utyop22

10 ms·

121.
by utyop22 1y ago
I can tell you have zero clue about how to do proper valuation of common stock.
122.
by utyop22 1y ago
Exactly that's the trade-off. People keep comparing higher-level programming languages to lower-level abstractions - these comparisons are absolutely false. The whole point of higher-level programming languages is for people to get awa
123.
by utyop22 1y ago
Yeah but if you push the price up, given that many users will cancel their subscriptions you will end up with still a tiny market segment relative to what is necessary, in revenues, to justify the valuations purported.
124.
by utyop22 1y ago
Simplicity is the ultimate sophistication.
125.
by utyop22 1y ago
Lol I went through a few FAANG Pm interviews for the lols. Ah trust me - its actually insane how every firm manages to pull this off - the secret sauce that made the company what it was evaporates and the management optimise for process.
126.
by utyop22 1y ago
The thing is, this is already occurring and seems to be OK as long as there exists a class of individuals who provide the intellectual horsepower to keep society moving forward. But I feel very uncomfortable in the fact that people (who for
127.
by utyop22 1y ago
Careful now, you will scare them away!!!!! People love stuff that makes them feel like they are doing less work. Cognitive biases distort reality and rational thinking, we know this already through behavioural economics.
128.
by utyop22 1y ago
My way of looking at this is simple. What are people doing this quote on quote, time that they have gained back? Working on new projects? Ok can you show me the impact on the financials (show me the money)? And then I usually get dead silen
129.
by utyop22 1y ago
"Technology has always helped people. Are you one of the people that say optimizing compilers are bad? Do you not use the intellisense? Or IDEs? Do you not use higher level languages? Why not write in assembly all the time? No free lun
130.
by utyop22 1y ago
Ok and lets compare the cost of running those products and reinvestment vs the model businesses. FCFF = EBIT(1-t)-Reinvestment. The operating expenses of the model business are much higher - so lower EBIT. The larger the reinvestment the la
131.
by utyop22 1y ago
Is that so? Ok let the consumers decide - increase the price and let's see how many users are willing to pay the price.
132.
by utyop22 1y ago
What I hear nobody talking about is the price elasticity of demand and how this plays into the economics of the model business.
133.
by utyop22 1y ago
lol. TBH I don't take anyone seriously unless they are talking about cash flows (FCFF or FCFE specifically). Who cares about expense classification - show me the money!
134.
by utyop22 1y ago
"many people don't want to do this, no matter how easy it is --" Lol lets get real. Most people want to live life and switch off their brain. Absolutely nothing wrong with that - you can't fight what the body wants insti
135.
by utyop22 1y ago
This doesn't just apply to software development - it applies across the board in any form of knowledge. An example would be economics - an LLM can spit out a bunch of words about an economic model. But if you don't take the time t
136.
by utyop22 1y ago
"instead think of it as a politely-adversarial low-trust relationship." Lol... this sounds terrible.
137.
by utyop22 1y ago
Its because most people don't have the discipline and obsession of attention to detail to know when one should use an LLM and when one shouldn't. I highly doubt the best of the best folks are even touching LLMs (barely) because th
138.
by utyop22 1y ago
I want to re-phrase your definition. To me a bubble reflects a market disconnect from fundamentals - wherein prices go up steeply, with no help from the fundamentals (expected growth in base year cash flows and risk). Indeed there is a subt
139.
by utyop22 1y ago
"but quality is definitely taking a hit now that no-one is able to keep up." And its going to get worse! So please explain to me how in the net, you are going to be better off? You're not. I think most people haven't tak
140.
by utyop22 1y ago
"I'm also concerned with the impact of LLMs on the quality of information." You have finally made an astute observation... I have already made the assumption that use of LLMs is going to add new mounds of BS atop the mass of
141.
by utyop22 1y ago
"Since no one actually knows how all of it works, not even the builders, here we are." To me this is the most bizarre part. Have we ever had a technology deployed at this scale without a true understanding of its inner workings? M
142.
by utyop22 1y ago
I agree. What's worse is, the upper layer and middle layers of management are filled with bozo's looking out for their own interests and have no desire to find those with potential and hone them. Business school is a terrible prox
143.
by utyop22 1y ago
Thanks, will read them.
144.
by utyop22 1y ago
Im no expert - could you explain this in laymans terms? I'd love to be able to make proper sense of stuff outside of LLMs.
145.
by utyop22 1y ago
Please stop the BS and take a basic corporate finance class. FCFF = EBIT(1-t) - Reinvestment. If OAI stops the Reinvestment, they lose to competition. Got it? Simple.
146.
by utyop22 1y ago
Lol why would VC's want retail to participate until the very end? This is the very nature of the VC game. Come on wakey wakey!!!
147.
by utyop22 1y ago
Personally I believe we will see some evidence of tacit collusion as it becomes more obvious the capital investments will not generate any returns (let alone surplus value). The only way to control investor sentiment will be for all big tec
148.
by utyop22 1y ago
I think we need to first straighten out the terms. What really is a bubble? In my view, if we want to get strict with this, a bubble is really an enlargement in asset prices that is not backed by fundamentals. Now as it stands, Nvidia'
149.
by utyop22 1y ago
"seem to have no function other than to consume the oxygen in the room" I have a nice phrase for these people - oxygen thiefs.
150.
by utyop22 1y ago
With all due respect, do you folks actually think deep and hard about what you write before you do? I get the impression that you don't. This isn't meant to offend you, since this stuff is really hard to do. But I notice this a lo

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