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It's an idea that just won't die ... If we concatenate enough garbage: (subprime loans, training inputs, consumer information) then the result: (MBS tranches,
by rsync 5y ago
It's an idea that just won't die ...
If we concatenate enough garbage: (subprime loans, training inputs, consumer information)
then the result: (MBS tranches, AI, targeted ads) is somehow not garbage.
This appears to be a wonderful model for separating gullible investors from their money so I suspect we'll keep seeing new incarnations of it ...
- glenstein 5y agoI think you are right, but the process you describe is so similar to the way we actually create value. Transforming or changing something from less into more. Normally we might call it work, or a patent. Making garbage can look similar to doing work and making something of value in the right circumstances.
- Dylan16807 5y ago> Transforming or changing something from less into more. "Less" rarely means garbage, and usually it takes more work than acquiring more more more.
- whimsicalism 5y ago> This appears to be a wonderful model for separating gullible investors from their money so I suspect The original model, selective investment funds with management fees, seems to be doing quite well a century on.