rybosworld

5 ms·

31.
by rybosworld 4mo ago
One thing I'd like to pick at: > And so you're able to pay people extremely generously to help maintain the thing. This is optional, and requires the owner to be generous. It is more common for people to not be paid generously.
32.
by rybosworld 4mo ago
> Surely for these companies, if the founders get to several million or tens of million in revenue without hiring any more people, those people have successfully become millionaires and we can credit them as such, right? Or do you simply
33.
by rybosworld 4mo ago
I read this and see two possibilities. 1) PG honestly believes that his audience is unfamiliar with compound growth - i.e., an insult to the audience's intelligence. Or 2) PG honestly believes that the founder of a successful startup
34.
by rybosworld 4mo ago
For most companies that I've worked for, pushback is normal and expected as long as you've built some trust/rapport with your management chain. However with AI, it feels different. I have seen both technical and non-technical
35.
by rybosworld 4mo ago
I don't disagree at all actually. I am just not completely sure that we won't gain something new on the other side of this, in the same way the calculator outsourced the need for doing arithmetic in our heads. My argument is more
36.
by rybosworld 4mo ago
Right - but you could imagine a similar sentiment anytime a skill was replaced by a new technology. I think the jury is still out on whether LLMs actually lead to complete atrophy of skills that don't eventually get replaced with brand
37.
by rybosworld 4mo ago
If you watch old videos of tradesmen using basic hand tools like hammers, you'll find examples of skill/dexterity with the tool that I think don't exist today at all except maybe in communities like the Amish. I think it&#x27
38.
by rybosworld 4mo ago
People always answer this question with money. But if we think of it as a version of the prisoner dilemma (Meta is one prisoner, the employee is the other), the right move is probably to work somewhere else for a lower salary. By working fo
39.
by rybosworld 4mo ago
Not completely sure what you mean by "short term compared to the IPO time" IPO's fairly reliably pop on day one. The performance in the first 6 months is mixed but skews slightly negative. But the size of these 3, combined wi
40.
by rybosworld 4mo ago
Yes selling will happen, and in the case of the S&P 500, it will be weighted selling across the whole index. Spacex/Anthropic/OpenAI almost certainly won't crash the market. The most probable thing to happen is that all 3
41.
by rybosworld 4mo ago
Definitely not. What Spacex/Elon are doing is sketchy as hell. But the numbers involved here are not terribly meaningful for your portfolio. At IPO, $75B of Spacex shares will be bought/sold. The S&P 500 uses float-adjusted we
42.
by rybosworld 4mo ago
Interesting timing with the Spacex/Anthropic/OpenAI ipos coming up
43.
by rybosworld 5mo ago
> We've done this dozens of times before. No, we really haven't. Every previous wave of automation has targeted human labor. The thing that makes human's unique in the animal kingdom is our intelligence. From an economic s
44.
by rybosworld 5mo ago
Executives of these tech companies keep saying the automation of intelligence will drive job creation because previous waves of automation did the same. To anyone with a brain, that is obviously not true. If AI continues to improve at the p
45.
by rybosworld 5mo ago
It's true that the creative vs. logical side of the brain is mostly a myth. But the hemispheres absolutely DO specialize in very predictable ways. Core language faculties are almost always handled by the left hemisphere, for instance.
46.
by rybosworld 5mo ago
Not disagreeing that handedness is probably unrelated to heart position. But why would situs inversus somehow be tied to this at all? If there's a gene that favors right-handedness, it's not like it would somehow "choose&quot
47.
by rybosworld 5mo ago
Over paying for job creation is a net negative... AKA job creation at any cost. Zero is a good alternative in that case.
48.
by rybosworld 5mo ago
It depends on the deal structure but this is usually false: > data centers of this magnitude offer a ton of economic benefits to the area and the state Electricity cost increases are subsidized by residents: https://hls.harvar
49.
by rybosworld 5mo ago
Lots of American cities and towns are being taken advantage of by the companies building data centers. Question: why are these huge data centers being built in remote regions and small towns? Answer: because the companies building the data
50.
by rybosworld 5mo ago
Per $ spent, data centers are one of the worst "job creators". This was well known before the AI boom - see this study from back in 2016: https://goodjobsfirst.org/study-state-and-local-governments-... The numbe
51.
by rybosworld 5mo ago
The pendulum swings. Right now, layoffs are cool. It boosts earnings. And the current sentiment is that new ideas and projects are risky unless they involve shoving the square-shaped-AI into the circle-shaped-hole. The thing that bothers m
52.
by rybosworld 5mo ago
Are you confusing beating the market with being profitable? The majority of active traders won't beat the market (e.g. the S&P 500). That doesn't mean they aren't profitable.
53.
by rybosworld 5mo ago
Yeah it stands for Progressive Web App - but there are lots of hosting solutions with generous free tiers.
54.
by rybosworld 5mo ago
While not equivalent to a true iOS app, PWA is a decent option that allows you to circumvent the app store restrictions. If you are trying to build apps primarily for yourself, it's a decent option.
55.
by rybosworld 6mo ago
Seriously. > We just had a realization during a demo call the other day These tools have been around for years now. As they've improved, dependency on them has grown. How is any organization only just realizing this? That's lik
56.
by rybosworld 6mo ago
> I wonder whether people like you have actually used Claude for any length of time. I stated the LLMs are actively being used in repo's today, to chew through backlog items, and your response is to wonder if I've ever used Cla
57.
by rybosworld 6mo ago
> You say financial success as though it is completely independent of pretty much everything. I never made a suggestion that financial success is completely independent of anything. > They could be wrong on some things but to pretend
58.
by rybosworld 6mo ago
> In a loopy recursive way, it is. The primary issue with this is that there is a significant amount of luck involved in acquiring large sums of wealth. It's hard to get firm numbers around this, but it's estimated around 30-40
59.
by rybosworld 6mo ago
I used to think this but I think that's only true for the low-profile wealthy folks. And they voice their opinion indirectly, like through owning media companies. The people that feel the need to be loud and in the public eye aren&#x27
60.
by rybosworld 6mo ago
Tim Dillon said summarized it pretty well - can't remember or find the exact quote. Something to the effect of: "Look around at all these things I have - how could I be wrong when I have so much?" And that's how you get

More ›