Is this an AI bubble, or just the messy middle of a platform shift? Brian Belley and Scott Kitun dig into Michael Burry’s headline shorts and abrupt fund shutdown, big holders trimming AI exposure, and the mega-cap concentration now dominating public indices. Then they pivot to Kingscrowd data: AI-related Reg CF deal counts and dollars raised, how online private markets rhyme (but don’t mirror) VC/public cycles, and what consolidation plus looming tokenized liquidity could mean for retail. You’ll hear practical portfolio takes—when to skim gains, where infrastructure still matters, and why forced illiquidity can help private investors avoid bad timing. Clear-eyed nuance on risk, upside, and pacing—minus the hype.
Highlights include...
Burry’s shorts → fund shutdown: signal or noise?
Mega-cap concentration: index math and why it matters
AI “bubble or build-out?”: infra vs apps, power limits, capex fatigue
Kingscrowd data: AI-labeled Reg CF deals & capital over time
Public → private transmission: sentiment, flows, consolidation
Tokenization & future liquidity: pros, cons, and timelines
Portfolio tactics: skimming, diversification, and sizing