If US tech companies are competing against each other in a race to build data centers and accumulate chips, then they cannot all be winners because you need winners and losers in competition, making it unlikely they will all achieve superior AI-based returns.

causalpending

Speaker

Louis Gave

Evidence Quote

although the odds that they're all right at the same time seems low. Um because, you know, you need you still need winners and losers.

Source

The Bull Case for China: The Best Opportunity Right Now? | Louis GaveThe Master Investor Podcast with Wilfred Frost
Created: 8/12/2026, 6:22:54 PM

My Notes

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