Every financial wave gets called a bubble: speculation funds the rails, says Lex Sokolin
LexSokolin · x · 2026-09-21
Fintech analyst Lex Sokolin argues every major financial wave gets labeled a bubble, but speculation effectively pays the customer-acquisition cost of building new rails before anyone finds the "boring" uses. Railroads and telecom fiber worked the same way — an implicit defense of AI capex against bubble criticism.
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