Spotting Bubbles and Calling Tops

Apparently June is the month to call a bubble if you’re a seasoned fund manager or prognosticator. Meb had Jim Grant on his podcast last week calling AI one of the greatest bubbles of all-time: Jim Chanos says the AI capex is bigger than the dot-com bubble: Jeremy Grantham loves calling for another bubble: So does Ray Dalio: I received a question this week about Dalio’s latest market musings: OK, Ray Dalio...