Dear Members,
Today, I want to share an important note, as something has been upsetting me: the way a few influential people are influencing markets and sentiments from the media world, as well as the financial community. Even intelligent ordinary men listen to these voices or the frontline media and end up making wrong decisions.
Over the last fifteen days, I have been watching financial media and influencers mocking a few companies and individuals.
Let me remind these media people: I have been predicting market trends for more than 35 years, and I don’t think anyone from Bloomberg, CNBC, WSJ, FT, or any analysts and experts has ever come close to our 50% accuracy in forecasting future market trends. This note is for them:
1. Smart minds dedicate their whole life, resources, and time to create something that makes the world better and technology more useful. Twenty years ago, I would spend hours in immigration lines; today, it takes less than a minute, especially in countries like the USA. Soon, this will be the case everywhere—thanks to technology.
2. Lately, many experts are questioning and mocking hyperscalers’ spending. My answer is simple: these hyperscalers are investing their hard-earned money to build computing power for AI, AAI, and ASI (Think, act, work, learn, evolve beyond us in infinite directions). They are spending billions or dollars, fully aware of the risks and costs if they fail. Yet they continue, believing in success and striving to provide a better future for the world.
3. In recent weeks, I’ve seen Jim Cramer and many other financial experts and media targeting Sam Altman. It is easy to make fun of or target anyone—it requires no effort. But we forget that Sam Altman created and brought ChatGPT into reality. He had a vision, and he has been working for over ten years to make this AI revolution possible.
4. In 1995, I was among the first to believe the internet era would change the future of the world. In 2011/12, I believed in the TESLA, EV era and in Elon Musk, even when many mocked him. He made EVs a reality, and the world followed his path as I predicted. At the same time, I believed in the cloud era and predicted its importance for the technology world. In January 2023, I 100% believed in the AI era and predicted it would take technology to the next level—making the impossible possible.
5. US tech companies are giving everything—hard work, heart, soul, and spending unbelievable amounts of cash—to make AI a reality. On the other hand, many analysts recommend shorting AI-related stocks, calling it a bubble. Yes, I predicted uncertainty for the next two weeks, but my advice: be careful. Keep your investments safe in quality companies while the positive astro cycle continues. I never recommend shorting. If valuations are complete or we don’t like a company, we recommend exit—but we never mock those who worked so hard to build it. Shorting means wishing for someone’s failure, celebrating when their hard work collapses. That does not fit my nature or principles.
I believe the AI era will continue. This is a great time to make money by staying with great companies doing amazing work in technology. I stood with Google when everyone discarded it in 2023. I am standing with Sam Altman now, and at the same time, also celebrating the launch of Google Gemini. Human nature is very competitive, and everyone will try to do their best to remain in the race.
I know how painful it was when people lost their homes and money in the housing crisis. We should not enjoy success at someone else’s fall. That is what Michael Burry, “The Big Short,” represents. There are so many companies to buy instead of shorting them. This is why I have great respect for Warren Buffett: he exits positions rather than shorting, and he invests in what he believes in. If companies are doing wrong, then they will go out of favor; you don’t need to kill them, you don’t want to be part of that killing.
Please forgive me if I have upset anyone or caused hurt feelings. I am a small guy in this crowded financial market world, but my principles and values are different.
Thanks & God Bless
Mahendra Sharma