Tag: Charles Kindleberger (1910-2003)

Money inside shimmering bubbles floating in an uncertain financial market Large space for text in center Stock Photo with copy space

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post

Gary Smith
Date
June 15, 2026

Categorized
Business and Finance, Large Language Models (LLMs)

Tagged
Charles Kindleberger (1910-2003), Featured}

Speculation in Large Language Models: The Worst Sort of Business

_{Speculators buy an asset because they expect the price to keep rising, not because they want the income generated by the asset} _{Gary Smith
June 15, 2026

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Business and Finance, Large Language Models (LLMs)}

The inventions that changed our lives for the better were usually accompanied by speculation bubbles and busts. LLM firms will likely attract the same fate.