AI, crypto, geopolitics, high-tech blossoms⦠[Altucher Confidential] October 26, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Investing in railroads during their early days was akin to capturing the zeitgeist of the entire industrial revolution. Here’s the 21st century equivalent. [Hero_Image] One âZeitgeistâ Stock to Rule Them All [Chris Campbell] CHRIS
CAMPBELL Dear Reader, Imagine you were whisked back to the 19th century with all of the hindsight you have today. The hustle and bustle of city streets greet you, filled with horse-drawn carriages, cobbled roads, and gas streetlights. This might not be the first thing that comes to mind (What’s going on? How did I get here? What is that awful smell?), but… Where would you invest? Some people might say the telegraph, the revolutionary communication marvel that connected continents. Others might suggest steamship companies, which expanded global trade and travel across the vast oceans. Others still might advocate for the booming textile mills, powered by the steam engine and churning out fabrics at unprecedented rates. They'd all be wrong. The telegraph may have transformed communication, the steamships might have revolutionized marine travel, and the textile mills would dress the world. But the railroads? They transformed economies, facilitated the rapid movement of people and goods, and opened up insane opportunities in real estate, commerce, and tourism. Railroads were foundational. Investing in them during their early days was akin to capturing the zeitgeist of the entire industrial revolution. And, in seeing this, you could’ve gotten fantastically rich by investing in the “hardware” of the railroad industry. Coal. Steel. Timber. Land in proposed railway towns. All foundational infrastructure investments. These days, the world wide web is undergoing a similar transformation, pushed forward by breakthroughs in AI, crypto, and other technologies. Today, James will introduce one similarly profound investment -- akin to capturing the zeitgeist -- worthy of your labor’s fruits. Check it out below. Urgent From James Altucher! Hey, it’s James Altucher. I just announced a massive new change to Altucher’s Investment Network, and as one of my readers I wanted to make sure you know what’s going on. [Click here now to see my urgent announcement.]( One Stock to Rule Them All James Altucher [James Altucher] JAMES
ALTUCHER I’ve said this before, but it bears repeating… All day long I get these insanely stupid emails, “Come to my $2,000 AI Mastermind!” They are always from people who have zero tech background, and zero real AI experience. “I’ve been using ChatGPT since it was first released!” Yeah. Just like 100 million other people. But all I see nowadays are scams that say “Use AI to make millions in a week.” It’s a reminder of what the Internet boom in the 90s taught us. Every company would add “.com” to their name and suddenly their stocks would go up 500%. When 1-800-Flowers, Inc. changed their name to 1800Flowers.com, they filed for an IPO that day. Because they were no longer a flower store, they were a “.com” company. High-tech flowers! My first published academic paper on AI came out in 1991 and I had to give a talk about it at the Conference on Automated Deduction in Kaiserslautern, Germany. I was the youngest person there. The reason automated deduction is interesting is that every single computer program is mathematically equivalent to proving a logical theorem. For instance, prove to me that you can sort in alphabetical order all the names on a list. The proof is basically the program that does it. So if you can prove theorems automatically then you can program computers automatically. I have since worked on AI-based fictional characters, chess computers and AI for day trading. From 2002 to 2009 I day traded using AI programs I wrote, ran a hedge fund the same way, and even wrote a book based on some of my ideas called Trade Like a Hedge Fund. On my podcast, I’ve discussed AI with Eric Schmidt, former CEO of Google, Kai-Fu Lee, the godfather of speech recognition and now one of the biggest VCs in China, and many others. And I recently recorded a course about what AI is for the short-form podcast company, Blinkist, where I went over, step by step, the development of ChatGPT from the beginnings of AI in the 50s and 60s all the way up to now. So it bothers me that some people are taking advantage of people by pretending to be an expert and using that false expertise to teach others how to make millions in AI. And it bothers me that every company out there is now using AI so they can be an “AI company” and get higher valuations as a result. I was discussing this recently with Kevin Surace, CEO of a company I am invested in called appvance.ai. Appvance uses AI to look at a large complicated program and generate scripts to test the program to see if there are bugs. Here’s what he said: “Every company is now mandated by their boards to use AI in every single part of their company. So if they are a manufacturing company not only will they use AI to improve their manufacturing but their marketing division has to use AI, their legal division, even their HR division.” They barely even know what AI is and all this money is about to get spent. Well, fine. That means the companies that ACTUALLY DO AI will benefit an enormous amount. But there’s an even bigger opportunity waiting in the wings. It’s a “pick and shovel” way to benefit from all of this disruption. Whether we’re talking about AI, crypto, geopolitics, high-tech blossoms… There’s one company set to benefit from it all. Members of Altucher’s Investment Network already have the inside scoop. (I wrote all about it in the exclusive report titled, “[The A.I. Crown Jewel: How To Cash In On The $150 Trillion A.I. Megatrend]( Not yet a member of my network? [Click here and give me five minutes to convince you it’s right for you.]( Best, [James Altucher] James Altucher
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