AI is a major technological shift, but that doesn’t make

回答: it doubled from 4 to 8pega2026-03-16 12:38:27

long?term returns useless. Long?term data isn't about old technology—it's about how humans overprice change, how competition compresses margins, and how capital cycles behave. Every revolution felt unprecedented at the time. The winners change, the speed changes, but valuation, risk, and mean reversion don't disappear.

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