Why Wall Street is ignoring big tech's debt [video]
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Re: Why Wall Street is ignoring big tech's debt [video]
#2[dead]
Re: Why Wall Street is ignoring big tech's debt [video]
#3to modify sinclair: it is difficult to get a man to understand something, when his bonus depends on his not understanding it
Re: Why Wall Street is ignoring big tech's debt [video]
#4TINA, There Is No Alternative
Re: Why Wall Street is ignoring big tech's debt [video]
#5[dead]
Re: Why Wall Street is ignoring big tech's debt [video]
#6to modify sinclair: it is difficult to get a man to understand something, when his bonus depends on his not understanding it
>> when his bonus depends on his not understanding it
As he explains here: https://youtu.be/NufJ7g63KSY?t=1233
Re: Why Wall Street is ignoring big tech's debt [video]
#7It might be more accurate to say that many retail investors are ignoring big tech’s debt.
Re: Why Wall Street is ignoring big tech's debt [video]
#8The papers mentioned:
1. — "The Big Market Delusion: Valuation and Investment Implications" - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3501688
The paper behind the "big market delusion" he discusses.
2. - "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings?" - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2598
This is the "accrual anomaly" paper Boyle describes.
3. - "The ‘Incomplete Revelation Hypothesis’ and Financial Reporting" - https://publications.aaahq.org/accounting-horizons/article/1...
Paper explains why information can be public yet still not be fully incorporated into prices when extracting it takes effort.
4. - "Limited Arbitrage in Equity Markets" - https://www.hbs.edu/ris/Publication%20Files/Limited%20Arbitr...
Mitchell and Pulvino work on the "limits of arbitrage."
5. "How Pervasive Is Corporate Fraud?" - https://www.chicagobooth.edu/research/rustandy/social-impact...
The paper on about one-third of corporate fraud is detected
6. "There’s never been a better time to commit financial fraud" - https://www.economist.com/business/2026/07/29/theres-never-b...
7. "Firm Data on AI" - https://www.nber.org/system/files/working_papers/w34836/w348...
The Bank of England study on executive AI usage and productivity.
Re: Why Wall Street is ignoring big tech's debt [video]
#9I don't know a single white collar worker who isn't using AI for their job. Not like forced, but like "Oh damn, this bot thing can do a lot of tedious leg work for me".
To think that people won't pay $60-$80/mo to continue using it is wild to me. In a white collar environment it pays for itself in a few hours of use.
If you focus on how much value AI brings to people (mostly in time saved), the bubble hardly looks bubbly.
Did Uber die when a trip across town went from $3 to $13? No. It's giving more rides than ever, 10x more than when it was $3.
I'm sure there will be some losers, but unlike the dot-com boom, the entirety of the population already has all the tools needed to leverage AI.
Re: Why Wall Street is ignoring big tech's debt [video]
#10I don't know a single white collar worker who isn't using AI for their job. Not like forced, but like "Oh damn, this bot thing can do a lot of tedious leg work for me". To think that people won't pay $60-$80/mo to continue using it is wild to me. In a white collar environment it pays for itself in a few hours of use. If you focus on how much value AI brings to people (mostly in time saved), the bubble hardly looks bu…
using how?