Thoughtful Money with Adam Taggart · Sunday, August 16, 2026
Peter Tchir highlights the ongoing competition with China as a primary strategic issue, noting surprise at the speed of cheap Chinese compute entering the market and their advantage in distilling AI models. He also points to the war in Iran impacting oil prices and rates, with longer-term geopolitical implications.
“And at some level, I think our competition with China is still the overriding strategic issue.”
“And I have to say I've been a little bit caught by surprise, um, how quickly cheap Chinese compute is coming on the market.”
“And yes, the war on Iran is affecting oil prices, um, it's affecting rates, um, there are longer-term implications.”