Take a step back, what's the biggest price anomaly?... I think a massive price anomaly is the share price of Nvidia and the share price of Facebook [Meta Platforms] and the share price of all these guys that are today incinerating cash on the hope and promise that this cash is going to lead to outsize returns, but it won’t. It won’t because, unlike the smartphone revolution, unlike previous booms, this time around China is in the AI room. And what I’ve learned out of 30 years of being in China is that when China enters the room, profits walk out. And if you’re competing with China, you’ve taken a wrong turn in your life.
~ Louis-Vincent Gave, "China Just Ended 100 Years of American Dominance," RiskReversal Podcast, 42:45 mark, December 15, 2026
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