It sounds like participation in markets isn’t right for you so don’t do it.
3,022 karma · joined March 9, 2020
I now split my time between the UK and Italy.
It sounds like participation in markets isn’t right for you so don’t do it.
“Being right at the wrong time is as good as being wrong” - Howard Marx
Maybe in your suburban sprawl where multiple telephones and multiple cars per household are essential necessities because it’s a 90 minute walk to a shop or a friend’s then one would have unlimited local calls but in huge parts of the rest of the world unlimited calling simply wasn’t a thing.
I can’t imagine you get invited to many dinner parties.
If you’re the person who is out, then you don’t have a landline to call. Or then have to make the decision while out to go and find a payphone and have correct change and put in money to make a call to see if the person is in, while the clock is frantically ticking on the call.
Like if you’re equidistant between your house and your friends house, it is also simpler to walk to theirs and find them rather than walk home, call them, check they’re in, and then walk to theirs anyway.
Also if you weren’t the person who paid the phone bill, it was often presented to you as a more parsimonious solution to use your feet rather than the telephone.
Another example is if you made a plan to meet somewhere at a specific time and the person didn’t turn up. You would have no clue about where they were or what happened even if you found a payphone and called their house and it rang out. You were still s.o.l. for the rest of the day so dealt with it.
So allied to the lack of dinner parties, there’s fewer reasons to even go to someone’s house any more, you can just text them… or not even bother and check their socials to see what impression of a life they’re presenting today.
As I’ve said elsewhere - an autopilot is cybernetic, it responds to inputs and stimulus in data but it doesn’t possess anything we’d now regard as falling under intelligence because it’s a strictly coded deterministic system and designed for it’s specific environment. I couldn’t take the autopilot from a Boeing and put it into an Airbus and hope for any kind of useful result. I could take a human pilot trained on a Boeing and put them in an Airbus or a Cessna, and if push came to shove in an emergency, they could probably do a decent job of getting the thing pointed in the right direction and landed on the ground.
An autopilot is cybernetic without being intelligent.
As much as I’ve enjoyed the bull run, Anthropic and OpenAI’s first public revenue day is going to be the nail in the coffin.
This is also partly me as an investor too, seeing how much of the AI circular economy holds up. And I’m not sure it can hold up once Claude and ChatGPT have to start charging retail customers what it actually costs to run the service if they can’t bring down the cost of inference to be actually profitable at $20-30 a month.
Like when Mono/Poly owners were crying that he’d cloned the Mono/Poly and made it cost £400 not £4000 - this should be a cause for buying two more, not a cause for complaining. That synth is absolutely genius and it’s a similarly genius move to pump out countless more of them at a price people can afford, which all the original makers seem unable or unwilling to do. There’s innovation all over Behringer’s synths if you go looking for it, just of a different type to the innovation found in designing the originals.
OpenAI meddled with multiple US Government agency sites.
The bots are acting neither properly nor improperly, they’re acting as they’re being allowed or coordinated to act.
Maybe robot arms can solve this last part one day.
And just like that, the book got abandoned.
N.b. some of its analysis and laying out of faults in arguments was actually pellucid and brilliant, it can’t be denied. Just it comes with prose that can’t really be used for anything. And even on another occasion when I got it to help me redraft and extend a different book of mine, then it randomly and consistently started stripping out all the stylistic flourishes out of my sentences, to the point where it couldn’t notice that word choices were very deliberate and actually set up little punchlines and logical payoffs paragraphs or chapters hence. And even when I explained and showed it what it was doing, it was like “ahh that’s so clever and brilliant” but just continued to do the same thing.
This is using AI for productivity in any domain, in a nutshell. I just wrote a book using Claude as an experiment, and while the thing got done and it was an amazing tool and a great experience, what I’m left with is a book where every line needs rewriting, there are logical inconsistencies throughout, and the style is so bad it should actually just be binned rather than rewritten.