Ideas Weave Every Narrative with AI.
SpaceX is a paradox: a world-class company built on breathtaking innovation, yet a junk investment by any standard financial model. The hype is real—and so is the risk. To win, you must hold both truths at once and buy only when the narrative breaks, not when it soars.
The AI boom isn’t a technology revolution—it’s a wealth transfer from the desperate to the prepared. History shows that early infrastructure investors in transformative tech (railroads, telegraph, internet) overpay while second-mover application builders capture real value. Smart investors should stop buying picks and shovels and start looking for the future application-layer winners.