>Yes, that is what the money could have been used for. Altruistic or otherwise
If we take peoples' retirement investments, and spend it on puppy dogs and ice cream for veterans and children, we're going to be in a worse place than we started a few years down the road.
Maybe the market will crash. Maybe it will grow. It's hard to say, but that's the point if investing.
None of this is based on anything that stands up to scrutiny. This isn't investing, this is buying the story being sold for AI.
Lest we forget, A story whose bull case, automates the jobs of many people who are currently employed, creating a gig economy for white collar work.
Anyone who is buying this, is buying this for the potential future payoff. The firms themselves bleed money at scales that makes the destruction in outright war look like a responsible use of resources.
If we take peoples' retirement investments, and spend it on puppy dogs and ice cream for veterans and children, we're going to be in a worse place than we started a few years down the road.
Maybe the market will crash. Maybe it will grow. It's hard to say, but that's the point if investing.