1881 and 2023

Amar Pandit , CFA , CFP

In 1881, New York Times cited academics who said telegraphy will end the world.

Can you imagine your life without telecommunications today?

Can you imagine your life without all the things that came out of this innovation?

Can you imagine your life without mobiles, without the internet, without all the industries that rely on telecommunications meaning every other industry including airlines?

You can’t… I can’t…No one can…

But we continue to believe such nonsense when it’s the flavour of the day…

Fast Forward 2023…

The same New York Times wrote, “AI will end the world.

Will you believe this nonsense?

Many do.

As Mark Twain wrote, “History doesn’t repeat itself, but it often rhymes.”

Aren’t we witnessing a similar trend about how AI will end the world?

I will do a separate post on this but the point I wish to make is that your success as an investor lies in your ability to filter noise, bullshit and bullshitters.