Patrick OShaughnessy(@patrick_oshag):Cliff Sosin (@CliffordSosin) is one of my favorite people to call, ask some big questions, and then shut up and listen. This conversation is a version of one of those calls. We discuss: - The limits of intelligence - Owning the complements to it - Meta, the frontier labs, and the AI build-out - Capital markets - Why he's comfortable with 80% of his portfolio in Carvana. TIMESTAMPS 0:00 Intro 10:41 The Limits of Intelligence 18:03 Investing Beyond Cheap Intelligence 24:03 Will AI Become Commoditized? 35:10 Who Profits From AI? 43:00 AI Agents Reshape Competition 52:06 America's Capital Markets 58:04 Transforming Companies With AI 68:19 AI and Portfolio Concentration 73:16 Education in the AI Era

2026.10.27 12:00

Cliff Sosin (@CliffordSosin) is one of my favorite people to call, ask some big questions, and then shut up and listen. This conversation is a version of one of those calls. We discuss: - The limits of intelligence - Owning the complements to it - Meta, the frontier labs, and the AI build-out - Capital markets - Why he's comfortable with 80% of his portfolio in Carvana. TIMESTAMPS 0:00 Intro 10:41 The Limits of Intelligence 18:03 Investing Beyond Cheap Intelligence 24:03 Will AI Become Commoditized? 35:10 Who Profits From AI? 43:00 AI Agents Reshape Competition 52:06 America's Capital Markets 58:04 Transforming Companies With AI 68:19 AI and Portfolio Concentration 73:16 Education in the AI Era