Real Vision: Finance & Investing Drinks With Real Vision: Andreas Steno & Mikkel Rosenvold
9 snips
Mar 2, 2026 Two finance thinkers trade drinks and jokes while dissecting stocks, commodities, and geopolitics. They debate AI’s real impact on jobs and markets and why vertical integration keeps incumbents dominant. Conversations roam from silver and crypto-as-SaaS to European banks, private credit risks, and the macro picture of inflation and PMIs. Local Copenhagen tips and cultural takes on Norway vs Sweden add color.
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AI Predictions Are Inflated And Timelines Shift
- AI hype is driving extreme predictions about job losses, but timelines keep shifting as CEOs moderate claims.
- Andreas Steno Larsen points to Dario from Anthropic moving from 12 months to 1–5 years as an example of goalpost shifting and market impact.
Interface Cloning Doesn’t Replace Deep Integration
- Recreating user interfaces is not equivalent to replicating deeply integrated enterprise systems.
- Andreas uses the Vibe-coding of Bloomberg to show interface cloning ignores decades of backend interconnections that make Bloomberg sticky.
Ship Quickly And Build Vertical Integration
- If you build software now, ship fast and secure vertical integration and users before the big AI incumbents dominate.
- Mikkel Rosenvold warns unshipped, non-integrated SaaS projects are too late against OpenAI/Anthropic/Perplexity.