Investing General Discussion

Gravel

Gravel

Mr. Poopybutthole
46,048
166,034
B_Mizzle said:
I always get burned on silver. What i thought was gonna happen at 50-60, happened at 100 and right after I bought in. Luckily just a little this time.

In other news looks like we're đź‘Ť for 7k.

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Yeah, not so much.

Seems like we've been stuck in this +/- half a percent from 1% up. Not sure what breaks us out of it.
 
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Kirun

Kirun

Buzzfeed Editor
21,219
18,268
Gravel said:
Yeah, not so much.

Seems like we've been stuck in this +/- half a percent from 1% up. Not sure what breaks us out of it.
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The only part of the economy that is "stable" is the whole AI bubble. It's pretty much the only sector holding things together/doing well.

The boom/bust of that will determine which way we break out of it.
 
Nirgon

Loser Nirgon

Potato del Grande
18,898
30,345
Kirun said:
The only part of the economy that is "stable" is the whole AI bubble. It's pretty much the only sector holding things together/doing well.

The boom/bust of that will determine which way we break out of it.
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They're either going to achieve the singularity in 10-15 years (lmfao) or it's going to blow up like an atomic bomb an inch from their face. Doozy of a recession is quite likely. We are probably looking at irreparable damage and things you can never get back.

Id guestimate they stand to lose 30-40 trillion on their bet which is somewhere in the ballpark of the US GDP at a guess. Now factor in all the time lost training engineers and actual talent. There's such a thing as luke warmies with lots of money and Lord were they salivating at no longer having to rely on their less wealthy intellectual superiors.

I've met some of these types on the cruise ships and resort hot tubs. Boy howdy are they full of themselves, and now coping that AI development has "shifted". It will probably be the last vain, greedy and foolish act of the boomers. The upside is at least they'll be gone and real MAGA + generation Zyclon will have a chance at building something meaningful. Maybe. AI is far from useless but I don't see anything close to the return on investment they're hoping for.

PS: I told one of them a little less than a year ago my advice is to short the fuck out of Bitcoin asap and he told me for a younger guy I sure live in the past. Like he's some economist that came back in time from the future.
 
Kalaar kururuc

Kalaar kururuc

Grumpy old man
603
597
Quick followup, I went with unmanaged as after reading your comments, and some other reputable sources, I just didn't see the point of managed. The initial lump went into developed world excluding uk, and I'll just keep topping that up. That fund has historically been not quite as good as USA only, but its more diverse so perhaps less 'risky'. It has been much better than global-all due to developing world volatility, and slightly better than developed including uk. Plus the UK already has my cash savings, so I'm spreading the love.

I'm now shopping for yachts, and debating changing my name to Bobby.
 
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T

Tirant

Lord Nagafen Raider
265
143
Nirgon said:
They're either going to achieve the singularity in 10-15 years (lmfao) or it's going to blow up like an atomic bomb an inch from their face. Doozy of a recession is quite likely. We are probably looking at irreparable damage and things you can never get back.

Id guestimate they stand to lose 30-40 trillion on their bet which is somewhere in the ballpark of the US GDP at a guess. Now factor in all the time lost training engineers and actual talent. There's such a thing as luke warmies with lots of money and Lord were they salivating at no longer having to rely on their less wealthy intellectual superiors.

I've met some of these types on the cruise ships and resort hot tubs. Boy howdy are they full of themselves, and now coping that AI development has "shifted". It will probably be the last vain, greedy and foolish act of the boomers. The upside is at least they'll be gone and real MAGA + generation Zyclon will have a chance at building something meaningful. Maybe. AI is far from useless but I don't see anything close to the return on investment they're hoping for.

PS: I told one of them a little less than a year ago my advice is to short the fuck out of Bitcoin asap and he told me for a younger guy I sure live in the past. Like he's some economist that came back in time from the future.
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Haha I get told the same all the time. Talking about stocks/financial stuff everyone my age looks at me like I'm crazy when I say I like gold.
 
