Tesla is a great example. It’s 30% retail, 25% elon and insiders, and the remainder institutional, mostly index funds.
The investment thesis for Tesla is absurd. They built the market cap on hype and it got big enough that it remains a force. It’s a flailing company, kept afloat by bullshit.
The bigger issue is the death of small cap. Massive venture, sovereign wealth and PE funds don’t need the public market capital anymore, so they harvest the vslue and spit out the company late in the value cycle.
Snap, cool as it is, is a social media loser. The investors cashed out their shares to the public, who took the loss.
> The investment thesis for Tesla is absurd. They built the market cap on hype and it got big enough that it remains a force. It’s a flailing company, kept afloat by bullshit.
Maybe, or maybe they are one of the few businesses people want to bet on to be able to create new streams of revenue. Intel used to be big, and now it isn’t. It being big didn’t help stop its demise.
> The investors cashed out their shares to the public, who took the loss.
They didn’t. The biggest investors, the founders, still have almost 50% of the shares. Also, SNAP peaked at $131B in September 2021, 2 years after SNAP went public at $27B.
Would you have written then that “The investors cashed out their shares to the public, who took the loss”?
Of course not. Because index fund investors did not cause it to go to $131B, and they didn’t cause it to go to $6B.
The fact that founders still own 50% of the shares doesn't mean that they didn't sold some of ones they had. Also Snap gives very generous stock options to their C-team, meaning that they can sell overtime while keeping their large stash.
> so they harvest the vslue and spit out the company late in the value cycle.
So SNAP executives IPO’d at $27B, and over the next 4 years, the market cap increased to $131B, which anyone in the public could have benefited from.
Yet now you are saying SNAP execs are wrong for selling their equity over time?
It doesn’t seem like there is any winning here for SNAP’s executives, even though they gave the public the ability to quadruple their money in 4 years. What more can you ask for?
If you have $100k, you can do it with direct indexing at Schwab. The management fee is 0.40%.
I looked into it, but there are gotchas with wash sale rules and taxes. You really need $500k-$1M to avoid tracking errors. End of the day, the overhead seemed more problematic than the problem, so I ended up increasing my global allocation instead.
Overall it's worse than the other frontier models, but it's decent for queries about breaking news, due to being trained on twitter data.
It's also better for queries about controversial topics, and topics that the other labs have deemed to be "unsafe".
Politically, it differs quite a bit from other models.[0] It's right leaning, although it's closer neutral than other models, defining what neutral is a challenge though.
The study you link to doesn't take into consideration the Overton window of opinions. Perhaps there's some dimension along which you could say that one ideology lies 'opposite' to another political persuasion, but that doesn't necessarily mean that the two ideologies are equally acceptable to support in a given society.
I don't think calling defining neutral a 'challenge' does the question justice - neutral will always be context-dependent, and what may be in the center of the Overton window of one society may be unpopular or even highly illegal in a different society.
Grok and Elon's ventures in general should really get the Purpose of a System treatement in public discourse. For all we know the purpose of Grok is to make nude edits of people. You can assign this to left or right leaning as you please.
I tried it when it has the most extensive free offering, and it definitely answers my worldbuilding questions in more detail than I expected and compared to Gemini or Chatgpt. Can't say anything about hallucinations tho.
I use it, overall, it is not too bad. I wouldn't use it for coding etc, but its access to X means it can answer news related stuff much better. Its guardrails are lower so it does fairly innocuous things that will have ChatGPT or Gemini refusing to do.
Right wingers and generating creating nude images of girls and women who post on xitter, without their consent? Those are the only things I even associate with Grok anymore. The venn diagram may line up pretty nicely between them, too.
Well, we elected a bunch of criminals, and Elon fired everyone who regulates this. The SEC was gutted like a fish, and contract terminations resulted in a large percentage of FINRA staff being laid off.
Alot of the problem with these “disproven” things is over broad scope or abused in the popular media beyond comprehension.
The delayed gratification thing in particular is correlation vs. causation. It was really more about trust. Forcing kids to delay gratification is meaningless or counterproductive.
Agree. But according to Gemini [for what's worth] the final 1990 Mashmallow's study [since first versions were cautious] did indeed jump to conclusions to point there was a causation to a better later life. The media might have amplified, but the wrong (or misleading) conclusion was already present in the _scientific_ paper.
If a scientific paper makes a conclusion, that doesn't mean its a correct, valid, or properly supported conclusion.
You instead look at the claim and the data and the experiment methodology. It often says something far far less generalizable or significant than the conclusion section of the paper.
The thing about experimental science is that you should not make much conclusions from one study or one paper. Those should wait till consensus is reached, till there are many independent studies confirming the same thing under various conditions.
You have a baseline of prosperity and life in your head.
The Heritage guys have a weird perspective where they idolize the early Federalist US and the Reagan Era. Prosperity for the common man wasn’t a highlight of either era, to put it mildly.
In 1790s New York, for example, “local control” meant that many of the people of upstate New York were a sort of serf-like tenant living on the estates of the great men, Dutch patroons who played ball with the colonial and State political infrastructure. They had the freedom to pay rent until their landlord was willing to let them go. That existed into the 1840s, when the country started getting woke.
So we can address housing issues with creative solutions. Why do poor people need their own apartments? Stuff them into a tenement. You can easily fit 15 people in a two bedroom apartment so they can build drones or whatever.
You are correct. The Speaker of the House is a toady who is held in line in the house by a small cabal of super MAGA people. Given some of his unusual personal situations, (for one, he supposedly has no bank account or financial assets) there’s likely a blackmail situation. His supine nature is also probably the strategy for the “3rd term” loophole.
>Given some of his unusual personal situations, (for one, he supposedly has no bank account or financial assets) there’s likely a blackmail situation
1. source on the bank account claim?
2. I don't think you need to involve theories that he's being financially blackmailed, when it's pretty clear that Trump has a tight grip over the Republican party, and isn't afraid to attack or back primary challengers for Republicans that he doesn't agree with, eg. Thomas Massie.
The one at CNN is the more interesting one. It says that he has a bank account but isn't required to disclose it "because it isn't an interest bearing account".
The same reason there’s probably some dude pitching adding AI to notepad. Fad and fashion.
In the last 20 years “peer to peer”, “Uber for X”, “gamification” and now of course “AI” were the must have tech memes. Back in the day O’Reilly had a conference dedicated to the revolution of… XML.
Social was just another one. Now, even the social companies are kinda moving past social. It’s more about hoarding attention. But when Microsoft was shoveling money at Gartner, we had guys coming in dropping books about how the social enterprise would revolutionize business.
eh, that guy who pitched AI for Notepad was a product of M$lop push for AI everywhere. No one seriously though it needed AI, but if they're trolling for AI pitches, of course that's an easy target, it's already text based. GUI stuff is hard, but raw text?
It’s a great way to spot phonies if you don’t have a lot of time. If you encounter someone who seems to know things but you’re not sure what or how well, check LinkedIn.
If they are flexing as thought leaders, they are bullshit artists and readily ignored.
And the converse is true: If you read something with substance, you can know it is VERY important to them; they're likely literally risking their livelihood to do so.
The investment thesis for Tesla is absurd. They built the market cap on hype and it got big enough that it remains a force. It’s a flailing company, kept afloat by bullshit.
The bigger issue is the death of small cap. Massive venture, sovereign wealth and PE funds don’t need the public market capital anymore, so they harvest the vslue and spit out the company late in the value cycle.
Snap, cool as it is, is a social media loser. The investors cashed out their shares to the public, who took the loss.
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