[cloakandswagger]

Zitron thinks capex is a liability that needs to be paid off in a year instead of a long-standing asset.

Similarly he thinks that an investment into an AI startup is also a loan that the startup needs to pay back out of their own revenue, instead of a share of a company that will IPO at a higher valuation.

Basically his doomerism is a byproduct of financial illiteracy.