"Markets can price in earnings. They can't price in a new species."
CalebKotz63219 · x · 2026-09-17
A widely-quoted quip from Caleb Kotz: "markets can price in earnings. they can't price in a new species" — the argument that AGI-level AI falls outside what current market valuation frameworks can absorb. The line drew attention from AI ecosystem figure Greg Kamradt.
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