I pick stocks.
Joined January 2012
- Tweets 12,472
- Following 1,550
- Followers 32,470
- Likes 10,466
684 Photos and videos
I’m still not sure how exactly you should deal with “ai dabblers” from a portfolio construction perspective.
Consider a widget co. They’re now going beyond their historical end markets and doing something in the AI / DC world. Maybe that potential was even part of the pitch.
2
5
1,543
Again, probably doesn’t look too bad if you’re running correlations. But, if there’s a more fundamental deterioration in AI, your widget sector is now probably a detractor (versus your selection effect being otherwise uncorrelated)
1
1
821
I’m not totally sure how you should think about this in portfolio construction. Any thoughts?
(Assume you aren’t going to be able to trade in / out quickly)
820
Last weekend I somehow found myself in a grocery store that only took Discover.
Discover exclusivity… dare to dream, COF longs.
en.wikipedia.org/wiki/Woodma…
3
11
5,179
(Also Woodman’s is super weird but cool. I don’t know their average SKU count but it must dwarf a typical Kroger.)
1
3,859
Well Jony Ive does have a consistent design language -
11
9
195
16,301
Shortsighted Capital retweeted
In the most complimentary way, this trader would have been a legend at Glencore back in the old days
Apr 22
holy fuck, a hair dryer at a Paris airport broke Polymarket weather markets & made someone $34,000 richer
- polymarket was settling Paris temperature bets on a single Météo France sensor sitting near the Charles de Gaulle runway perimeter - basically unguarded
- the guy bought the long-shot outcome (like "22°C" when everyone expected 18°C) for pennies, since nobody thought it'd hit
- then he walked up to the probe and briefly heated the air around it with a portable heat source, spiking the reading just long enough to register as the daily max
- temperature snapped back to normal in minutes, the market resolved in his favor, and he cashed out - twice, on April 6 and April 15, before Météo France caught on and filed charges
hyperstitions.
7
9
405
70,123
I had to replace my laptop's SSD last weekend. Is this what it feels like to be a hyperscaler right now?
2
1
11
3,239
Anyone else remember that old startup Blinkist? You’d hear their ads on podcasts all the time in the mid 2010s.
The product was basically “audio CliffsNotes for non fiction books”.
en.wikipedia.org/wiki/Blinki…
3
5
3,102
Now that we are increasingly using AI for summarization - calls, notes, filings, podcasts, papers - I wonder how much retention suffers. That retention is how you spot parallels and build intuition.
3
6
2,107
I’m sort of interested in how this evolves. What if you lean heavily on summarization for years?
What if you are early in your career, and this is your workflow from day 1?
2
1
1,659
Didn't expect an essay on the Swiss watch industry from @paulg - nicely captures the awkwardness of moving from consumer goods to luxury / Veblen goods paulgraham.com/brandage.html
5
6
55
10,515
Not the first person to say this, but I suspect the quartz crisis ends up being a useful parallel for the future of ICE cars. In 50 years, luxury automakers will probably be making ICE vehicles for rich guys that are objectively inferior to then-ubiquitous autonomous EVs.
1
1
1,822
His ultimate takeaway is interesting. Probably warrants the caveat "be early and be right" (can say that about so many things).
Everything cycles, and entering near a cycle top is painful
1
2
1,749