Comment on The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops

SaveTheTuaHawk@lemmy.ca ⁨4⁩ ⁨weeks⁩ ago

• sugar_in_your_tea@sh.itjust.works ⁨4⁩ ⁨weeks⁩ ago

  Looks like very mixed returns. Which is what you’d expect from a strategy of betting on areas that are significantly overvalued.

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  • Natanael@infosec.pub ⁨4⁩ ⁨weeks⁩ ago

    The market can remain irrational for longer than you can remain solvent

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    • andros_rex@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

      See Bill Ackerman and Herbalife.

      Federal regulators should have shut that shit down ages ago, but the grifter party loves MLMs (look at how the DeVos family made their money…)

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      • burntbacon@discuss.tchncs.de ⁨4⁩ ⁨weeks⁩ ago

        Oh god, I just saw another storefront in my local area that popped up. My coworker dragged me in there, and aside from the incredibly overpriced products, the countertops were loaded with pamphlets on doing the herbal life thing.

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      • SaveTheTuaHawk@lemmy.ca ⁨4⁩ ⁨weeks⁩ ago

        Ackerman and Valeant. He promised congress he was going to stop price gouging on drugs.

        Nah.

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    • Knock_Knock_Lemmy_In@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

      Can investors remain irrational long enough for OpenAI to remain solvent?

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      • yakko@feddit.uk ⁨4⁩ ⁨weeks⁩ ago

        They have been irrational longer than you’ve been an investor. They have become exceedingly efficient at it.

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• ragas@lemmy.ml ⁨4⁩ ⁨weeks⁩ ago

  I mean, he is not wrong per se, he just had the wong time.

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  • tempest@lemmy.ca ⁨4⁩ ⁨weeks⁩ ago

    With shorts timing is all that matters.

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  • Alpha71@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

    …what if he had the Jiang time?

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