Nir Kaissar
Verified
Columnist, @opinion. Founder, Unison Advisors. Hoosier. (KAY-sarr)
Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Nir Kaissar
Buffett And Munger Would Know How To Invest In AI
We are all Warren Buffett and Charlie Munger now. I think of the dynamic duo often as artificial intelligence advances, takes over markets and mints new fortunes. I hark back to the 1990s and imagine the two watching in amazement as the internet emerged, creating a new world, language and vast riches. Many investors are reliving that experience with AI. Buffett, who stepped down as chairman of Berkshire Hathaway Inc.
Buffett and Munger Would Know How to Invest in AI
We are all Warren Buffett and Charlie Munger now. I think of the dynamic duo often as artificial intelligence advances, takes over markets and mints new fortunes. I hark back to the 1990s and imagine the two watching in amazement as the internet emerged, creating a new world, language and vast riches. Many investors are reliving that experience with AI. Buffett, who stepped down as chairman of Berkshire Hathaway Inc.
Како би инвестирале Бафет и Мангер во вештачката интелигенција?
Сподели ја веста Facebook Post Tweet WhatsApp Viber Имејл Подари статија Link copied Copy link Берзи Како би инвестирале Бафет и Мангер во вештачката интелигенција?
Kako bi Buffett in Munger vlagala v umetno inteligenco
Vse novice iz rubrike Finančni trgi vse novice iz rubrike Finančni trgi Registrirajte se in odklenite 5 člankov! *Začnite dan z e-pismom z najpomembnejšimi poslovnimi novicami Registracija Nadaljujte z branjem tako, da izberete eno od spodnjih možnosti.
Kako bi Buffett i Munger ulagali u AI?
Sve vijesti iz rubrike Tržišta sve vijesti iz rubrike Tržišta Registriraj se besplatno i čitaj sadržaj koji čini razliku! *Započni dan s dnevnim newsletterom i najbitnijim poslovnim vijestima Registruj se Nastavite čitati odabirom jedne od opcija u nastavku.
Kako bi Buffett i Munger ulagali u umjetnu inteligenciju?
Sve vijesti iz rubrike Tržišta sve vijesti iz rubrike Tržišta Registriraj se besplatno i čitaj sadržaj koji čini razliku! *Započni dan s dnevnim newsletterom i najbitnijim poslovnim vijestima Registracija Nastavite čitati odabirom jedne od opcija u nastavku.
Buffett i Munger bi znali kako da ulažu u AI
Podeli vest Facebook Post Tweet WhatsApp Viber Email Pokloni članak Link copied Copy link AI Buffett i Munger bi znali kako da ulažu u AI Izvor: Nir Kaissar/Bloomberg Sve vesti iz rubrike Tehnologija sve vesti iz rubrike Tehnologija Registrujte se i otključajte 5 članaka! *Započnite dan dnevnim biltenom i najvažnijim poslovnim vestima Registrujte se Nastavite sa čitanjem odabirom jedne od opcija ispod BESPLATNI NALOG Pročitajte ovaj i još 3 članka (ne odnosi se na PREMIUM članke) Registrujte...
Buffett and Munger Would Know How to Invest in AI
Photographer: Johannes Eisele/AFP/Getty Images (Bloomberg Opinion) -- We are all Warren Buffett and Charlie Munger now. I think of the dynamic duo often as artificial intelligence advances, takes over markets and mints new fortunes.
Buffett and Munger Would Know How to Invest in AI
Now Just two weeks ago, President Santiago Peña was boasting about how Paraguay had “the best numbers” in Latin America as he prepared to deliver the keynote address at a fancy gala in Washington. Now, Peña has not only tendered his resignation following the dramatic collapse of local fintech Ueno Bank …
Musk Is on to Something With His Stock Handout Idea
When Elon Musk pledged to give a share of SpaceX to each child in the US, the proclamation was met with a certain amount of skepticism. Regardless of Musk’s motivation or whether his promise comes to fruition, he has — inadvertently or not — hit on a worthwhile idea: Giving both future and current workers a stake in American business is a good way to lift their fortunes, reduce inequality and bolster support for free-market capitalism. US business leaders have a problem.
