Comment on The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops
sugar_in_your_tea@sh.itjust.works 4 weeks agoLooks like very mixed returns. Which is what you’d expect from a strategy of betting on areas that are significantly overvalued.
Natanael@infosec.pub 4 weeks ago
The market can remain irrational for longer than you can remain solvent
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…)
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.
SaveTheTuaHawk@lemmy.ca 4 weeks ago
Ackerman and Valeant. He promised congress he was going to stop price gouging on drugs.
Nah.
Knock_Knock_Lemmy_In@lemmy.world 4 weeks ago
Can investors remain irrational long enough for OpenAI to remain solvent?
yakko@feddit.uk 4 weeks ago
They have been irrational longer than you’ve been an investor. They have become exceedingly efficient at it.