dkrich

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61.
by dkrich 3y ago
We are at a very unique time. The stock market has basically been in a bull market for 15 years with some very short-lived sell-offs along the way. During that time we've had some incredible innovations such as the iPhone, FANG stock d
62.
by dkrich 3y ago
This seems asymmetrically good for Google, less so for Apple. If Gemini proves to be an indispensable feature embedded in future iPhones it assists Google in branding and fine tuning. Meanwhile Google can do the same Android and lock down c
63.
by dkrich 3y ago
Nvidia stock is extraordinarily stretched, even by it's own historical standards and it has been really stretched twice before (2017, 2021). It's a consensus Wall Street favorite. Retail traders who barely know what they do are
64.
by dkrich 3y ago
OP clearly was using four years to describe Biden’s term to support the idea that he will go down as the greatest President in history. But even if you want to just look at the full covid period it doesn’t belong in the same sentence as the
65.
by dkrich 3y ago
Wow I was under the impression it began in 2020 while Trump was still president. I could’ve sworn much was made about his policies about it and I thought I remembered that he actually contracted it while in office. Must’ve been dreaming. Th
66.
by dkrich 3y ago
Early 80’s also had a relapse of inflation. But to say the last four years which have been some of the calmest in history in the US has been the most challenging is hilarious. Not the civil war, Great Depression, Cuban missile crisis, world
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by dkrich 3y ago
> few terms have been more challenging than the last 4 years. I can’t tell if this is sarcasm or not
68.
by dkrich 3y ago
> Then if it actually goes up to an appeals court for more expensive lawyer-work the issue would indeed still be undecided and the pause should continue. Not sure I understand this logic. There are basically two outcomes- either customs
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by dkrich 3y ago
Also the assumption a publication that’s been around for 150 years is disposable, not the web application that was created a year ago. I’ve been saying for a while that people’s credulity and impulse to believe absolutely any storyline rela
70.
by dkrich 3y ago
A reservation is $100 (refundable) or 1/10th of 1% of the purchase price. That's not a reservation, it's a thinly veiled attempt to pump the perceived success of this launch and share price. They know it, you know it, I know
71.
by dkrich 3y ago
Lots of reasons to make fun of that event but that is a pretty stupid one
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by dkrich 3y ago
Funny because I think it’s weird that Tesla perma bull analysts automatically assume this car will be popular and sell millions without a single person actually receiving one or knowing the prices.
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by dkrich 3y ago
I saw someone post on Twitter the other day a conversation where they asked ChatGPT for recipe ideas for turkey and stuffing with things he could buy at a Trader Joe's in New York. To summarize the conversation, it basically came back
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by dkrich 3y ago
They are lowering prices because demand is falling off. And it's not just one price reduction. They have done multiple at this point. It's one of the worst positions for a company to be in.
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by dkrich 3y ago
Because higher interest rates make everything more difficult. It incentivizes people to save instead of buy expensive cars. It makes it more expensive to finance expensive cars. It makes it more expensive to raise financing to pay for facto
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by dkrich 3y ago
I think their strategy is to charge the highest prices they can, early adopters pay up, demand gets exhausted and they have to keep the illusion alive that supply is the growth constraint, not demand. Demand falling is a death knell for the
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by dkrich 3y ago
I can’t tell if this is sincere or a joke.
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by dkrich 3y ago
Things are only going to get more difficult for them as money gets tighter. Auto manufacturing is a notoriously capital intensive business and running factories with lots of employees is very expensive. You have to make enough money to keep
79.
by dkrich 3y ago
That he makes up products they have no intention of delivering on has been obvious for a few years now. What’s so perplexing is why the market continues to reward it. The company has a $800 billion market cap and an 80 pe. I suspect it’s on
80.
by dkrich 3y ago
This works in a zirp environment after the Steve Jobs era where a single company released one success after the other. People believe anything and have personal interest in pumping claims they know to be at best exaggerated, at worst outrig
81.
by dkrich 3y ago
I’d question the car analogy. For instance if tomorrow someone introduced a new method of transportation that would be quasi affordable and available to a middle class family and transport you distances in 1/100th the time required by
82.
by dkrich 3y ago
The arc of this story seems very strange to me. It seems to me that you used to have to work for years to create a product and prove it’s worth in the market place and only then could you convince some wealthy person to back you to make it
83.
by dkrich 3y ago
I think he’s using that to show that there is a precedent with this company to make misleading announcements that at first sound exciting but under the surface turn out to be overstated. It does seem a bit odd to make a grandiose, vague ann
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by dkrich 3y ago
I think that’s easily explained by how levered Microsoft is to OpenAI/Altman. Microsoft would likely suffer hundreds of billions of market cap destruction as well as major reputation damage if this partnership collapsed and on a person
85.
by dkrich 3y ago
That is very confusing to be sure but the explanations I’ve heard to this point that people are speculating on make absolutely zero sense. The board would fire him to protect a board member’s competing product? Why? Multiple people given th
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by dkrich 3y ago
I get that but to assume a board of very smart, competent people would just up and fire a highly respected CEO for no reason when it seemed like they were destined to be enormously successful and right after a well received keynote seems st
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by dkrich 3y ago
I think that’s a mistaken assumption. Altman has been immediately held in high regard as the injured party and everyone has dogpiled on the board for being stupid. Lower level employees likely are not privy to the details at this point and
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by dkrich 3y ago
Seeing a few of these types of accounts. Something tells me more is going to come out about the why. I still think it’s a mistake to assume rational people would act completely irrationally
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by dkrich 3y ago
When you’re in a hole stop digging
90.
by dkrich 3y ago
That’s how it appears currently but experience has taught me to be very careful about making snap judgments in these types of fast moving situations. Nobody seems to know yet why he was actually fired. The popular theory is that it was a di

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