Before You Conclude the AI Era Won’t End Like the Dot-Com Era Did, Check Out These 2 Charts

I’ll admit that like many economists and market commentators, I have warned about more market calamities than have actually come to pass. I’ll say this in my defense:

If you ignore risk, you take your chances with what the market does next. If you always seek to account for risk, you can ride the highs without being pummeled by all the lows. Over time, that’s a more gratifying investment experience.