> The world runs on certain types of software. I doesn't run on social media, or video streaming, or "AI/ML", or search. So it doesn't actually run on FAANG companies.
To the extent that the world runs on energy and industrials, you're right.
To the extent that tech soaks up human attention, directs spending and emotions, and now serves as the basis for communication and once manual mental tasks, I think you're wrong.
We're seeing that this is cyclical and that access to cheap debt has perturbed the sentiment.
To the extent that the world runs on energy and industrials, you're right.
To the extent that tech soaks up human attention, directs spending and emotions, and now serves as the basis for communication and once manual mental tasks, I think you're wrong.
We're seeing that this is cyclical and that access to cheap debt has perturbed the sentiment.