Part 3/14:
Ives warns against short-term thinking, advocating for a long-term perspective that recognizes the pattern of transformative tech cycles. Just as previous innovations—cars replacing horse-drawn buggies, computers replacing typewriters—initially seemed revolutionary but eventually became standard, AI is on a similar path. The key, he argues, is to identify the foundational changes and the secondary beneficiaries rather than get caught up in short-term market reactions.