"Never Sell" Episode: AI Doom, Veeva, Research and Writing
For the “Never Sell” podcast, Scuttleblurb and I published a new episode covering investors’ increasing fascination around AI doom scenarios, why we think Veeva is likely to be more insulated from AI disruption, and the value of approaching investment research more as a judge rather than as a lawyer defending the thesis or a stock.
You can listen to it here: Spotify, Apple, YouTube, RSS feed
During the conversation, we mentioned this piece “Infinite midwit” which I really enjoyed reading. While I recommend you read the entire piece, I highlighted the following excerpts while reading it myself:
It’s cool that AI can fold proteins, create websites, fact-check journal articles, etc. but it can’t write anything that I am interested in reading. The problem isn’t that it hallucinates or makes mistakes. It’s that everything it writes vaguely sucks. I drag my eyes across the words and I feel nothing. That’s not quite right, actually—I feel like, “I would like this to be over as soon as possible.”
…the faster you go, the sooner you hit the wall. I have found myself facing all of those limitations at one time or another, and as soon as I overcame them, I was immediately stymied by some other obstacle. I think all of us suffer from this bottleneck blindness: we assume our current bottleneck is our only bottleneck. When you’re strapped for cash, you think all of your problems are cash problems. But once you’ve got some money in you pocket, you realize that what you really need is time. Free up some time, and you discover that you’re actually lacking motivation. Acquire some motivation, and you realize what you’re missing is ideas. Then you need direction, then you need discipline, then you need buy-in, and so on, forever.
As Montaigne put it back in 1580, “though we could become learned by other men’s learning, a man can never be wise but by his own wisdom”. What does it look like to have all the learning ever created, but no wisdom of your own?
I hope the conversation, as well as the aforementioned piece, is a good food for thought for your Friday.
As a reminder, if you have any questions for either MBI Deep Dives or Scuttleblurb, please feel free to email us the questions which we may try to respond/discuss in our future episodes.
In addition to “Daily Dose” (yes, DAILY) like this, MBI Deep Dives publishes one Deep Dive on a publicly listed company every month. You can find all the 67 Deep Dives here.