Excess Returns · Saturday, June 27, 2026
Chris Mayer suggests that the current market is experiencing an AI-fueled boom, leading many to adopt AI features regardless of their actual utility. He anticipates a market 'reckoning' and advises investors against succumbing to the urgency to invest early, stating there's often ample time to enter the market later.
“And I think you're going to see a lot of this. Like people are just going to be adding AI features because it's, it's the latest greatest thing and everybody wants to have it, whether it makes sense or not.”
“And so I think at some point there's going to be some sort of reckoning.”
“So, you know, there's a lot of urgency with investors like they want to get in like really early, you know, and there's not necessarily any need for that.”