Musk is on to something with his stock handout idea: Nir Kaissar
Fair is in the eye of the beholder, but surely, at a minimum, it means paying workers a living wage to the extent companies can do so profitably. Since the Business Roundtable issued its statement, however, profit margins for US public companies as a group are up 35% and rising. Meanwhile, there’s no indication that a greater share of workers earn a living wage.
Musk Is on to Something With His Stock Handout Idea
Photographer: Win McNamee/Getty Images (Bloomberg Opinion) -- When Elon Musk pledged to give a share of SpaceX to each child in the US, the proclamation was met with a certain amount of skepticism.
AI hype and dotcom déjà vu: Sorry to burst your bubble, but this doesn't look like one
This must be one of the most hated US bull markets ever. I can’t remember when so many people were so sceptical of a rising market and so sure that it will soon end in tears. I keep hearing that this stock market is a bubble. I laid out data in previous columns that cast doubt on the bubble hypothesis—basically that, to the contrary, this is an unusually high-quality market trading at modestly above-average valuations. But what makes me most sceptical isn’t the hard numbers.
Što više ljudi vidi AI balon, to je manje vjerojatno da on doista i postoji
Podijeli vijest Facebook Post Tweet WhatsApp Viber Email Pokloni članak Link copied Copy link Burze Što više ljudi vidi AI balon, to je manje vjerojatno da on doista i postoji Izvor: Nir Kaissar/Bloomberg Sve vijesti iz rubrike Tržišta sve vijesti iz rubrike Tržišta Registriraj se besplatno i čitaj sadržaj koji čini razliku! *Započni dan s dnevnim newsletterom i najbitnijim poslovnim vijestima Registracija Nastavite čitati odabirom jedne od opcija u nastavku.
Everybody Seems to Hate This Bull Market — Except Me
This must be one of the most hated US bull markets ever. It’s easily the most distrusted rally in the several decades that I’ve been following markets. I can’t remember when so many people were so skeptical of a rising market and so sure that it will soon end in tears. I keep hearing that this stock market is a bubble.
Everybody Seems to Hate This Bull Market — Except Me
Photographer: Florian Wiegand/Getty Images (Bloomberg Opinion) -- This must be one of the most hated US bull markets ever. It’s easily the most distrusted rally in the several decades that I’ve been following markets.
Forget The Adage About Owning More Bonds As You Age
You’ve surely heard the standard advice that people should own more bonds than stocks as they age because stocks are riskier and older investors have less time to recover losses. I’ve always thought it was a half-baked idea, and rising interest rates show how costly it can be. Case in point: The broad US bond market has lost money since rates began to rise in 2021, even after accounting for interest, because bond prices sank when interest rates surged.
Forget the Adage About Owning More Bonds as You Age
You’ve surely heard the standard advice that people should own more bonds than stocks as they age because stocks are riskier and older investors have less time to recover losses. I’ve always thought it was a half-baked idea, and rising interest rates show how costly it can be. Case in point: The broad US bond market has lost money since rates began to rise in 2021, even after accounting for interest, because bond prices sank when interest rates surged.
Forget the Adage About Owning More Bonds as You Age
Photographer: Justin Tallis/AFP/Getty Images (Bloomberg Opinion) -- You’ve surely heard the standard advice that people should own more bonds than stocks as they age because stocks are riskier and older investors have less time to recover losses.
The bond market’s balancing act is perfectly normal
REMEMBER when near-zero interest rates squeezed retirees on fixed incomes and left pensions with huge shortfalls? I suspect they are happy to see US interest rates returning to normal. Yes, balance is being restored to bond markets after an unusually long period of unusually low interest rates. Short-term rates, which are mainly an inflation gauge, are only slightly elevated because inflation is running a bit hot.
The bond market's balancing act is perfectly normal
还记得近零利率挤压了固定收入退休人员的生活，并导致养老金出现巨额亏空的时候吗？我猜想，他们乐于看到美国利率回归正常水平。 是的，在经历了一段异常漫长的超低利率时期后，债券市场正在恢复平衡。 主要作为通胀指标的短期利率仅略有上升，因为通胀有些过热。在短期利率基础上形成的长期利率，其水平也基本处于合理位置。
The Bond Market’s Balancing Act Is Perfectly Normal
Remember when near-zero interest rates squeezed retirees on fixed incomes and left pensions with huge shortfalls? I suspect they’re happy to see US interest rates returning to normal. Yes, balance is being restored to bond markets after an unusually long period of unusually low interest rates. Short-term rates, which are mainly an inflation gauge, are only slightly elevated because inflation is running a bit hot.
