791–800 of 1001 posts
Took almost 20 years for someone to find a way to scale up the basic Scam Mechanics and try again.
If you like SpaceX's launch business (the Grade A mortgage that you personally hold and pay), know that you can't get it without xAI (The dogshit that's already delinquent)
Earlier quoted context omitted.
My understanding is that it’s better than doctors themselves. But it’s probably the same as with autonomous driving: the bar isn’t just “be as good as humans”, it’s “be flawless”.
It’s actually quite a lot worse than even doctors in training except for highly constrained experimental settings and a few very nice applications that are mostly too tedious/impractical for a human to do or are very basic detection tasks. I am a radiologist and researcher predominately focused on AI.
Earlier quoted context omitted.
> The fundamental reason S&P 500 exists is to let people buy the entire market And why do people want to buy the entire market in the first place? They want to diversify and insulate themselves from a single company crashing their portfolio value. What are people afraid of right now? They're afraid of a single company crashing their portfolio value. Why are people afraid of their portfolio value crashing? Because the…
The problem is people equating S&P 500 with "set and forget" investment when that's never what it was. It's an index. You're not paying anyone to balance it with a particular risk profile. There are indexes that invest equal amounts of money into all companies, so Nvidia doesn't dominate. Or you can pick low growth high dividend indexes to insulate against AI. Or just grab Vanguard LifeStrategy if you don't want to t…
Remember they arent selling the entire floats of these companies. I cant read the article because Im not willing to pay for the Economist, but 400-500b in equity issuance is not a big deal to the global financial markets even though it sounds big.
Earlier quoted context omitted.
Should one sell their 401ks ahead of the forced buying
"Be fearful when others are greedy". Greed is at an all-time high, so be careful. Whether that means buying or selling or staying put is for you to decide.
Earlier quoted context omitted.
Should one sell their 401ks ahead of the forced buying
In general you should never "sell your 401k." Period. (Short of using it for income during retirement.) What you should do is have an Investor Policy Statement[0]. This should contain at least two things: - your desired Asset Allocation (e.g. 30% U.S. stocks, 30% International stocks, 20% U.S. bonds, 20% International bonds) which should be decided upon based on specific, personal goals and risk tolerance - your stri…
Earlier quoted context omitted.
> 7. Index fund managers are not incentivized to exclude a SpaceX from their indexes. (?) Correction: index funds don't have a choice. They must follow the index, and so must buy the stock. side effect: they'll have to sell other stocks, pushing their prices and weighting in market cap weighted indexes down. > Passive investors are unable to rapidly respond to these types of changes because liquidating portfolios wil…
> Correction: index funds don't have a choice. They must follow the index, and so must buy the stock. Maybe, most indexes do not have to follow the index. they just need to match the returns. An index fund manager has choice of what stocks to buy. However an index fund doesn't have enough managers to make many choices and so they normally buy just what is in the index. However all index fund managers know they are la…
Do we finally see the mechanism?
Earlier quoted context omitted.
You'll overpay -- but not by trillions.
Sure but SpaceX can get you into orbit for $1400 per kilogram, and future projection and goal is $100 per kilogram. The competition is at $15,000 per kilogram. I think it's a no-brainer for anybody trying to get anything into orbit. Unless someone figures out superior tech that surpasses SpaceX, I'm just not seeing why anyone would spend more for less capable and costly rockets.
pop the bubble already