assemblyman

7 ms·

31.
by assemblyman 11mo ago
I see a lot of criticism of LeCun and his views on LLMs as well as his inability to "deliver" products. I don't think that's what he cares about at all. His prominence led to him being picked by Meta. It was a chance to
32.
by assemblyman 11mo ago
Ah no, I meant these ones by Graham: https://www.amazon.com/Intelligent-Investor-3rd-Ed/dp/006335... https://www.amazon.com/Security-Analysis-Seventh-Principles-... I'll paste a couple more r
33.
by assemblyman 11mo ago
I think a lot of this depends on where you started. I don't disagree that the details of the methods don't apply especially to technology stocks. On the other hand, one learns a principled way of looking at companies. It's ea
34.
by assemblyman 11mo ago
zipy214 below has given much more eloquent explanations about the non-applicability of the EMH than I can. For me, the vast majority of my personal savings are in index funds. The reading list above, even if the methods are outdated (the br
35.
by assemblyman 11mo ago
I don't think feeding pigeons is objectively a bad thing. While I live in a highly urban area and don't doubt they get food, a couple of additional sessions of seeds per week is not going to make them dependent or obese. I general
36.
by assemblyman 11mo ago
If one has time, a few books I would highly recommend: The Intelligent Investor by Ben Graham Security Analysis by Graham and Dodd Common Stocks and Uncommon Profits and Other Writings by Philip Fisher The Little Book That Still Beats the M
37.
by assemblyman 11mo ago
As an aside, pigeons are deeply misunderstood. Here's a very nice article about it: https://www.bbc.com/future/article/20240620-why-do-people-pe... From the article: "One study found that, between 1941 a
38.
by assemblyman 11mo ago
It's a back-of-the-envelope calculation not a precise one. It doesn't take foresight to invest in SP500. DCAing (dollar-cost averaging) into an index fund is actually the recommended savings strategy with a short-term cash balance
39.
by assemblyman 11mo ago
On the other hand, while I know nothing about Soumith, he clearly has enough financial runway (see my calc below) to not have to work again. As far as I know, we all get one life. If one can help it (modulo other constraints), one should no
40.
by assemblyman 11mo ago
If someone made $2 million/year over 10 years, after taxes, it would be $1 million (NYC has local taxes too). Let's say all of it was saved and invested in SP500 or Meta. SP500: tripled over 10 years i.e. ~12% a year. Reinvesting
41.
by assemblyman 11mo ago
A lot of people have already mentioned cases where this is neither true nor desirable e.g. high-energy and condensed matter physics, astrophysics, any branch of pure mathematics etc. But, more importantly, who dictates what needs to happe
42.
by assemblyman 1y ago
There are quite a few flaws with this way of thinking: 1. Flaws with actually measuring IQs in a population: While nutrition and education affect IQ distributions, there's also a question of language. Are there IQ tests in Kannada (sin