The Bond Market’s Balancing Act Is Perfectly Normal
Photographer: Yasuyoshi Chiba/AFP/Getty Images (Bloomberg Opinion) -- Remember when near-zero interest rates squeezed retirees on fixed incomes and left pensions with huge shortfalls?
Rekordan jaz između bikova i medveda najavljuje usporavanje berze
Između bikova i medveda vodi se žestoka rasprava o stanju američkog tržišta akcija, a dve strane imaju potpuno suprotne stavove. Bikovi vide velike dobitke zahvaljujući istorijskom korporativnom prosperitetu podstaknutom novom tehnologijom, dok medvedi vide opasan balon naduvan pompom oko veštačke inteligencije. I jedni i drugi greše. Sve bi to bila bezazlena zabava da u igri nije pravi novac. Veliki broj Amerikanaca poseduje akcije, a mnogi pažljivo prate tržište i finansijske komentatore.
Ovaj povijesni razdor između bikova i medvjeda najavljuje usporavanje
Između bikova i medvjeda vlada žestoko neslaganje oko zdravlja američkog tržišta dionica, a dvije strane ne bi mogle biti udaljenije. Bikovi vide nove velike dobitke iz povijesnog korporativnog prosperiteta potaknutog novom tehnologijom; medvjedi vide opasni balon stvoren na temelju fame oko umjetne inteligencije. I jedni i drugi su u krivu. Sve bi to bila bezazlena zabava da u igri nije pravi novac. Većina Amerikanaca posjeduje dionice, a mnogi pozorno prate tržište i financijske komentatore.
This Historic Divide Between Bulls and Bears Signals a Slowdown
Photographer: Angela Weiss/AFP via Getty Images (Bloomberg Opinion) -- There’s a fierce disagreement between bulls and bears about the health of the US stock market, and the two sides could not be further apart.
Los gigantes de la IA generarán US$1 billón este año, pero puede no ser suficiente
Atrás quedaron los tiempos de las empresas tecnológicas con poco capital y abundante flujo de caja, como las de búsqueda en internet, comercio electrónico y redes sociales. Ahora, la clave está en la inteligencia artificial, y para competir es fundamental contar con activos tangibles y recursos financieros sólidos, algo que pocas empresas tienen a su alcance. Nvidia Corp. (NVDA) y las grandes empresas tecnológicas, entre las que se incluyen Microsoft Corp. (MSFT), Amazon.com Inc.
ВИ гигантите ќе заработат еден билион долари годинава. Но, тоа може да не биде доволно
Далеку зад нас се деновите на технолошките бизниси сиромашни со капитал и богати со паричен тек, како што се интернет пребарувањето, е-трговијата и социјалните медиуми. Играта сега е вештачка интелигенција (ВИ), и подобро е да имате цврсти средства и длабоки џебови за играње, пари што малку компании ги имаат на располагање.
AI Giants Will Earn $1 Trillion This Year. It May Not Be Enough
Gone are the days of capital-light and cash-flow-rich technology businesses such as internet search, e-commerce and social media. The game now is artificial intelligence, and you had better have hard assets and deep pockets to play, the kind of money few companies have laying around. Nvidia Corp. and the hyperscalers, a group that includes Microsoft Corp., Amazon.com Inc., Alphabet Inc., Meta Platforms Inc.
Divovi umjetne inteligencije ove će godine zaraditi bilijun dolara. Možda neće biti dovoljno
Prošla su vremena tehnoloških kompanija s malim kapitalnim ulaganjima i bogatim novčanim tokom, poput internetskog pretraživanja, e-trgovine i društvenih mreža. Nova igra zove se umjetna inteligencija, a za sudjelovanje su vam potrebna opipljiva imovina i duboki džepovi – iznosi novca kojima raspolaže tek malen broj tvrtki. Nvidia Corp. i hyperscaleri – skupina koja uključuje Microsoft Corp., Amazon.com Inc., Alphabet Inc., Meta Platforms Inc. i Oracle Corp.
