You Think You're Diversified. AI Disagrees. | Prof G Markets

The gist

1. The Magnificent 7 dominate stocks, bonds, and venture funds alike, so a classic 60/40 portfolio is far less diversified than most investors assume.
2. To get genuine diversification, Slok suggests looking explicitly at non-AI assets such as gold, Brazilian stocks, and European credit.
3. The U.S. is an energy exporter now, so oil price spikes from Middle East instability hurt Europe and Asia much harder than the U.S.
4. Slok says mass AI unemployment is unlikely because most jobs involve many tasks and governments would step in if joblessness rose sharply.