The $2 Trillion Question | Tobias Carlisle on SpaceX, the AI Buildout, and the Rotation No One Sees
Tobias Carlisle joins Excess Returns to discuss why today’s market may be setting up a major opportunity in value stocks, small caps and micro caps. We cover stretched market valuations, AI capex, SpaceX and other massive IPOs, the risk of speculative growth assumptions, and how Tobias builds systematic deep value portfolios in ZIG and DEEP.
Tobias Carlisle on X
https://x.com/Greenbackd
Acquirers Funds
https://acquirersfunds.com/
Topics covered:
Why elevated market valuations point to lower forward returns, not necessarily an immediate exit from stocks
The case for small value, micro-cap…
The skinny
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