237 karma · joined September 3, 2013
I understand the gist here, but come on. This is a generational company. It’s the only relevant space launch business, and has its tentacles deep in AI infrastructure as well. Maybe the AI bet is foolish — I don’t know — you should short it!
This is a big market getting bigger. Americans have more spending money than ever before, especially at the top end, and the collectibles market is expected to grow as much as 7% y/y for a long time. That's like $50b of new spend every year. Massive opportunity.
I think this is smart. Gamestop is a vibes company, everyone knows it, and this is an opportunity to acquire a real business with strong tailwinds. Everyone knows eBay has been poorly run for 20 years. Even in 2010/2011 when I worked there it was running on empty so to speak. Some opportunity to take control of that narrative and grow the business in demographics with deep pockets would be huge.
Be careful of this kind of thinking, it's very satisfying but doesn't help you understand the world.
Case in point, I am building a cellular automata-based physics system, and there is seemingly nothing I can do to affirm that row 0 is "down" and row 255 is "up". The system just cannot grok it on a consistent basis. It has the ability to take screenshots, write unit tests, etc, it's just blind to the kind of intuitive logic we get with our human world model. So the code frequently regresses and gravity starts going in the wrong direction.
Just a glimpse from building software in 2025.
It feels a lot like logical razzle dazzle to me. I bet if I'm on the right neurochemicals it feels amazing.
Not even mentioning AI, which is a huge opportunity also.
Examples include, for example: the Chomsky hierarchy of languages, where most context-free languages are not regular; Turing computability/solvability; and so on.
"Don't knock it till you try it" "Chesterton's fence" "Reinventing the wheel"
Any others?