Weekly Nugget: The AI Revolution Is Here. And Most People Are Preparing for the Wrong Thing.

Hi friend,

The question isn't whether AI is a bubble. The question is whether you're ready for what comes next.

Everyone wants to know if we're in another tech bubble. Philippe Laffont's $54B hedge fund Coatue just gave us the answer: After analyzing 30 bubbles across 400 years of market history, they concluded this isn't a bubble at all. It's the early stage of a new industrial revolution.

And they're right. But not for the reasons most people think.

Here's what Coatue found:

AI stocks have outperformed the S&P 500 by over 160% since ChatGPT launched. Unlike the dot-com era, today's tech valuations are justified by actual profits. The data shows we're still in the "displacement phase" of this transformation, not the euphoria phase that precedes a crash. Corporate AI adoption jumped from 5% to 13% of employees and continues climbing. The infrastructure players (energy, semiconductors, cloud) are now leading returns. This isn't hype. It's structural transformation. (Report deck and replay link) https://www.coatue.com/blog/perspective/public-markets-update-2025-10-16 

But here's the deeper story they're not telling you.

For over a century, we've been doing something backwards. We've been computerizing human beings. We taught ourselves to think in computer logic, speak in computer metaphors, and work in computer rhythms. We talk about "bandwidth" when we mean capacity. "Processing" when we mean thinking. "Connection" when we mean relationship. We've spent generations learning to translate ourselves into a language machines could understand.

And in the process, we lost something vital. We lost the distinctly human skills of listening, of speaking with nuance, of creating meaning together. The very capacities that make us irreplaceable by AI. 

Now history is turning.

For the first time, we're not computerizing humans. We're humanizing computers. The machines are learning our language. They're adapting to us. And this isn't the end of that journey. It's the beginning.

This shift creates two urgent opportunities:

First, the infrastructure play. If Coatue is right (and the data says they are), we're watching the foundation of a new industrial age being laid in real time. The companies building the rails for this revolution, the energy systems, the compute infrastructure, the new architectures, they're not overvalued. They're underestimated. This is your moment to position accordingly.

But here's the second opportunity, and it's the one almost everyone is missing.

In the era of humanized computers, the skills that matter most are the ones we've been systematically dismantling for decades. The skills that philosophers Hubert Dreyfus, Fernando Flores, and Charles Spinosa called "skills for making history" in their book Disclosing New Worlds. The capacities that make individuals pivotal, irreplaceable, indispensable.

Not because AI can't do what you do. But because you can do what AI cannot: shape new worlds, forge new possibilities, create contexts that didn't exist before—all this in conversations with other human being that change history. Anything important that changes the world, starts in conversations with other human beings. AI will never be able to do this and we don’t want it to. Human being is a narrative-dwelling being. AI is a tool to help with that. 

This is where we, as a team, have placed our attention. The recovery and redevelopment of the human skills we've lost. The sensibilities that will make people indispensable in the age of AI. This niche is about to explode, and we're at the ground floor.

If you're reading this and feeling that pull, that sense that something fundamental is shifting and you want to be on the right side of it, I'm starting a conversation about exactly this next Saturday. If you're interested in joining, message me. Let's talk.

The revolution isn't coming. It's here. The only question is: are you ready to be indispensable in it?

With care,
Saqib