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TJT

TJT

Mr. Poopybutthole
<Gold Donor>
46,489
127,001
Nirgon said:
Id guestimate they stand to lose 30-40 trillion on their bet which is somewhere in the ballpark of the US GDP at a guess. Now factor in all the time lost training engineers and actual talent. There's such a thing as luke warmies with lots of money and Lord were they salivating at no longer having to rely on their less wealthy intellectual superiors.
Click to expand...

This is the part that is hard for people to grasp. The only reason you have graybeard engineering sorcerers is because they spent decades learning it step by step. Just like any other thing. AI doesn't shortcut that because of general friction. Documentation is bad even when its better than other documentation, requirements are written by people who leave things out and describe things poorly, exact system nuances that simply do shit with little rhyme or reason and it isn't documented anywhere (See: The Art of the C Compiler). Proprietary technologies AI is supposed to master don't even bother with commented code because that shit is for pussies.

AI will always be useful but the storm brewing right now is going to be felt a decade from now. Enshittification of AI made software containing logical bombs and fundamental issues that the Senior Engineers of the 2030s have no idea what to do about and the problems are now the cornerstone of billion dollar revenue companies. Along with the massive shortage of talent that was deliberately prevented from learning.

That is what I see at the end of this road. Also some better chatbots than the flow-oriented chatbots of the 2010s.
 
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TJT

TJT

Mr. Poopybutthole
<Gold Donor>
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This one of the more unfortunate casualties of AI retardation. If there was any one tool I knew of that would immensely benefit from AI integration. Its Figma. The tool itself is quite good as far as UX tools go. All you had to do was add in AI where you can have it alter stuff, add images, and have Claude Code or similar just code it in your framework of choice and prop it up on localhost as you go. Boom you now have Microsoft Frontpage circa 2001 for the 2020s and beyond. Which was actually a decent enough platform back then too. Frontend is by definition a narrow scope of development and exists within the vacuum of the singular app itself in most cases. Which makes it perfect for AI integration.

This even has the advantage of not falling into the same trap as Frontpage (couldn't keep up with the endless changes to frontend gayness).

But no. Can't have that!

 
Nirgon

Loser Nirgon

Potato del Grande
18,898
30,345
TJT said:
This is the part that is hard for people to grasp. The only reason you have graybeard engineering sorcerers is because they spent decades learning it step by step. Just like any other thing. AI doesn't shortcut that because of general friction. Documentation is bad even when its better than other documentation, requirements are written by people who leave things out and describe things poorly, exact system nuances that simply do shit with little rhyme or reason and it isn't documented anywhere (See: The Art of the C Compiler). Proprietary technologies AI is supposed to master don't even bother with commented code because that shit is for pussies.

AI will always be useful but the storm brewing right now is going to be felt a decade from now. Enshittification of AI made software containing logical bombs and fundamental issues that the Senior Engineers of the 2030s have no idea what to do about and the problems are now the cornerstone of billion dollar revenue companies. Along with the massive shortage of talent that was deliberately prevented from learning.

That is what I see at the end of this road. Also some better chatbots than the flow-oriented chatbots of the 2010s.
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Oh yeah great to bring up. Its not just the tech learning but the business logic. We point things out or figure them out and correct them all the time without picking a fight over it (bringing it up lol). Look at me, I'm the senior business analyst now lol.

Glad we got you here mang.
 
Fogel

Fogel

Mr. Poopybutthole
15,582
66,173
AMD down 13% after an earnings beat. Eying 160 puts for 3/06 but didn't pull trigger yet. PLTR also down the past couple days after earnings. Sold a couple 105 puts for 3/06
 
Haus

Haus

I am Big Balls!
<Gold Donor>
18,596
76,838
Fogel said:
AMD down 13% after an earnings beat. Eying 160 puts for 3/06 but didn't pull trigger yet. PLTR also down the past couple days after earnings. Sold a couple 105 puts for 3/06
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There's a lot of discussion I'm seeing around if we're seeing the teetering edge of the AI bubble about to pop. If it does I think it leads to a marketwide correction, I'm just not sure how to position to mitigate/avoid as much of that damage as possible.

Maybe I'll just buy donuts and hope for the best....



Oh.. nevermind then....
 
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