AI Giants Will Earn $1 Trillion This Year. It May Not Be Enough
Photographer: Fabrice Coffrini/AFP via Getty Images (Bloomberg Opinion) -- Gone are the days of capital-light and cash-flow-rich technology businesses such as internet search, e-commerce and social media.
Sú chatboty s umelou inteligenciou dobrými finančnými poradcami?
Každý by mal mať prístup ku kvalitnému finančnému poradenstvu – a dnes ho už má. Stačí otvoriť obľúbený chatbot s umelou inteligenciou a okamžite získate rady, ktoré sú prinajmenšom také kvalitné ako tie od ľudského finančného poradcu, ak nie lepšie. Článok pokračuje pod video reklamou Článok pokračuje pod video reklamou Chatbot pravdepodobne vie viac a takmer určite nie je zaťažený konfliktmi záujmov ani ľudskými predsudkami.
AI Bots Are Excellent Financial Advisors. And They're Free
Everyone should have access to financial advice—and now they do. Just fire up your favorite AI chatbot, and at your fingertips is advice that’s as good as any human can provide, or better. The bot probably knows more, and it’s almost certainly less burdened by conflicts and biases. Chatbots are an earthquake for financial advisors, even if they don’t yet feel the tremors.
AI Bots Are Excellent Financial Advisers. And They’re Free
Photographer: Martin Lelievre/ AFP via Getty Images (Bloomberg Opinion) -- Everyone should have access to financial advice — and now they do.
Premalo dionica kontrolira budućnost indeksa S&P 500
Je li riječ o balonu ili nije? Čini se da je to pitanje koje si svi postavljaju kada je riječ o američkom tržištu dionica. Ja kažem da nije. Za mene je balon situacija u kojoj se cijena potpuno odvoji od bilo kakve racionalne, objašnjive vrijednosti, na način na koji su ljudi hvatali mutne sheme u burnim 1920-ima ili slijepo vjerovali u nove internetske kompanije u 1990-ima. Ovo nije takav slučaj.
Too Few Stocks Control the S&P 500’s Future
Is it a bubble or isn’t it? That’s what everyone seems to be asking about the US stock market. I say it isn’t. A bubble to me is when price becomes disconnected from any rational, articulable value, the way people chased opaque schemes in the Roaring 1920s or the blind faith in new internet companies in the 1990s. This is not that. This market is driven by some of the most innovative, impactful and profitable businesses the world has ever produced.
Too Few Stocks Control the S&P 500’s Future
Photographer: Michael M. Santiago/Getty Images North America (Bloomberg Opinion) -- Is it a bubble or isn’t it? That’s what everyone seems to be asking about the US stock market. I say it isn’t.
SpaceX Is Junk. That's What The Bond Market Says
Bond rating firms and debt markets generally agree about the credit quality of companies. When they don’t, investors must choose who to believe. It’s not a choice that investors confront often, mostly because disagreements usually involve small, obscure companies few people encounter. But it won’t be easy to ignore the developing rift over Elon Musk’s Space Exploration Technologies Corp., the world’s sixth-largest company by market value and certainly the most scrutinized.
スペースXは「ジャンク」、債券市場が告げる－格付け会社に異議
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Tržište obveznica pokazuje da je SpaceX 'smeće'
Agencije za rejting obveznica i tržišta duga generalno su saglasna oko kreditnog kvaliteta kompanija. Kada se ne slažu, investitori moraju da izaberu kome da vjeruju. To nije izbor sa kojim se investitori često suočavaju, uglavnom zato što neslaganja obično uključuju male, opskurne kompanije sa kojima se rijetko ko susreće. Ali neće biti lako ignorisati rastući jaz oko Space Exploration Technologies Corp.
SpaceX je 'smeće', kaže tržište obveznica
Agencije za rejting obveznica i tržišta duga uglavnom se slažu oko kreditne sposobnosti tvrtki. Kada se ne slažu, investitori moraju odabrati kome će vjerovati. To nije izbor s kojim se investitori često suočavaju, uglavnom zato što neslaganja obično uključuju male, nepoznate tvrtke koje malo tko vidi. No, neće biti lako ignorirati rastući razdor oko Space Exploration Technologiesa Elona Muska, šeste najveće svjetske tvrtke po tržišnoj vrijednosti i vjerojatno najprovjerenije.
