Full Signal ‘Big Short’ LEGEND shares best stocks for AI DOOMSDAY! | Vincent Daniel
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Feb 27, 2026 
Vincent Daniel, co-founder of Seawolf Capital and one of the investors from The Big Short, is a contrarian value investor focused on macro and financial services. He discusses AI’s macro risks and possible policy responses. He highlights vulnerabilities in software and MAG-7, bullish tradables like gold, gas and uranium, and why Brazil and certain energy names look attractive.
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AI Success Forces A Choice Between Wasted Capital Or Job Loss
- AI's success creates two macro paths: either wasted trillions with low ROI or a transformed economy that displaces many jobs.
- Vincent Daniel argues managers invest for productivity gains that logically imply 20–30% job cuts if AI broadly succeeds.
Productivity Gains May Translate To More Government Jobs Not Private Hiring
- Creative destruction from past tech waves won't necessarily absorb workers displaced by AI; new employment often came from government and healthcare roles.
- Daniel prefers the bearish base case: governments will print money and keep rates low to manage displacement rather than allow mass unemployment.
AI Rewrites Long-Term Growth Assumptions For Software Stocks
- The software melt-up and recent sell-off made sense because valuations priced multi-decade growth and high terminal multiples that AI now calls into question.
- Daniel notes value investors see 60–70% downside scenarios when long-term growth assumptions are revised toward current earnings multiples.