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Good article, and it’s one of a number I’ve seen in the last 30 days touching on whether or not there is a bubble, or a long-term decline on the horizon. The p
by Top19 9y ago
Good article, and it’s one of a number I’ve seen in the last 30 days touching on whether or not there is a bubble, or a long-term decline on the horizon.
The problem with bubbles is people will call them as soon as things are overly valued by 200%, or even overly valued by 10x,20x, whatever. While those people might be right, bubbles have this incredible sustaining force to go on for years afterwards. There were lots of high-profile investors who were forced out of Wall Street in 1996 and 1997 for accurately calling a bubble, but under-estimating euphoria.
There was lots of talk 2 years about issues like this, but those never materialized. Who knows this time.
If anyone saw the controversy with Bodega a few days ago, that was a good sign of trouble. Why in the world are 10 year+ Googlers applying machine learning to VENDING MACHINES. There are thousands of fields they could have applied that to, many of which would have made them famous and declared geniuses if they could have gotten it to work. Their focus on vending machines though suggests that maybe AI isn’t all it’s cracked up to me (not long term but for now).