Some solar companies did well this year. I’m sure some ETFs claim to try to basket this tech, but I personally think those will always miss the big winners, turn into an AARK with a few good years followed by steep losses, or just do less than the market index anyway. I think I might use a small % of my bankroll, choose a few favorites and do my own basket after getting some ideas from a list of what professionals are buying, use a long holding timeframe and try to hit a big winner.
“People next door you can grow with” how quaint. I feel like I’m listening to a Hobbit from inside the Shire who doesn’t know Mordor has taken over outside. A little boost of positivity.
Hosts were originally people with spare bedrooms or extra buildings. Now they are “professionals” who consider themselves grindset “investors”. They will squeeze every dollar they can out, and as a result the quality has collapsed while fees and bad experiences have gone up.
True, the reductionism is no good. I guess to me I’m tired of discourse that leans towards “universities are places where we make you a complete human”. The real state of things is more what I describe, with a dash of making you deeper. Not vice versa.
I wish we lived in a society that normalized breaking up or having different forms of relationships and acknowledged how hard it is to spend so long around one person. Instead of this weird situation where we act like staying together forever monogamously is the healthy default. I’ve actually come to think those people are overly codependent. The number of people I see who “make it work” and suffer, with such a short life to enjoy…but being alone is hard. It is tough to know what is the right move.
That’s exactly what universities are these days. They sell a signal that says “this worker can do the bare minimum you need” called a Degree. We make the worker get certified themselves, but this is the purpose. To act like modern Universities do anything else today is disingenuous in my opinion. It’s like saying people who work in finance are there to allocate capital efficiently. No, they’re there to make money. That’s it.
Thanks for that. What a great example of how to actually use these things. You need to almost prime the chain with your prompt, give it some structure towards the particular later chain step you want. It makes a lot of sense that it can’t just leap to what you want, but with some setup, you can almost lay the path for it to follow.
That’s wrong. If you can make it do so, it will make jokes about anyone. See the example “write a function to determine if an engineer is good at their job” and you can get it to return a terrible Python joke of “if gender == male return True else…”.
It’s true people should just stop. I like the idea that people who like content will stick with it as it gets worse and worse, but once they go over the cliff of being done with it, they never come back. It takes time though.
Also so much of management is personal. Upper management doesn’t have visibility into your day to day and needs to trust you’ll deliver by the deadlines they set for their bosses/customers. It’s hard to trust someone you don’t already know.
The Chinese Empire is a fantasy. China will remain a great factory and little else. Everything there is still done using personal connections (eg. corruption). The basis of a globe spanning empire this system is not. When all your growth is due to external investment, external contracts, and external culture/politics, you can’t become the center.
The words of Andrew Lahde (who closed his hedge fund up 800% after betting against investment banks in 2008) continue to be not just insightful but downright educational.
"I was in this game for the money. The low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA, was there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government. All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America."
The lesson is that just because you work for a16z, or Goldman Sachs, or McKinsey, doesn’t mean anything. In fact you’re probably more dumb than average because you’ve been trained to see things a certain way. Not only are they not our best and brightest, they are in fact the “low hanging fruit”.
Already the world of founders, funding, and venture capital is full of incestuous relationships and shady dealings. I can’t imagine what happens when you combine that kind of capital with the utter shamelessness and obtuse financial engineering of the cryptocurrency space.
It’s a sense I get from the collection of posts not just this one in particular. Perhaps harsh and hyperbolic. What happened feels like a clash of two worlds - the soft sounding environment of Twitter and the sometimes brutal or cruel environment that Musk clearly encourages (though he would argue it’s just efficient and necessary I’m sure).
I saw one thread where people who were one day posting #lovewhereyouwork got fired the next day after working over the weekend for a project Musk announced by email on a Saturday. It’s like they couldn’t imagine that a flippant billionaire was working them and slaughtering them like sheep. So used to a corporation that coddled them, that they walked into it smiling. I don’t use terms like bullshit hatefully…I think it is bullshit. Smart and well intentioned people, but sort of delusional nonetheless. Talking about missing time with family because, “I get to solve problems at scale no one else does.” Companies are not families, what you are doing is not always important. I think calling each other “Tweeps” is an example of this. You forgot that when the easy money party stops they will treat you like what you are to them, a line item.
Tim Cook is such a chad of capitalism. No scandals, no cheating on his spouse, no useless hail mary projects, no “my rocket is bigger” games, no embarrassing twitter addiction. The guy just wakes up every day at 4am, creates value for shareholders until 10pm, then sleeps and does it again the next day. Quietly collects half a billion a year for his hard work. When he is in the news, he sounds totally human. Here he is biking alone on Sand Hill. Here he is at the grocery store. Bezos and the rest look brilliant but juvenile by comparison. Jobs legacy lives on in his pick, although he himself had some of these holes.
The extreme and somehow flowery language in all these posts from Twitter engineers is so indicative to me of some kind of delusional rot. “My team worked SO hard every single day to Change The World, the smartest people on the planet Earth, the greatest engineers ever to touch a keyboard, no one has our scale, no one has our problems.” So caught up in their own bullshit that they are like fat, happy hens who don’t see the fox in their midst named Elon. It reminds me of Billy Bob Thornton in Fargo Season One. “The maps used to say ‘there be dragons here’. They don’t anymore, but the dragons are still there.” These people live in a bubble where they reinforce each other.
Completely agree. Elon is so worshipped that just him doing this has already emboldened the financial analysts and wannabe founder types to more ruthlessly question total comp numbers and hiring. Everyone who works in technology should be worried. Whether it’s correct or not, what looks like waste and excess to the business class who are used to the “hard facts” of balance sheets could look to someone else like one of the few labor sectors on the planet where workers are paid something near what they are worth. Silicon Valley is the land of fat peasants. This is the beginning of the lords and ladies tightening the peasant’s belts.
Competing and yet also colluding? Corporations want to fulfill consumer or shareholder desires in exchange for money. The CCP wants to dominate you and determine your way of life. They want to tell you what you’re allowed to desire. It’s very different.
Very well put, it's not even close to the same ballpark. It would also be like moderating a 1 billion user subreddit where nearly every single post is off topic and comes from different users, whereas in subreddits a few super users often produce a huge percent of the content.
The libertarian leaning, free market lovers on HN won’t entertain your slander. The book Debt really opened my eyes to a flow of logic demonstrating that in fact markets cannot exist without states (laws) and vice versa. That this idea of pure markets corrupted by governments is a complete fantasy invented whole cloth and worshipped by sycophants for centuries. Markets require contracts, which require laws and enforcement. That’s it.