Coffee and a Mike Jack Gamble host of "Nobody Special Finance" on YouTube #1245
Nov 6, 2025
Jack Gamble, a YouTuber and investigative financial commentator behind Nobody Special Finance, dives into the complexities of the market. He explores Michael Burry's shorting of Nvidia and Palantir, the pitfalls of the AI bubble, and the shaky foundation of tech valuations. Gamble warns about the risks to average 401(k)s from concentrated index funds and delves into circular accounting practices at Oracle. The conversation highlights the potential fallout from the bubble bursting and the broader implications for the economy and investors.
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Michael Burry Flags The Circular Accounting Risk
- Michael Burry's recent cryptic posts signaled concern about an AI/data-center bubble and circular accounting.
- His influence draws attention back to systemic overinvestment and accounting gimmicks in AI-related firms.
13Fs Are Delayed Snapshots, Not Real-Time Orders
- Burry's 13F showed put options on Nvidia and Palantir as of Sept 30, but filings are delayed snapshots.
- Positions could be old or closed, so headlines can overstate immediate exposure or intent.
Spending Outpaces Revenue Growth In Cloud CapEx
- Burry's charts show CapEx skyrocketing while cloud revenue growth slowed, implying overbuilding without returns.
- He compares the situation to telecom overcapacity during the dot-com bubble.