All the public companies backed are now down badly.
- METACRINE -92% (1 year)
- Unity biotechnology -86% (1 year)
- DECIBEL THERAPEUTICS -80% (1 year)
- PRECISION BIOSCIENCES -62% (1 year)
- METACRINE -92% (1 year)
- Unity biotechnology -86% (1 year)
- DECIBEL THERAPEUTICS -80% (1 year)
- PRECISION BIOSCIENCES -62% (1 year)
Even your own comment hinted that perhaps we have some more pressing issues to figure out first
It’s always been obvious to me that the problem with singular focus on inequality is precisely this — the easiest way for everyone to be equal is to be dead. This is appalling and a strong argument against a singular focus on inequality.
I would say the same thing about wealth. The easiest way for everyone to be equal is for everyone to be poor. So, make sure your preferred economic policies don’t follow this adverse incentive and just “cut the tall grasses”, so to speak, and just make everyone poor and/or limit upward mobility.
I don't see how my argument is any different from the arguments about us not being ready for general AI because of how much it could concentrate power.
Power is already concentrated, such an advancement would not change the indelible fact that we've reinvented kings and dynasties and we can't seem to get rid of them. Given that life has gotten better for everyone anyway when we discover great things, such concerns must be seen as immaterial. Improving the life of all people is more important.
Final portofolio is (0.1 * 49 + 10 * 1)/50 = 0.29 or -71%