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When Reuters is telling you how stupid an investment is you know it's time to get in. This is the literal inverse of the shoeshine boy. If there is societal pr
by casey2 3y ago
When Reuters is telling you how stupid an investment is you know it's time to get in. This is the literal inverse of the shoeshine boy.
If there is societal pressure to not invest in something it is, by definition, undervalued.
- actionfromafar 3y agoThat may be but it feels like a much higher risk position to take.
- alephnerd 3y agoWhy? Reuters was the first news agency to use NLP to automate news generation back in the early 2000s. They have always had a pretty robust NLP/ML group and the author of the article is an ex-Fund Manager who is writing an op-ed aimed at other Fund Managers/PEs/less technically knowledagble investors. Tiger Global and SoftBank made similar mistakes in the Deep Learning revolution because they were Fund Manager types with a lack of domain experience, compared to say A16Z, Sequoia, Greylock, etc. An Investment Associate at BVP or an MLE or ML PM looking at making their own Generative AI startup with YC isn't the target audience - institutional investors who lack techncial domain experience are the target audience of this article
- throwaway2037 3y agoHat tip for this post. I assumed it was a regular news article from Reuters. It is not. I would classify it as an editorial by a professional money manager. Here is the author: https://www.breakingviews.com/journalist/felix-martin/ https://www.breakingviews.com/journalist/felix-martin/ And: https://www.1167capital.com/bio-felix-martin/ https://www.1167capital.com/bio-felix-martin/ He sounds like the real deal.
- asdfman123 3y agoI’m sure you can find plenty of Reuters articles criticizing things that are just plain terrible ideas