AI Euphoria: Ignoring Fundamentals, Repeating Market Bubbles

Resources

Resources & Recommendations

Books

• "Tomorrow's Newspaper" - Mentioned as a hypothetical ideal resource for knowing future market movements and investing accordingly.

Videos & Documentaries

• "Stupid Money" - A movie that exposed the power of the retail investor and the increase in their participation in the market.

Research & Studies

• "The Secrets of Free Cash Flow" - A course offered by Veritas that is their most watched and taught, focusing on the calculation and importance of free cash flow.

Tools & Software

• ChatGPT - Mentioned as an AI tool that can process financial statements and provide information, but with the caveat that it may miss nuances and linkages.
• Interactive Brokers - A trading platform that provides retail investors with access to information and trading capabilities.

Articles & Papers

• Sell report on Nortel - A report written by Anthony Scilipoti in 2000 that correctly predicted issues with Nortel, leading to the founding of Veritas.

People Mentioned

• Al Rosen - Head of accounting at York University and a forensic accountant who tutored Anthony Scilipoti.
• Warren Buffett - Referenced multiple times for his investing principles, including "don't lose money" and focusing on what's the same across historical events.
• Peter from Delaware - Mentioned humorously in the context of domain name squatting.
• Steve Schwartzman - Mentioned in a discussion about analysts knowing numbers but not what they mean.
• Eugene Melnick - The individual who ran Bio-Vail, which was later bought by Valeant.
• Andrew Fastow - The former CFO of Enron, whose interviews are used in Veritas's training.
• Alice Schroeder - Author of a book about Warren Buffett, mentioned for her insights on Buffett's pattern recognition.
• Porter Collins - Mentioned as a friend and fellow investor who experienced the madness of the financial crisis.
• Danny - Mentioned alongside Porter Collins as someone who experienced the financial crisis.
• Donald Trump - Mentioned in relation to tariffs and their potential impact on the market.
• Jerome Powell - Current Chair of the Federal Reserve, discussed in the context of interest rate decisions.

Organizations & Institutions

• Arthur Andersen - The accounting firm where Anthony Scilipoti began his career.
• York University - Where Al Rosen was head of accounting.
• Enron - A company whose accounting scandal is used as an example of off-balance-sheet exposures.
• Valeant Pharmaceuticals - A company whose collapse Anthony Scilipoti predicted.
• Nortel - A company whose collapse Anthony Scilipoti predicted.
• Lucent - A company mentioned alongside Nortel and Cisco as part of the internet infrastructure build-out.
• Cisco - A company mentioned alongside Nortel and Lucent as part of the internet infrastructure build-out.
• 360 Networks - A company mentioned alongside Nortel and Lucent as part of the internet infrastructure build-out.
• Veritas - Anthony Scilipoti's independent equity research firm and asset management arm.
• Veritas U - The educational arm of Veritas that teaches investors.
• FASB (Financial Accounting Standards Board) - The body that sets accounting standards.
• PCAOB (Public Company Accounting Oversight Board) - The body that oversees auditors.
• SEC (Securities and Exchange Commission) - The US regulatory body for securities.
• CPP (Canada Pension Plan) - Mentioned as a large Canadian pension plan.
• Caisse de dépôt et placement du Québec (CDPQ) - A Quebec-based pension plan that invests in Quebec companies.
• Berkshire Hathaway - Warren Buffett's company, used as an example of a successful investment structure.
• Geico - An operating business owned by Berkshire Hathaway.
• Leaf - Refers to the Toronto Maple Leafs hockey team.
• NFL (National Football League) - Mentioned for its short season and high-stakes games.
• Apple - Used as an example of a company with slowing revenue growth but significant cash generation and share buybacks.

Websites & Online Resources

• remarkable.com - Website to learn more about and purchase the ReMarkable paper tablet.
• basecamp.com - Website to sign up for the Basecamp project management platform.
• corepower.com - Website to learn more about Core Power protein shakes.
• godaddy.com - A domain registrar where one can purchase tech domains.
• namecheap.com - A domain registrar where one can purchase tech domains.
• cloudflare.com - A domain registrar where one can purchase tech domains.

Other Resources

• The Knowledge Project - The podcast series itself, for informational purposes.
• The Fact Finders podcast - Anthony Scilipoti's podcast where he interviewed a private investigator.
• ReMarkable Paper Pro Move - A paper tablet and digital notebook that combines paper feel with digital capabilities.
• Core Power protein shakes - Post-workout recovery shakes.
• Dot Tech Domains - A domain extension for technology companies.
• Basecamp - A project management platform.
• High-yield bond spread - A financial metric used to assess risk in the bond market.
• VIX - A measure of the volatility of the S&P 500.
• Joe Sixpack - A colloquial term for the average consumer.
• Mag Seven - Refers to the seven largest technology companies driving market growth.
• Sloppy 493 - Refers to the remaining 493 companies in the S&P 500, excluding the Mag Seven.
• Stupid Money - A movie about the power of retail investors.
• Options market - Discussed in relation to its impact on stock price volatility.
• Expert networks - Services that provide access to industry professionals for insights.