Jim Bianco(@biancoresearch):Rational Dissent Episode 003. Valuations in An Earnings Explosion Available on YT, Spotify, Apple, Overcast, etc. ---- Is the juice worth the squeeze? Earnings keep rising, valuations are questionable, and investors are uncertain. What should you make of earnings these days? Chapters 00:00 Hot Open & Intro 00:51 Why Earnings Confuse 03:54 The Anthropic Effect 07:10 Include Other Income 09:36 OpenAI Next Wave 12:32 Valuations vs Earnings 18:05 Data Sources Diverge 22:42 Quant Models in Trouble 26:05 Vendor Financing History 29:15 CapEx & Bubble Risks 37:10 Lightning Round Fed or Earnings 38:53 Wrap Up & Subscribe

2026.08.11 20:37

Rational Dissent Episode 003. Valuations in An Earnings Explosion Available on YT, Spotify, Apple, Overcast, etc. ---- Is the juice worth the squeeze? Earnings keep rising, valuations are questionable, and investors are uncertain. What should you make of earnings these days? Chapters 00:00 Hot Open & Intro 00:51 Why Earnings Confuse 03:54 The Anthropic Effect 07:10 Include Other Income 09:36 OpenAI Next Wave 12:32 Valuations vs Earnings 18:05 Data Sources Diverge 22:42 Quant Models in Trouble 26:05 Vendor Financing History 29:15 CapEx & Bubble Risks 37:10 Lightning Round Fed or Earnings 38:53 Wrap Up & Subscribe