“Apple has vastly outperformed all of the other Mag 7 because it has refused to engage in this multi-trillion dollar arms race. They've just said, you guys go play in traffic and we'll see how it settles out. The same way they avoided the search wars.”

I'll make the bull case. AI is transformative. The railroads are transformative. Electricity was transformative, right? The internet was transformative. All of those involve bankruptcies along the way. What I'm fairly certain of, I don't know what's going to happen to these stocks. I know at some point they'll correct. I don't know how severe the V will be. What might be happening right now is there's a bit of a soft landing. These stocks are down, right? And that might be a good thing as opposed to a crash that scares people. What's most interesting is among the big tech firms, the firm that has outperformed every other of the Mag 7 this year is the one that has purposefully stayed out of the AI arms race. Apple has vastly outperformed all of the other Mag 7 because it has refused to engage in this multi-trillion dollar arms race. They've just said, you guys go play in traffic and we'll see how it settles out. The same way they avoided the search wars. So what could go right? Can I just note