ChadGPT_ retweeted
Baskinism #1
We must want it this way otherwise we would change it.
I said it, I own it.
ChadGPT_ retweeted
Our family has been doing the hardcore American suburban adventure thing for the last week. Some observations:
(1) Any family that chooses an SUV over a minivan is making an entirely ego-driven purchase. These mobile living rooms are the ideal suburban land yacht – at Maryland, USA
ChadGPT_ retweeted
It’s pretty incredible that this current AI investment boom was catalyzed, not by a breakthrough technology, but by OpenAI putting what was then 1.5 year old technology in a more consumer friendly wrapper.
ChadGPT_ retweeted
Remote work is different. It takes new thinking and adapting. You have to work at it. And it has worked for many industries that have put in the effort, including many in Tech.
But the financial services industry is pushing back the hardest against remote work. Leading this charge is its most entrenched boomer managers, like Fink and Dimon.
Interestingly, financial services are behind many other industries in using technology. See their struggles with mobile apps, how the US lags way behind in payments, how they are still unable to real-time settle securities transactions, fear of crypto, and even how large banks are now banning ChatGPT.
Financial services lag in productivity versus other industries. And financial services, and in particular banks, have been the worst-performing sectors in the S&P 500 over the last 15 years.
Is that their constant complaining about remote work more about their sedentary thinking and resistance to change than pointing out a real problem?
@drorpoleg @I_Am_NickBloom
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From Bloomberg
In a letter last month, Fink said inflation would remain close to 3.5% or 4% over the next few years — well above the Federal Reserve’s 2% target.
The CEO said Wednesday that lost productivity is “one of the big reasons why inflation” has been higher in the past couple of years. “A big reason productivity has fallen: remote working does not work,” Fink added.
“You cannot create any horizontal connectivity,” Fink said. “Firms had to hire more people to do the same amount of work. Productivity fell.”
bloomberg.com/news/articles/…
ChadGPT_ retweeted
Here’s some irony for you. Taleb wrote a perfectly good, if reasonably obvious, book “The Black Swan.” It’s obvious in the sense that nobody serious in finance thinks the world is “normally distributed” though that seems to be his repeated straw-man for years. But still, good stuff, reinforcing that for popular consumption (even if written as pretentiously as possible — seriously see if ChatGPT can do better).
Then he publishes the book an hour and a half before the GFC and many ignorantly assumed he forecast it with the press jumping on in a big ignorant way. Nope, not what happened. He forecast, again something few would dispute, that crazy big stuff happens in finance and will one day happen again. Not that it would happen next Tuesday!
But the world gives him credit for calling the crisis.
And, for my mic drop here, the world has once again been “Fooled By Randomness.”
But too be fair, my colleague and friend Antti Ilmanen may be getting the same luck with his book: amazon.com/Investing-Amid-Lo…. For yet more irony my fight with Taleb started when he called Antti, on Twitter, a “bullshitter” when Antti is the most honest unassuming guy in finance (I handle the assuming stuff for us). A tangled web indeed. Btw, he called Antti this for Antti’s belief and public argument that passively rolling puts is costly over the long-term. Antti readily concedes the possibility (not the certainty) that Nassim and his people may have alpha in how they go long vol that he doesn’t propose to take on. But still “a bullshitter.” Wow.
ChadGPT_ retweeted
There's no clout in predicting the end of humanity. If you're right nobody is around to care. May as well take the other side of the bet.
ChadGPT_ retweeted
What is ignored by the media -- but will be studied by historians?
Here's 7 more examples:
ChadGPT_ retweeted
On July 16, 2019, The Federal Reserve & FDIC received a letter warning them about issues with U.S. regional banks and their potential failure.
The letter was sent by a group of senior central bankers and regulators, including Paul Volcker, Sheila Bair, and...
ChadGPT_ retweeted
Apply for a job there…odds are pretty good you can make million a year by your math.
Interested?
ChadGPT_ retweeted
Knowing basic Excel very well.
Best college class I ever took was intro to Excel.
Don't always need all the bells and whistles of the fancy software products.
Time is money, and Excel will save you a ton of time once you are no longer intimidated by it.
ChadGPT_ retweeted
Barbell approach is fine, but i want to overweight investment in #uranium, #nuclear, #NuclearPower now.
(2+4+75)/3 = 27 (can't build hydro everywhere)
@UrTokenCorgi tell me these numbers are wrong.
ChadGPT_ retweeted
Want to hoard a resource from the broader market? Below shows what it would take given current listings.
We can see the framework of a resource driven economy in @OthersideMeta. A forward thinker playing the long game would try to corner the market in rare resources. Based on current listings, nearly 20% of four resources are available. #metaverse
ChadGPT_ retweeted
We can see the framework of a resource driven economy in @OthersideMeta. A forward thinker playing the long game would try to corner the market in rare resources. Based on current listings, nearly 20% of four resources are available. #metaverse
ChadGPT_ retweeted
Floor and price report by wave in @TheSandboxGame. Land is becoming more attractive as prices have moved lower. #NFT #metaverse
ChadGPT_ retweeted
Listings at a loss in @TheSandboxGame haven’t increased but the concession has increased as flippers look for a liquidity. Perfect time to add exposure. #metaverse
ChadGPT_ retweeted
More Resource analysis in @OthersideMeta. Some Resources are common while others are rare and only available in certain Categories.
