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The Alternative InvestorHow to invest outside of the stock market Author: Brad Johnson
The Alternative Investor is a show about investing money outside of the stock market (private equity, real estate, venture capital, etc.) where the returns are typically higher but the investment decisions are less straightforward. Join Brad Johnson from Evergreen Capital as he discusses investing in alternative assets to help you make better decisions with your investment portfolio. Hosted on Acast. See acast.com/privacy for more information. Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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The Biggest Bet Ever Made: Do You Own Too Much Tech?
Episode 80
Monday, 3 August, 2026
Should You Diversify Away From Tech? The Massive AI Capex Bet and Key Red FlagsBook a Callhttps://zpr.io/W6JaycaP8EeTEvergreen Capitalinfo@evergreencap.comThe script addresses investors heavily concentrated in technology stocks and offers a framework for deciding whether to reduce exposure as big tech makes an unprecedented, speculative AI bet requiring trillions in capital spending. It argues AI can be world-changing yet still disappoint shareholders if returns on invested capital don’t justify massive buildouts, and highlights red flags: circular, interconnected revenue and investment relationships reminiscent of the telecom unwind; incentives around depreciation schedules that may make recurring AI infrastructure costs look like long-lived assets and boost earnings; and rising use of cheaper open-source models that could commoditize “intelligence,” shifting value to customers. Using railroads, fiber, and airlines as parallels, it warns transformational tech can still be a poor investment, and that AI stocks can underperform even if AI succeeds if results take longer than valuations assume. It concludes with diversification and tax-aware rebalancing considerations, especially near retirement.00:00 Tech Heavy Portfolio00:31 AI Capex Mega Bet02:26 Red Flag One Spaghetti Deals03:47 Red Flag Two Depreciation Games05:28 Red Flag Three Model Commoditization07:19 History Warns Infrastructure09:34 Math Behind Expectations11:19 Diversify And Rebalance11:53 Taxes And Next Steps Hosted on Acast. See acast.com/privacy for more information.
