Part 4/17:
The conversation highlights that market peaks, especially those fueled by speculation, often give way to gradual corrections rather than instant crashes. The real danger, Scott emphasizes, is overexposure to heavily inflated sectors—particularly those connected to AI—that could lead to a sharp decline when the bubble finally bursts. There's also concern regarding "circular financing," where multiple companies fund each other in a loop, creating an illusion of liquidity and value that could implode.