Degrossing, Valuation Multiples, and Talent Effects

(0:00) Bestie intros

(1:22) Claude's hit list, SaaS crash, and Citrini's AI letter

(30:39) Why Doomer narratives are more popular, valuable new AI jobs

(40:19) Understanding the Rate Payer Protection Pledge, what's behind datacenter opposition?

(52:13) State of the Union reactions

(1:03:58) Science Corner: Cure for blindness via Yamanaka Factors?

(1:10:17) SCOTUS strikes down tariffs, Trump pivots

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Intro Music Credit:

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Intro Video Credit:

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Referenced in the show:

https://www.investing.com/news/stock-market-news/wolters-kluwer-relx-shares-slip-after-anthropic-unveils-aienhanced-legal-tool-4481124

https://www.barrons.com/articles/ibm-stock-had-worst-day-in-25-years-ai-disruption-fears-5f632d6c

https://www.forbes.com/sites/daniellechemtob/2026/02/24/forbes-daily-ibm-suffers-its-worst-day-since-the-dot-com-bubble

https://x.com/chamath/status/2027077786503164260

https://www.citriniresearch.com/p/2028gic

https://thedefiant.io/news/tradfi-and-fintech/credit-card-stocks-fall-after-citrini-ai-report

https://x.com/TurnerNovak/status/2026332990914101699

https://x.com/anistotle_/status/2026306126674108788

https://www.notyourtypicalfinancebro.com/p/vibe-laundering-pt-2-citrini-the

https://www.goodreads.com/quotes/457097-nobody-knows-anything-not-one-person-in-the-entire-motion

https://www.derekthompson.org/p/nobody-knows-anything

https://x.com/kalshi/status/2027040345419129166

https://x.com/StockMarketNerd/status/2019837212515528730

https://www.citadelsecurities.com/news-and-insights/2026-global-intelligence-crisis/

https://x.com/DavidSacks/status/2027087693327237251

https://x.com/levie/status/2026885050411745491

https://x.com/typesfast/status/2026998028222013679

https://x.com/cboyack/status/2021647373571862952

https://x.com/chamath/status/2025369318696124859

https://x.com/pat_hedger/status/2026742424471560636

https://x.com/SemiAnalysis_/status/2026719180284666046

https://x.com/WesternLensman/status/2024661247296172486

https://www.bloomberg.com/opinion/articles/2026-02-20/supreme-court-s-tariffs-ruling-finally-holds-trump-accountable

https://polymarket.com/event/will-the-court-force-trump-to-refund-tariffs-2026-06-30

https://polymarket.com/event/will-congress-pass-any-tariffs-by-march-31