Dot-Com Bubble Déjà Vu? What Market History Tells Us About AI and Private Markets скачать в хорошем качестве

Dot-Com Bubble Déjà Vu? What Market History Tells Us About AI and Private Markets

What happens when the host becomes the guest? In Episode 23 of Significance of Wealth, Martie Salt sits down with Tom Ruggie - Founder and CEO of Destiny Family Office and the show’s regular host - for a wide-ranging conversation on alternative investing, private markets, and the accelerating AI cycle. Fresh off being named InvestmentNews’ 2025 Advisor of the Year for Alternative Investments, Tom shares insights from his recent presentation to his TIGER21 peer group, where he argued that today’s AI revolution closely parallels the internet boom of the 1990s—compressed into a much shorter time frame. Together, Martie and Tom explore: • Why Tom believes the AI bubble has not yet burst—and what signals he’s watching • How Destiny Family Office accesses late-stage, pre-IPO companies through institutional relationships • The difference between primary market valuations and secondary market markups • Key risks of direct investing, including illiquidity, valuation opacity, and concentration risk • How a long-standing bucketing strategy helps determine appropriate allocations to alternatives • Where private equity, private credit, hedge funds, and direct investments fit within a broader portfolio While some opportunities discussed may only be available to qualified purchasers, this episode offers valuable perspective for any investor seeking to understand how experienced advisors and ultra-high-net-worth investors are thinking about private markets, innovation cycles, and long-term portfolio strategy. The views, thoughts, and opinions expressed in this podcast belong solely to the host and/or guests and do not necessarily reflect the views of Destiny Wealth Partners, LLC or its affiliates. Nothing discussed should be construed as investment advice, an offer, solicitation, or recommendation to buy or sell any security, investment product, or strategy. Investment advisory services are offered through Destiny Wealth Partners, LLC, an SEC-registered investment adviser. Destiny Wealth Partners also conducts business under the name Destiny Family Office. Registration with the SEC does not imply any level of skill, training, or favorable outcome. This podcast and any related materials are provided for informational and educational purposes only and are not intended as a substitute for personalized investment, legal, tax, or accounting advice. Destiny Family Office is neither a law firm nor an accounting firm, and no portion of this content should be construed as legal or accounting advice. Listeners should consult their own advisors regarding their specific financial circumstances before making any investment decisions.  Discussions may include references to private, alternative, or illiquid investments. Such investments are speculative, involve a high degree of risk, may involve limited liquidity, and are not suitable for all investors. Alternative investments are intended only for investors who meet applicable eligibility requirements, such as Accredited Investor or Qualified Purchaser standards. Past performance is not indicative of future results, and no assurance can be given that any investment strategy will be successful or achieve its objectives. Any references to specific investments, strategies, or market outcomes are for illustrative purposes only and should not be assumed to be profitable or suitable for any individual or portfolio. No guarantees are made that any client or investor will experience similar results. Destiny Family Office and its affiliates make no representations as to the accuracy or completeness of the information discussed and are not responsible for any human or mechanical errors or omissions. The podcast content is the sole property of Destiny Family Office and may not be reproduced or redistributed in any form without the express written consent of Destiny Family Office. Copies of Destiny Wealth Partners’ current Form ADV Part 2A (Disclosure Brochure) and Form CRS, which provide additional information about advisory services and fees, are available upon request or at www.destinyfamilyoffice.com/disclosures.