The Blue-Collar AI Potential

AI can't print oil... but it can optimize its production in a profound way. So, buy Exxon... and let the English see you buy Exxon.

When you’re 42 years old in Florida, you’re usually the youngest person at the breakfast counter by a good 25 years…

Today I ordered an omelet… gluten-free toast… an iced tea… and a conversation with a retiree on the most important trend in finance today.

Artificial intelligence.

It’s Not Just About ChatGPT

Mike was a former plumber in New Jersey and served 21 years as a firefighter. We’re a blue-collar retirement town. He moved here in 2007.

“It was a lot less crowded back then…” he said.

I remember. I moved for a year after I left Wall Street in 2008. The population increased by 20% from 2010 to 2020. It’s up another 6% three years later.

Mike asked me what I do. I explained… this. He pounced.

“So, what do you think of all this AI stuff?” he asked.

I didn’t go into my recent argument about AI and the Nasdaq.

Instead, I asked him what he thought AI provided for investors.

He mentioned ChatGPT – which he read about in Barron’s. He said his grandson, a graphic designer, might need a new job.

So, I…