Ken Griffin: AI Bulldozes Moats, GPUs Echo the 2000 Bust | Investor Playbook

Ken Griffin says AI is filling in competitive moats with bulldozers, and he compares the GPU build-out to the dark-fiber telecom bust of 2000. We look at what that means for free cash flow, asset lifespans, discount rates and your margin of safety, using a Graham-Buffett lens.

Chapters

(0:00) The Macro Ledger: AI and Fiscal Reality

(1:47) Bulldozing White-Collar Moats

(4:43) ROI Tension: Foundation Models vs Efficiency

(5:39) Buffett Indicator & Shiller PE: The Overcapacity Pricing Trap

(10:24) The Enduring Value of Fundamental Research

(11:23) The Reason Number Ten Sell-Off Framework

(15:05) The $40 Trillion Deficit Headwind

(16:05) Governance Arbitrage: Miami vs the Old Guard

(17:08) The $40 Trillion Deficit Headwind

(18:09) Growing Our Way Out

(19:30) The DeepValues Playbook

(20:49) ROI Tension: Foundation Models vs Efficiency

(21:33) Apps for Intelligent Value Investors

(21:45) Get the free apps

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Deep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.

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Disclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.