As many of you know, when I confront mega-pessimists I like to ask them “But are you short the market?” Not once in my life have I heard a satisfactory rejoinder to this query. (The last answer I heard was “I will be!”.)
I now have a new question for those who see a reasonably high likelihood of AGI. Of course AGI could wreck the world, make the world a whole lot better, or simply overturn multiple sectors of the economy, in both good and bad ways. If you believe in AGI, typically you believe it will matter a lot, though there is considerable disagreement on the cost-benefit ratio.
So basically you should go long volatility, both of the aggregate market and sector-by-sector.
Can I call them AGIers? (“Aggies” is already taken.) AGIers ought to be long volatility.
Are they? I have started asking this question, and I plan to continue the practice.