Findeton

10 ms·

61.
LLMs don't learn: they get indoctrinated(twitter.com)
9 points by Findeton 2y ago|0 comments
62.
by Findeton 2y ago
You learn enough about value investing to know who is actually following that framework and then you just hope it works. Note: it works.
63.
by Findeton 2y ago
Every function that the government is doing, was done (better) at some point by private enterprises. About levelling the playing field, the problem is regulation in general. Monopolies are only bad if they are supported by violence=governme
64.
by Findeton 2y ago
Governments don't know what has positive ROI... because they don't care about it. Private companies would go down if they do projects with negative ROI. Tell me the incentives and I'll tell you the result.
65.
by Findeton 2y ago
I just used the data available in Wikipedia. Instead, if we go to official data from Argentina's INDEC (national institute of statistics) we get a more reliable picture. Here [1] we see they show annual GDP (called PIB in Spanish) in c
66.
by Findeton 2y ago
The fact that economic activity year over year has increased at all (after 7 months with Milei) is just astonishing. It is astonishing because Milei inherited a deficit of 15% of GDP, so he cut 30% of government spending on the first month
67.
by Findeton 2y ago
"Dolar blue exchange rates are sky rocketing and is more then 4x higher then before Milei.." That is just false. When Milei took over, the dollar blue was at 1188 pesos, and it's now at 1445 pesos. That's an increase of
68.
by Findeton 2y ago
Well, nominal GDP was US $642.5b in 2015 and they haven't recovered yet. And if you measure real gdp (not nominal), even worse. What do you call having lower GDP year after year? I call it recession. https://en.wikipedia.org
69.
by Findeton 2y ago
Well, Argentina has been in recession for more than a decade. Now, he's cut 30% of the government spending and... the economy is back to growth. So, sorry for destroying your Keynesian beliefs.
70.
by Findeton 2y ago
I'd say you don't know what you're talking about. Milei cut back government spending by 30% from the first month on (that's a 15% gdp of spending cuts in a month), and achieved fiscal surplus/superavit on that month
71.
by Findeton 2y ago
Yes some people might do it by chance. Some other people, they do it by knowledge.
72.
by Findeton 2y ago
In general hard working prudent value investors are able to beat the index. It's just that those are very few. I mean Buffet has done it for half a century, that's not a coincidence.
73.
by Findeton 2y ago
Fundsmith for example has beaten the market for a long time (not this year though). I can also mention another Spanish fund that I know: Tercio Capital. https://markets.ft.com/data/funds/tearsheet/charts?s=GB0
74.
by Findeton 2y ago
In my experience there are too many people that don't want to understand that.
75.
by Findeton 2y ago
Why is this absurd socialist article here?
76.
by Findeton 2y ago
Maybe Carpenter himself? Who knows, the fact is that it had a large return on capital, so it's a capitalist success.
77.
by Findeton 2y ago
A capitalist success ($4m bugdet, $13.4m return).
78.
by Findeton 2y ago
In Europe almost no building is made of wood, except for decorative floors.
79.
by Findeton 3y ago
I wish they said that. Unfortunately economists are usually keynsian and prefer to believe that war or burying money create wealth.
80.
by Findeton 3y ago
A corporation is just an abstraction over a bunch of people. So yes, it does restrict individual freedoms.
81.
by Findeton 3y ago
I respectfully disagree because that goes against individual freedom. I understand that historically in the US there's been racism but that's no reason to erode individual freedom.
82.
by Findeton 3y ago
"taxis generally can't refuse transportation to you" The fact that it happens says nothing about whether it's right or not. In my opinion it's wrong and immoral that taxis can't refuse to service you. But taxis
83.
by Findeton 3y ago
They were wrong in their supposition. It's part of free market process, asymmetric information.
84.
by Findeton 3y ago
So create another phone platform and compete.
85.
by Findeton 3y ago
It's a subjective monopoly. In fact everything is a subjective monopoly. And nothing is. Some people just like regulating everything.
86.
by Findeton 3y ago
Monopolies are not a bad thing, except when they are enforced with violence=government. Fortunately no one forces you to use Apple's products.
87.
by Findeton 3y ago
So, a normal day in Argentina.
88.
by Findeton 3y ago
It's not neo. It's liberalism. And it's a good thing, although the world is not dominated by it. Unfortunately.
89.
by Findeton 3y ago
Sorry I don’t like the current concept of unions that use coercion either through the state law or demonstrations. I’d rather they used private agreements instead of state law.
90.
by Findeton 3y ago
@toomuchtodo I would say that salaries don’t depend on shareholders at all but on the demand/offer balance of workers for a given job.

More ›