infrastructure

“I always get very, very worried when everyone's obsessed with the infrastructure. Right? Like that, when that becomes an error. That happened in crypto too, right? This whole infrastructure, infrastructure, infrastructure, not what it's useful for. No one has …”

“Whenever people are excited about infrastructure, beware, right? Like infrastructure should disappear. That's the point of infrastructure. And it only gets exciting once it's gone.”

“And I actually think what has gone on with the Trump thing is I think it's going to take some wind out of the AI story because the story is going to be about infrastructure and America and like all that type of stuff.”

“Whenever people are excited about infrastructure, beware, right? Like infrastructure should disappear. That's the point of infrastructure. And it only gets exciting once it's gone.”

“I actually think what has gone on with the Trump thing is I think it's going to take some wind out of the AI story because the story is going to be about infrastructure and America and like all that type of stuff.”

“You don't make money in infrastructure. Even the railroads made money through real estate.”

“These things are not going to zero because if nothing else, they're taking dollars and turning into 20 cents worth of infrastructure, right? So the zero is not a number, right?”

“The infrastructure is worth not zero. It is infrastructure like you're on something in it. Right. But like it is it's a commodity business. Right. And it's a great one. I really enjoy it, but it's definitely like commodity business with tech multiples.”