Note: The author owns shares in Softbank Group. I mention it because I believe 'The Singularity' is related to the thesis that the bull market in stocks might end in a melt-up phase. During a melt-up, gains tend to be large and transitory, as melt-ups typically precede melt-downs. Current adherents to the melt-up thesis include Jeremy Grantham of GMO and Legg Mason’s Bill Miller. This time around, I believe a compelling story will involve the information revolution, and the implicit assumption ‘The Singularity’ will be achieved in the not-so-distant future.

Source: Forbes February 26, 2018 15:33 UTC