I first read that "every $1T brings back $100", thinking, wow, is it THAT bad?
No, it's very unlikely at this point every $1 Nvidia invests brings back $100. Stating something like that is almost a red flag that things are overheating.
No, it's very unlikely at this point every $1 Nvidia invests brings back $100. Stating something like that is almost a red flag that things are overheating.
That's great leverage.
As long as it really is true and continues to hold true for all the big players involved then things should be OK.
Though it does imply that there's got to be a long-term source of returns which is 100x richer than Nvidia is now, and that source is willing & able to give up 100x what Nvidia can afford to spend now, or where else is the return actually going to come from?
OTOH if the leverage turns out to be unsustainable, or never was quite as extreme as estimated, then adjustments will have to occur, whether that amounts to carefully planned compensation for any shortcomings, or more abrupt developments which relieve undue pressure.
seems no one is reading the article..
So, in one aspect, like the Matrix, they're not lying: they litterally see that on the paper they're reading from.
But like in the matrix, they just need to be unplugged from the bullshit machine to recognize that this money doesn't exist in the real world.
Scientists, particularly the ones who get ragged on, you know, social scientists, are now well aware that no matter how well any given social goal works in the lab; no matter how much pscyhology they evaluate, depend on, etc, what matters is real world implementation.
Thier sheets of cash raining in from some future valuation simply do not exist in a vacuum, but they want to pretend it does.
So we're litterally watching capitalists look at their piece of meat inside the matrix, and telling us: they do not care that it doesn't actually exists, because on the Capitalism ledger, it feels like real meat.
But still, it seems that billionaires are lying left and right. It isn't just Elon.