bofadeez

How can prices reflect all available information if there's no profit to collecting the information and there are no informed quant traders? Who is collecting the information exactly so that prices can reflect it and what is their incentive for doing so? Efficiency doesn't happen magically or automatically - traders create it. It's like a kaggle contest* to process information, with the incentive being profit.

You don't believe in the existence of residual return orthogonal to priced cross sectional risk factors (alpha)? E.g. Trends, momentum, volatility clustering, etc. many easily demonstrable inefficiencies. VPIN and order flow toxicity are highly predictive features. Most HFT MM especially in crypto involves hybrid alpha in addition to the (visible) bid-ask spread, which it itself an "inefficiency" to compensate market makers like Jane Street and other successful firms that operate on the assumption that weak form EMH is not accurate.

* https://www.kaggle.com/competitions/jane-street-real-time-ma...

Maybe not "collapse" in a the sense of going to zero but if there was no profit to trading, then the quant trading industry would not exist, trading profits would collapse.

Meanwhile Two Sigma is hiring alpha quants to be AI research scientists at $250k starting salary + bonuses.

Even if we're just talking about the HFT/sell-side, there clearly exist various anomalous inefficiencies that can be exploited.

Fama's guy doesn't agree either [1]

https://www.ft.com/content/813b3d76-6ef1-427d-a2e0-76540f58a...

Step 2: https://en.wikipedia.org/wiki/Grossman%E2%80%93Stiglitz_para...

That's just how limit order books work with mark-to-market pricing

Lol this is so naive and optimistic. Claude will just do whatever it wants and apologize later. This is good for action #1 though.

They still wear crowns?

LLMs are designed to fool you into thinking they're right by providing plausible answers.

Stop anthropomorphizing intermediate tokens as "reasoning" when all it can do is rationalize.

E.g. "This test script failed but probably for an unrelated reason. I'll mark it done and move on."

One agent can't even be trusted to think autonomously much less a tree of them

No sounds like a normal person lol. Just ask an LLM why I'm right and you're wrong. You're welcome.

Lol that's powerful cope. Just follow up with "it's not a riddle" and you'll get the right answer.

Just follow up with "it's not a riddle" and the LLM will answer your question.

Person 1: "I need chairs for two fathers and two sons to sit"

Person 2: 'Okay, I have no idea how many chairs to grab, not enough information' - nobody ever

(Person 2 has no ability to contribute to anything of economic value.)

Then you'll ask it to evaluate the possible solutions and it will forget the original problem entirely by the time it's done enumerating solutions.

Great job, AI labs! It's almost TOO useful

Oh you forgot to say "it's not a riddle" and then get the right answer lol

Huh? https://alignment.anthropic.com/2026/hot-mess-of-ai/

Ask any SOTA AI this question: "Two fathers and two sons sum to how many people?" and then tell me if you still think they can replace anything at all.

We're all coming to terms with the fact that LLMs will never do complex tasks

But as of now you're just wide open for abuse? Okay

Resend uses SES since it's almost impossible to get private IP mail to hit the inbox through ProofPoint filters. Looks like you have no idea about any of this. You don't even have knowledge of email reputation, much less a plan. Have you heard of Senderscore? You will have all zeros. Saying "SPF DKIM DMARC" is wild - that's a checklist from 15 years ago.

I think the author is way understating the uselessness of LLMs in any serious context outside of a demo to an investor. I've had nothing but low IQ nonsense from every SOTA model.

If we're being honest with ourselves, Opus 4.5 / GPT 5.2 etc are maybe 10-20% better than GPT 3.5 at most. It's a total and absolute catastrophic failure that will go down in history as one of humanity's biggest mistakes.

Opus 4.5 is maybe 10% better than GPT 3.5. It's a total joke and these AI lab CEOs should literally be put in prison with Bernie Maddoff

This bubble is going to crash so much harder than any other bubble in history. It's almost impossible to overstate the level of hype. LLMs are functionally useless in any context. It's a total and absolute scam.

It's far more insidious than that. It's tricking us into thinking it got the right answer.

Yeah exactly this

How many more appeal-to-authority counter arguments are going to be made in this thread

"Defaming celebrities" that's a big concern lol. Let's also make sure billionaires securely obtain maximum luxury next.

> Consensus isn't always preferable. See religion.

Any examples where it's not preferable?

Wisdom-of-Crowds coin-jar experiment: independent guesses are noisy, but their average reliably approximates the true count, showing group aggregation beats most individuals.

Maybe version 2 will be better

Post brought to us by the NSA

This is conflating whistleblowing with the need to pay rent on your residence. This guy is not exactly a Julian Assange.

Oh if he wasn't interferring, then they must have allowed him to keep living there? Why is that sad, you want him to be kicked out?

(You forgot to use logic or explain a point of view and instead just made a random moral judgement and expressed the emotion it made you feel, so I had to make some assumptions about your intentions and depth of thought)