Season 7 · Episode 3
AI Stocks Can't Lead the Market Much Longer. Invest Internationally Instead: Dan Rasmussen, Verdad Capital
The Contrarian Investor Podcast · Nathaniel Baker
February 21, 202542m 22s
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Show Notes
Dan Rasmussen of Verdad Capital joins the podcast to discuss the dwindling prospects for AI stocks and why investors might want to look outside the US for better returns. This podcast episode was released to premium subscribers on Monday, Feb. 17, 2025 without ads or announcements. For more information about premium membership options, visit our Substack. Content Highlights
- AI stocks have been on an incredible run, massively growing profits without much capital spending. That equation has changed... (1:51);
- Tech companies are going from software businesses to manufacturing concerns -- capital- and energy-intensive businesses that simply can't produce the same growth as previous (6:03);
- DeepSeek claims to be able to reduce the cost of AI applications. How does that factor in to the equation? (9:09);
- So if the 'Mag 7' and AI stocks won't drive the market higher, then what will? Where will growth come from? (12:16);
- One place to start is to look for global diversification. Outside the US, stocks are meaningful cheaper... (15:24);
- The guest's book 'The Humble Investor' (21:37);
- What can supply 'edge' in investing? There are some things. Legal ones... (27:10);
- Background on the guest (33:02);
- The guest is a historian by trade. What historical period is perhaps most comparable to the present day? Unfortunately, it looks an awful lot like 'peak bubble'... (36:08);
- Website: VerdadCap.com;
- Twitter/X: @VerdadCap.