Marks criticizes daily market commentary writers who predict the future and are only right half the time on average.
“And if if they ever kept a scorecard on the things that they wrote about what's gonna happen tomorrow, they would see that on average they get it right half the time”
Marks warns that anyone claiming to know AI's future doesn't understand the situation, comparing it to the first inning.
“if you think you know what's gonna happen, you don't know understand what's going on. We're at the we're in the first inning”
Marks argues anyone claiming to know AI's trajectory doesn't understand the situation; we're in the first inning.
“I would say if you think you know what's gonna happen, you don't know understand what's going on. We're at the we're in the first inning of a very long unpredictable game.”
Marks says if you think you know what will happen with AI, you don't understand what's going on.
“I would say if you think you know what's gonna happen, you don't know understand what's going on.”
Marks wrote that if AI exuberance doesn't produce a money-losing bubble, it will be the first technological innovation not to.
“So I wrote in a memo recently this year, and I think it's true that if this technological innovation with its exuberance doesn't produce a money losing bubble, it'll be the first.”