SpaceX je smeće. To kaže tržište obveznica
Agencije za rejting obveznica i tržišta duga generalno su saglasna oko kreditnog kvaliteta kompanija. Kada se ne slažu, investitori moraju da izaberu kome da veruju. To nije izbor sa kojim se investitori često suočavaju, uglavnom zato što neslaganja obično uključuju male, opskurne kompanije sa kojima se retko ko susreće. Ali neće biti lako ignorisati rastući jaz oko Space Exploration Technologies Corp.
Las acciones están caras, pero no entres en pánico
Cuando los inversores perciben que el mercado bursátil está en su punto máximo, como les ocurre a muchos ahora, suelen comparar la rentabilidad que esperan obtener de las acciones y los bonos. La rentabilidad de las acciones debería ofrecer una prima respecto a los bonos para compensar el mayor riesgo, y normalmente así es. Cuando esta denominada prima de riesgo de las acciones se reduce o desaparece por completo, los inversores lo interpretan como un mal presagio.
SpaceX Is Junk. That’s What the Bond Market Says
Photographer: Adam Gray/Bloomberg (Bloomberg Opinion) -- Bond rating firms and debt markets generally agree about the credit quality of companies. When they don’t, investors must choose who to believe.
Delnice so drage, a brez panike (mnenje)
Ko imajo vlagatelji občutek, da so delniški trgi že precej visoko, kot se mnogim zdi zdaj, pogosto pogledajo, kaj lahko pričakujejo od delnic v primerjavi z obveznicami. Ker so delnice bolj tvegane, bi morale ponujati višjo pričakovano donosnost kot obveznice. Ta razlika, znana kot premija za tveganje delnic, običajno obstaja. Ko pa se močno zmanjša ali celo izgine, vlagatelji to razumejo kot opozorilni signal. Po mnenju nekaterih ta signal zdaj že utripa rdeče.
Stocks Are Expensive. But Don’t Panic
When investors feel like the stock market is toppy, as many do now, they often compare what they expect stocks and bonds to pay. The yield on stocks should offer a premium over bonds to compensate for higher risk, and it usually does. When this so-called equity risk premium shrinks or disappears entirely, investors take it as a bad omen. Some say the equity risk premium is flashing that very warning now. Don’t rush to swap your stocks for bonds yet, though.
Stocks Are Expensive. But Don’t Panic
Photographer: Spencer Platt/Getty Images North America (Bloomberg Opinion) -- When investors feel like the stock market is toppy, as many do now, they often compare what they expect stocks and bonds to pay.
Buffettov nasljednik prekida s njegovim priručnikom
Ako se pitate hoće li era Grega Abela, koja je započela u kompaniji Berkshire Hathaway Inc., biti preslika godina pod vodstvom Warrena Buffetta, dva prošlog tjedna najavljena posla koja je Abel predvodio uvelike daju odgovor na to pitanje. Čini se da Abel ima vlastite ideje. Obje su transakcije izrazito "ne-bafetovske". Prorok iz Omahe bio je slavno selektivan.
Nasljednik Warrena Buffetta ne želi biti novi Warren Buffett, Berkshire prekida s njegovim priručnikom
Ako se pitate hoće li era Grega Abela, koja je započela u kompaniji Berkshire Hathaway Inc., biti preslika godina pod vodstvom Warrena Buffetta, dva prošlog tjedna najavljena posla koja je Abel predvodio uvelike daju odgovor na to pitanje. Čini se da Abel ima vlastite ideje. Obje su transakcije izrazito "ne-bafetovske". Prorok iz Omahe bio je slavno selektivan.
The S&P 500’s SpaceX Snub Is a Public Service
Photographer: Kena Betancur/Bloomberg (Bloomberg Opinion) -- When Space Exploration Technologies Corp. goes public on Friday, its name will be everywhere — just not in the S&P 500 Index.
Show More
loading
Actions
Get in touch with Nir
Contact Nir, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack