How to sit through an AI bubble

Investing in AI demand.
Protected from an AI bubble.

Nobody can call who wins the AI race. So instead of betting on a single winner, this portfolio sits on the toll road that gets paid regardless of who does — while keeping roughly a third of it in businesses that keep working even if AI turns out to be overhyped. 12 holdings, four roles, rules decided before the fact.

This page is a lightweight, partial translation. The full record — every holding, every article, every decision — is published in Japanese.Read the Japanese site →