Passive investing turned everyone into a tech investor without anyone asking permission. That’s the uncomfortable reality your pension statement won’t spell out. Concentration risk isn’t theoretical — it’s sitting inside the funds you forgot you owned, quietly indexed to the same seven companies the ECB just flagged as the core of a potential AI Infrastructure financial stability problem.
Well they are, rationally, assuming they are gonna make “a genie that can grant any wish”, so they will simply ask how to solve the next round of funding issues.
“As you can clearly see on the chart of our earnings projections, our revenue doubles on January 18th, 2027.” “Yes, I can see that quite clearly, thank you.”