Defensive Investing for an AI Bubble | Ruchir Sharma's Hedge Rules

In this episode of Bankless, Ryan Sean Adams interviews Ruchir Sharma, CIO of Breakout Capital, about his contrarian investment ideas and global market trends. Sharma argues that the period of American exceptionalism is ending, with international markets poised to outperform the U.S., driven by factors like AI advancements in China and a growing desire for diversification away from the U.S. dollar. They discuss America's heavy reliance on AI for economic growth, the potential risks of an AI bubble, and the importance of considering quality stocks and emerging markets like India. Sharma also touches on the role of liquidity in driving up asset prices, including gold, and advises investors to be wary of crowded trades and to explore opportunities in less hyped markets.