5gff3

5 ms·

1. 1.▲
   by 5gff3 1mo ago

   "> much of the cash flows are coming from investments made yonks ago" Yes they are. The marginal ROIC for tech firms that are in mature growth is shit. Made shitter by continuing to field many people for no good reason.
2. 2.▲
   by 5gff3 1mo ago

   Tech is insanely bloated and much of the cash flows are coming from investments made yonks ago. What firms are going to do now is probe deeper and disinvest in crappy projects that - many that most likely generated negative returns upon clo
3. 3.▲
   by 5gff3 1mo ago

   The reality is, a lot of economic activity is fake in the sense that it is highly-discretionary. And this will continue to go on and on and on. This means that this idea of large scale AI lay offs is complete delusion.