🟢 [E1194] Louis Gave: If knowledge is free thanks to AI, investors could fall back on things they can touch - copper mines, oil rigs, refineries. Not great for relative US stock performance vs rest of world.

🟢 [E1951] If knowledge is suddenly ubiquitous and free thanks to AI, investors could fall back on things they can touch - copper mines, oil rigs, refineries, turbine manufacturers. AI seems to be destroying US outperformance rather than solidifying it.