Artificial intelligence is driving massive market excitement, but history suggests that when narratives become this powerful, investors may be underestimating the risks.

Artificial intelligence is likely to transform industries and reshape the global economy, but markets often overprice that potential in the short term. The episode explores how herd psychology, historical parallels like the dot-com and railroad booms, and the tendency to overestimate early winners can lead to mispriced assets. The key insight: technological revolutions are real, but investor expectations and valuations often run ahead of reality.

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AI Disclosure: This episode and its supporting materials were produced with the assistance of AI technology. All final content is curated and approved by the Stray from the Herd Show team.