[jjani]

Heh, this reminds me of a vaguely related lesson I learned recently. Sold Nvidia mid-2023. "Surely everyone understands by now just how much money they're going to be making the coming 2 years, and this is already completely priced in, it's so blatantly obvious!". Heh.

[sanderjd]

Ha, someone who has money to invest asked me about an investment thesis at the end of 2022 related to the release of chatgpt. I said nvidia seemed like the most clearly likely to benefit in terms of public equities, but he said no way, it was already overpriced. :shrug:

Everything hypey overshoots eventually, but nobody knows exactly when!