"Buy and Hold" soon won't be feasible
| | .png) | | July 30, 2023 | | Warren Buffett recently shared his thoughts on AI.
“It can do all kinds of things… and when something can do all kinds of things, I get a little bit worried,” Buffett said. “Because we won’t be able to un-invent it.”
In that same conference, he compared its dangers to the atomic bomb.
Watching his remarks, it struck me…
Buffett is known for “buy and hold” investing. He’s said his favorite holding period for investments is “forever.”
But “buy and hold” soon won’t be feasible, as AI disrupts even the most established and well-financed companies out there, sometimes in the blink of an eye.
Like when Google lost $100 billion in valuation in a single day, after it stumbled in the AI war among Big Tech firms…
Or when tech darling Chegg Inc sank 50% in one day from the threat of ChatGPT.
And soon, some blue-chip companies you may think are untouchable will be eviscerated by AI.
You may think that the blue-chip companies your 401(k) is invested in are immune to this wave of disruption.
But a year ago, did you think Google would lose $100 billion in a day from a startup no one was talking about at the time?
The AI revolution is going to catch a lot of people flat-footed… and we don’t want you to be one of them.
I sat down recently for a special briefing with my colleagues Luke Lango and Eric Fry on this very subject.
We called our conversation the “AI Impact Event” and I urge you to watch a full replay here, while it’s still online.
You’ll learn why AI is about to send hundreds of stocks crashing…
Why the three of us teamed up to create the first ever 100% AI focused research project…
And the 9 hypergrowth AI stocks that could jump 1,000% or more as the rest of the market unravels.
If you have any money in the markets, you should watch this now.
Regards, |  | | Louis Navellier
Senior Analyst, InvestorPlace | | | | |
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