken Little. Far from it. 


But I am an experienced investor and I'm here to look out for you and give you the benefit of my experience over the past 30-odd years. 


And in this film I'll show you why there has to be a massive correction, the stocks to avoid and the jewels in the rough, the stocks you ought to be investing in. 


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