BUY LAND

“I wouldn't be surprised if we see within 10 years, 50% of the jobs in America gone. AI will replace all intellectual capital. Robotics combined with AI will replace all human physical labor. In 10 years? I think within 10 years, it could be 50%. Within 20 years, probably 90%. So jobs, the intellectual jobs will go first, lawyer, accountant.”

“I think the problem is making enough humanoid robots, which I think Elon is at the cutting edge of with the Optimus, and he's going to start putting them out probably next year as fast as he can. I actually think that the bottleneck will be the production of humanoid robots. It won't be the fact that plumbing is too difficult, because if you think about it, there's 5,000 humanoid robots, and they all plumb for one year.”

“AI, I think, is going to be tremendously deflationary. It's going to drive the cost of goods down, the cost of service down. I mean, I actually think that AI will potentially drive interest rates negative. Whereas if you have $100 in a bank account, you will be paying 1% to the bank to keep that money in the bank account.”

“I don't think that the idea of rich, the way that we think of it today, will be the idea that we think in 10 years. I mean, everyone, probably everyone within 10 to 15 years, will have a Michelin star chef, a maid, a babysitter, a dentist, a physician, and I'm meaning the best physician in the world. Literally, someone who's poor today will have the best health care on planet Earth.”

“Instead of having one years of experience of plumbing, they're all going to have 5,000 years of experience of plumbing, because they're all going to know everything that every other humanoid robot knows. They'll have fixed every problem within one year that a plumber could face in 5,000 years of plumbing. I don't think that's necessarily the issue. I think the bottleneck will be the production of humanoid robots.”