bagacrap

6 ms·

1.
by bagacrap 1mo ago
If you had not noticed, these AI companies already are advertising very heavily directly at the youth. OpenAi in particular is trying really hard to convince the college age crowd they are cool, though others (Google, Anthropic) have follow
2.
by bagacrap 1mo ago
They are all slimeballs but how does Zuck have a non-zero trust rating?
3.
by bagacrap 1mo ago
> But only Anthropic will be able to determine if text was seemingly generated by Claude, and Anthropic will only be able to detect the watermarks that are applied by Claude. Claude can’t detect the hidden watermark signals generated by,
4.
by bagacrap 1mo ago
This is their version of retirement. Did you think Jeff Dean was going to stop doing tech and play golf?
5.
by bagacrap 1mo ago
I suspect they want a bit more control over what they're working on. These days the bean counters are running Google.
6.
by bagacrap 1mo ago
I don't quite read it that way, it seems more like "take this with a grain of salt". But I suppose it depends on who's saying it.
7.
by bagacrap 1mo ago
I've seen it using a lot of Instagram lately too. I can't even check that source because I don't have the app installed. When I do try to check the links, they often don't support what's stated. If I call out Gemini
8.
by bagacrap 2mo ago
You can't predict when SPY is gonna correct or by how much. When capital leaves the AI trade it will just flow back into boring stocks. DJI is up MOM 4 months running.
9.
by bagacrap 2mo ago
I think on average they match a typical 60/40 portfolio on a risk adjusted basis. The goal is less to out perform long term and more to avoid big downturns (hence "hedge"). I do think there are some firms that have the skill
10.
by bagacrap 2mo ago
Lesson learned would be to hire professionals to do the investing, while he sticks to whatever he actually knows, if anything. (At this point, mainly sweet talking investors, it seems.)
11.
by bagacrap 2mo ago
I think it's mainly because if SA sold that much on the open market it would crash the stocks even further. Citadel is large enough to buy the entire book at a nice discount while still protecting the market from additional volatility
12.
by bagacrap 2mo ago
Yes, it's a VC fund now that it has basically no public stocks left.
13.
by bagacrap 2mo ago
Why are the only positions espoused by tech bros cash-in-mattress or QQQ levered up 400%?
14.
by bagacrap 2mo ago
To be honest, if that's even true, they've done us all a service. Leverage is the biggest driver of investing bubbles and bubbles hurt all investors (401ks) and even the economy in the sense that they create huge capital dislocati
15.
by bagacrap 2mo ago
Yes, he combined one good bet with the ability to charm dumb whales. (Actually this sounds like a lot of startup founders.) And I'm sure he thinks it's still a good bet, but he has no idea what risk management even is. In his lett
16.
by bagacrap 2mo ago
It's not just liquidity. Price discovery helps everyone. The earlier the correct price is discovered, the less we're all screwed when the bubble pops. I think they're rewarded too well for the function they serve but whaddya
17.
by bagacrap 2mo ago
I don't see how this is a response to my riposte. Of course he's going to try to reassure his investors so they don't take back what's left of their money. It's skillfully written to reassure people who were foolish
18.
by bagacrap 2mo ago
What exactly do you think he's gonna tell his clients? "Oops haha I'm a fraud"
19.
by bagacrap 2mo ago
I'm pretty sure that's time weighted return that's being quoted, and not dollar weighted. What that means is that after he was up 400%, he accepted a lot more external investment. Then he lost 67%. So many/most investors
20.
by bagacrap 2mo ago
I feel warm on the inside
21.
by bagacrap 2mo ago
I don't understand why this thing is called a hedge fund. Usually, a hedge fund makes many non-correlated bets across many markets (commodities, stocks, bonds, public and private markets). This guy made exactly one bet, which is that A
22.
by bagacrap 2mo ago
https://www.cnbc.com/2026/07/31/why-leopold-aschenbrenner-si... Nebius, SanDisk, sharonai, etc Rout is relative as they are still up big yoy. The problem is that he saw them triple in value and THEN added mor
23.
by bagacrap 2mo ago
I mean that's always the case... we all know that stocks in general are going to be up 30 years from now. But we don't all leverage up 400%.
24.
by bagacrap 2mo ago
Well micron is up 165% on the year so he could have just bought a single stock and done a lot better. The point being that you wouldn't consider someone a genius if they did that, just lucky. Not sure why anyone thought he was a brilli
25.
by bagacrap 5mo ago
pe ratio under 10 in 2013 to ~40 in 2024. You can't deny the multiple expansion.
26.
by bagacrap 6mo ago
The graphical aids in practical engineering videos are quite well done, especially when he creates scale models in the garage. You are missing out if you only read it, if you can afford to spend the time watching.
27.
by bagacrap 6mo ago
Does it bother anyone else when people use their teeth to scrape food off a metal utensil (rather than lips, or teeth to food)? I wish English had a specific word for that affront.
28.
by bagacrap 6mo ago
Kinda sad for me to know this because one of my favorite things about chopsticks is their precision. I can pick exactly the piece of food I feel like eating in the next moment. This makes it sound like I'm not supposed to be picky.
29.
by bagacrap 6mo ago
I don't know how that's a response to what I wrote. I'm not saying that an ETF is more tax efficient, although it is more tax efficient than a mutual fund. If you are worried about the tax drag of dividends then there are ETF
30.
by bagacrap 6mo ago
And if you went with that maximalist definition of an index, then the word would have no useful meaning. If the inclusion criteria is completely arbitrary and capricious (i.e. whatever cathie woods decides she likes that week), then it&#x27

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