"The driving force was the internet, and growth was almost completely out of control. The limiting factor was supply chain: lead times stretched out and nobody wanted to cancel orders, which can disguise a lot of problems."
"AI will change the way we work, live, learn and play, just like the internet did, and it will drive productivity for the next decade and the decade after that."
"We're in the very early innings of an endurance baseball game with 100 innings that's moving at tremendous speed."
The Buffett Indicator shows that total stock market capitalization to GDP is at 232%, surpassing the 200% threshold. John Chambers, former CEO of Cisco, notes similarities and differences between today's market and the dot-com boom. He highlights that AI is a driving force, similar to the internet, and will significantly impact productivity. However, he emphasizes that the current market is in the early stages of development, with major companies rapidly investing in AI, indicating a different dynamic compared to the past.
Read at Fortune
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