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> There’s obviously a financial bubble in full force. If it’s so obvious, figure out how to bet against it, get rich, and never have to worry about productivit

> There’s obviously a financial bubble in full force. If it’s so obvious, figure out how to bet against it, get rich, and never have to worry about productivity again. > The environmental impact is real. If every LLM disappeared tomorrow, the environment is still equally fucked as it is today. “Think of the environment” is the second most mindless appeal to emotion argument against anything other than “Think of the children.”

jgeada 1y ago
"The market can remain irrational longer than you can stay solvent" -- John Maynard Keynes
- TheAmazingRace 1y ago
  It's why I just invest in indexes and not sweat it. Yeah, I won't make big bucks like some day traders do if they get lucky (like one guy I saw make $50k on an option contract for RDDT with just a few grand of starting capital), but that's just too nerve-wracking for me.
- paulcole 1y ago
  [flagged]
Buttons840 1y ago
Someone who is extremely skilled at trading stocks, and consistently out-performs the market, while having access to a median amount of money, is going to earn like $10 an hour. Most people don't have access to enough money to begin profitable trading. Most people don't have a realistic option to even try trading.
- paulcole 1y ago
  I would think that someone who is absolutely sure we are in the middle of a massive bubble would do everything in their power to bet as much as possible against it. Because they are absolutely sure that we are in the middle of a massive bubble, they surely can’t lose, right?
deleted 1y ago
[deleted]
jdefr89 1y ago
It's cute when people think they can all exploit the current market and "get rich" when in reality they almost always just help the same people who are already rich, get richer. I say that as someone who has himself, started and sold a startup with a couple friend... The reality is I got SUPER LUCKY. The chances of any individual "making it" in the system that currently exists are minuscule to none. You might be better off playing the lottery and hoping to hit big. The chances of either are ridiculously low. The author didn't say how to solve the bubble crisis we are watching. Usually they aren't things you can solve. He simply acknowledged a huge one is forming and he isn't wrong.
- TheAmazingRace 1y ago
  This is exceptionally true. I'd love to get rich like anyone else, but my odds of landing that perfect trade are extremely remote. I prefer VTSAX and letting it ride for years, if not decades. Time in the market is going to be far more consistently good in the long run rather than trying to win on a lucky stock pick... or lucky lottery numbers for that matter.
- paulcole 1y ago
  Who is thinking that? I think that the person who wrote this blog post is supremely deluded about their ability to identify a bubble.

jgeada 1y ago

"The market can remain irrational longer than you can stay solvent" -- John Maynard Keynes

TheAmazingRace 1y ago
It's why I just invest in indexes and not sweat it. Yeah, I won't make big bucks like some day traders do if they get lucky (like one guy I saw make $50k on an option contract for RDDT with just a few grand of starting capital), but that's just too nerve-wracking for me.
paulcole 1y ago
[flagged]

Buttons840 1y ago

Someone who is extremely skilled at trading stocks, and consistently out-performs the market, while having access to a median amount of money, is going to earn like $10 an hour. Most people don't have access to enough money to begin profitable trading. Most people don't have a realistic option to even try trading.

paulcole 1y ago
I would think that someone who is absolutely sure we are in the middle of a massive bubble would do everything in their power to bet as much as possible against it. Because they are absolutely sure that we are in the middle of a massive bubble, they surely can’t lose, right?

deleted 1y ago

[deleted]

jdefr89 1y ago

It's cute when people think they can all exploit the current market and "get rich" when in reality they almost always just help the same people who are already rich, get richer. I say that as someone who has himself, started and sold a startup with a couple friend... The reality is I got SUPER LUCKY. The chances of any individual "making it" in the system that currently exists are minuscule to none. You might be better off playing the lottery and hoping to hit big. The chances of either are ridiculously low. The author didn't say how to solve the bubble crisis we are watching. Usually they aren't things you can solve. He simply acknowledged a huge one is forming and he isn't wrong.

TheAmazingRace 1y ago
This is exceptionally true. I'd love to get rich like anyone else, but my odds of landing that perfect trade are extremely remote. I prefer VTSAX and letting it ride for years, if not decades. Time in the market is going to be far more consistently good in the long run rather than trying to win on a lucky stock pick... or lucky lottery numbers for that matter.
paulcole 1y ago
Who is thinking that? I think that the person who wrote this blog post is supremely deluded about their ability to identify a bubble.