Because for the intermediate timeframe until the market begins to take the concept seriously, the value of your investments will be determined by all the other factors which you’re ignoring in favour of focusing on AGI, so unless you want your investment results to be meh for years-to-decades, then don‘t go for some all-out bet on AI.
For most people here, the choice is not between choosing AI stocks based on fundamental value, and choosing another set of stocks based on fundamental value. Rather, it’s between choosing AI stocks based on their fundamental value, and choosing an index fund. If we assume that whatever short term variables affect AI stocks are just as unpredictable as those that affect index funds, the only real risk to investing in AI stocks is that you might not be diversified enough.
In other words, the main argument against investing in AI stocks (conditional on AGI being a real force later this century), is that you don’t want to expose yourself to that much risk. But plenty of people are OK with that level of risk, so I don’t see a problem with it.
For most people here, the choice is not between choosing AI stocks based on fundamental value, and choosing another set of stocks based on fundamental value. Rather, it’s between choosing AI stocks based on their fundamental value, and choosing an index fund. If we assume that whatever short term variables affect AI stocks are just as unpredictable as those that affect index funds, the only real risk to investing in AI stocks is that you might not be diversified enough.
In other words, the main argument against investing in AI stocks (conditional on AGI being a real force later this century), is that you don’t want to expose yourself to that much risk. But plenty of people are OK with that level of risk, so I don’t see a problem with it.