6 ms·

How are the earnings different this time? Can you add any color to that?

• edoceo 2mo ago
  In the dot-com situation earnings "didn't matter" as long as there was growth. We[1] all believed profit would come eventually. The lesson learned from that experience was that earning do sort of matter. It turns out there is a limit to selling dollars for dimes. Since then revenue, profit and unit-economics ("fundamentals") have gotten almost as much attention as they deserve. [1] a broad and poorly defined group of "we" - typically investors and tech-bro types.
  • redbluered 2mo ago
    That's not quite the lesson. Earnings did come, and the outcome of the internet include Google, Amazon, and others -- several of the ten biggest companies in the world. In 2000, there was no sane way to predict who the success stories versus failures would be, timeliness, or otherwise. AI will be a big change. We don't know how big, when, or who the losers and winners will be yet. Everything could be grossly overvalued or undervalued. We'll only know in hindsight.
    • bigstrat2003 2mo ago
      There is no shot that current AI tech comes even close to being as influential as the Internet. What we have right now is useless for getting anything productive done because it's so unreliable.
    • oh_my_goodness 2mo ago
      Has anybody worked out quantitatively whether the total dot-com boom was a decent investment in hindsight?
  • oh_my_goodness 2mo ago
    Does anybody know how much AI is earning?