Are AI stocks the new railroad bonds?
5/5/202619 min
Transformative technologies create speculative frenzies. Robin Wigglesworth, host of the new FT podcast The Story of Money, joins Katie Martin and Rob Armstrong to talk about what financial history can teach us about today’s AI-driven stock market. Also, we go short GameStop’s attempt to acquire eBay, and long tiny ice cream treats.
Subscribe to The Story of Money wherever you get your podcasts, and on the show's dedicated YouTube channel here. Learn more at ft.com/tsom.
For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.
You can email Robert Armstrong and Katie Martin at unhedged@ft.com.
Read a transcript of this episode on FT.com
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First 90 secondsSpeaker 00:00
Markets move fast. Get the insights you need in 10 minutes with Barclays Brief, a podcast from Barclays Investment Bank. Each week, our experts analyze market themes, helping you anticipate what's next. Listen to Barclays Brief wherever you get your podcasts.
Katie Martin· Host0:14
[short upbeat musical intro] Pushkin. When you wanna figure out what financial markets are up to, what they're trying to tell us, the go-to way that professionals try and do that is by looking not at the future, but at the past. So if you look at the AI boom in markets today, the big question is whether this is like the dot-com boom and bust of 25 years ago. This game is less about gazing into a crystal ball and more about being low-key a bit of a history nerd. So today on the show, why it pays to know your financial history. [upbeat music] This is Unhedged, the markets and finance podcast from the Financial Times and Pushkin. I'm Katie Martin, a markets columnist at the FT in London, where we have a wobbly bond market and a local election coming up. What can possibly go wrong? Joining me today, I have a twofer, ladies and gents. Yes, I have that big Rob Armstrong over there in New York. Rob, say hi.
Rob Armstrong· Host1:15
Hello.
Katie Martin· Host1:15
[laughs] Don't put on a funny English accent, Rob, because we also have [laughs]- An actual funny English accent ... an actual funny English accent from Robin Wigglesworth, who's the editor of FT Alphaville and