Can we throw out Jevons Paradox and replace it with something more in line with how it’s actually used now? (Aka the paradox of “how can my AI stocks go down when I don’t want them to”) In all seriousness, there’s a perception among too many that it is somehow impossible for stocks to go down while AI models get better. That’s before you get into the people who seem to skip the step of actually understanding anything and just go “this is the AI stock I own and I am bullish on AI so when AI improves then my stock needs to go up” with zero critical thinking involved. I’m all for having conviction, I spent the better part of a year being called an stock pumping idiot by half the people I interacted with because I believed AI would be the biggest trend of our lifetime… (try telling someone that lost 60% being long AMAT, who’s convinced a recession is around the corner, that actually this new chatbot is going to result in higher semicap demand). But…have some humility too, please… If your thesis revolves around an exponentially improving technology, maybe your prior relying on everything else staying static is something worth revisiting.