
Yet Another Value Podcast February 2026 Random Ramblings
Feb 17, 2026
A tour of the spreading AI panic hitting SaaS, office REITs, trucking and more. Discussion of why software with intangible assets feels vulnerable as models improve rapidly. Exploration of hard assets as a perceived safe haven and whether they can withstand AI disruption. Reflections on updating priors, investor psychology, and balancing conviction with humility.
AI Snips
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Episode notes
Haircut From A YouTube Comment
- Andrew shares a humorous personal story about getting a haircut after YouTube comments criticized his appearance.
- He uses it to remind listeners not to take his investing views as advice.
AI Panic Is Broad And Rapid
- Andrew Walker observes an AI-driven panic is hitting SaaS and bleeding into other sectors like office and trucking.
- He warns exponential AI progress makes intangible-heavy businesses uniquely vulnerable.
Past Panics He Regrets Missing
- Andrew recounts prior panics he wished he'd leaned into: banks (2023) and busted biotechs (2025).
- Those panics worked because companies traded below tangible asset or cash value.
