201–210 of 560 posts
The criticism seems politically motivated. Considering what happened to Blue Origin, SpaceX's success is commendable. Although I agree $1.8T seems crazy.
[1] https://www.finanshus.dk/wp-content/uploads/2023/02/Pensions...
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You would think you’re investing in a software technology company, but after reading a bit of news stories, you realize you’re quite literally funding war crimes. If I invested in an arms company, I’d have reasonable expectations about what I invest in. Investing in Anthropic at surface level looks like investing in software for hobbies and business. It’s pretty depressing to be honest. I don’t know how I could work…
All major indices have always included defense contractors. Also, when you buy into an index fund, you are not funding the companies that the index tracks. That’s a misunderstanding of how the markets and index funds work.
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While the Starship project may be struggling, Falcon 9 is still a massive success, with a successful launch every couple of weeks, making up most of humanity's access to space/LEO right now. And Starlink is a pretty big deal, particularly in a time of conflict where undersea cables are very vulnerable. If Elon hadn't shifted so far to the right, these threads would be near-universally praising SpaceX despite Starship…
> If Elon hadn't shifted so far to the right A symptom of his fickle nature and erratic behavior, as well as general poor impulse control, all of which rightfully make people skittish with their money and question his judgment.
He had period where he though he can become hero for the democrats due to green cars. It did not worked, neither democrats nor left accepted him as unconditional hero.
The racism, the villingness to cause harm to get more power for himself were there whole time. He was far right the whole time, just became more extreme and open when it stopped being disadvantage.
I really want a QQQ/VOO replacement that excludes these new rushed IPOs that are just exit liquidity. There are ETFs that exclude harmful industries like gambling, weapons and tobacco. How about an ETF that doesn't include IPOs for six months or until insider lock ups periods are over.
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Why not Anthropic? They’re a very rare company capable of charging $200 per month per seat level fee across the corporate workforce. Yes their compute costs are astronomical, but that can be managed down over time by more efficiency or mild enshittification that doesn’t create too much churn.
You would think you’re investing in a software technology company, but after reading a bit of news stories, you realize you’re quite literally funding war crimes. If I invested in an arms company, I’d have reasonable expectations about what I invest in. Investing in Anthropic at surface level looks like investing in software for hobbies and business. It’s pretty depressing to be honest. I don’t know how I could work…
I think you're right that e.g. Anthropic wouldn't be on the block list, because: It's an IT company, and I suspect that even Palantir might make the cut. It is fairly annoying, because my pension fund won't invest in Rheinmetall, SAAB or Kongberg, which I think they should, but they will probably invest in Anthropic, OpenAI, and SpaceX, which I don't really like.
I've recently been thinking about pulling my money from all of the US funds that I currently have. I really don't want my investments to be in SpaceX, OpenAI or Anthropic.
> I really don't want my investments to be in SpaceX, OpenAI or Anthropic. This just being an incomplete list or is there another reason you name the last two but not Google?
I've recently been thinking about pulling my money from all of the US funds that I currently have. I really don't want my investments to be in SpaceX, OpenAI or Anthropic.
Why not Anthropic? They’re a very rare company capable of charging $200 per month per seat level fee across the corporate workforce. Yes their compute costs are astronomical, but that can be managed down over time by more efficiency or mild enshittification that doesn’t create too much churn.
Even sovereign funds (example Norway) are invested in American tech, funds, and indexes.
It is interesting to think about (from the perspective of an immigrant to Norway) how I moved my life’s savings from the US to Norway.
I’m now fully invested into Norway (real estate, savings, and retirement).
My understand is that Norwegians (and the nordics) have historically looked up to the US as a world leader.
I think that is no longer true and maybe this decision by Denmark is a data point of how the Nordics are changing?
It kind of feels like we all have been caught holding the bag (US reserve currency) and now we have to carefully unwind our position.
I’ve lost my point. Maybe my goal here is to just contribute to this discussion to distract from the exhaustion.
