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Fund Manager Warns: AI Hype Mirrors Dot-Com Bubble

3/29/2025

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Summary

Story summary

Scott Barbee has managed Aegis Value Fund since 1998, specializing in deep-value small-cap investments.
In 2025, despite market volatility, the fund has achieved over 11% growth year-to-date.
Barbee cautions against the AI stock hype, likening it to the dot-com bubble.
He advocates for diversification and long-term investment strategies.
The summary highlights lessons from past market crashes and the benefits of global diversification.

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Story summary

Scott Barbee has managed Aegis Value Fund since 1998, specializing in deep-value small-cap investments.
In 2025, despite market volatility, the fund has achieved over 11% growth year-to-date.
Barbee cautions against the AI stock hype, likening it to the dot-com bubble.
He advocates for diversification and long-term investment strategies.
The summary highlights lessons from past market crashes and the benefits of global diversification.