Please let this be the beginning of the bubble burst
Why so we the tax payers can bail out the fuckers again 😭 this isn’t a bubble it’s just financial engineering that’s increased the rate of wealth transfer and power accumulation.
Edit: that is to say… it looks like a bubble, but it’s actually just the financial system working as intended. It just seems odd because of the immense wealth concentration and how all that wealth is piling in.
Lemme rephrase then: please let this be the end of the AI craze.
I don’t want AI in every goddamn product. I hate how hardware prices have skyrocketed. And I hate how these assholes flood request every vulnerable webpage they can find.
Financially speaking they can become either rich or broke for all I care. I just want the old internet back.
crashes are the only time plebs (who know how the casino works) actually have a shot at true financial freedom
i have made more the last 3 months than i’v made the last 3 years working, and i haven’t even done anything risky like short stuff
wages are capped, hence why capitalists call it the labor trap. nobody has ever gotten rich working overtime, all that gets you is an early grave
nobody has ever gotten rich working overtime
Realest phrase I’ve read this year
Bro how do you figure? You know who does well after crashes? JP MORGAN. Not you lmao. Delusional. The SP500 has doubled since 2022 it’s tripled since 2019.
Now the rich people saw their wealth grow by a huge factor during this time. How did you do? Did you double your accounts? Was that worth more than a million dollars? If not wtf are you talking about?
Most plebs can’t afford to make smart bets, even sure wins, because they have no money to invest with. Maybe a couple hundred here or there but there is no real way for normal people to strike it big from an economic crash.
The establishment absolutely can and does profit from the crashes, though, and they pass any losses along to us.
We need a revolution.
nah, you don’t get it. when you actually know how it works, you start doing challenges like “how much $ can i turn this 50$ account into in X time period”. anyone with decent trading experience should be able to turn 50$ into 5000$ easy.
it’s a bull market, impossible not to print $ unless you have a major gap in knowledge on how it all works
obviously we need a revolution, but until such time as that happens…all these rich cunts ratfucking public $ throw it into the stock market cause they have nowhere else to spend it, so…you want their $…learn how the markets work and grab a chunk for yourself.
Reminiscences of a Stock Operator is solid primer, century old book that’s essentially a tongue-in-cheek wolf of wallstreet/guidebook to just how rigged everything is. the game being rigged it what makes it so easy to make $…it’s not a game of chance. means you just need to learn how it’s rigged, to position yourself to scalp $.
Every single time I see someone talk like this it is entirely without examples or explanation. Just “if you really understand the market like I, a genius, do…”
because you can’t tell someone the truth, only show them the way.
you need to have 100% confidence in what your doing, and the only way you have that when gambling with actual $ (especially $ you might need, for those not born with silver spoon) is when you figure it out yourself.
“investing” on someone elses tips without understanding the underlying mechanics is how how you end up losing everything/bagholding for some wolf masquerading as a shepherd
I’m sorry, but I don’t think everyone can turn a 1000% return “easy” without insider knowledge. Wall street brokers who are paid high six figures regularly underperform index trackers.
It’s always possible to get lucky or to make profits from predicting the markets and seeing where stocks are overvalued and undervalued, but if you are both cash poor and time poor as 90% of the working class are, it’s really not an opportunity available to you
very basic math and a rudimentary understanding of the markets should prove undeniably to anyone that beating 10-20% in a year is easy as hell. just 1 10% gain a month (truly easy to do) would be roughly 250%…
1000% in couple months is just your training wheels coming off. cash/time poor i understand, that’s where i started too…started trading during breaks/down time. those “active funds underperform the market” soundbites your familiar with only applies to large cap fund managers and shit mate, those funds aren’t designed to beat the market…they’re designed to minimize risk and fluctuations in value for shitloads of $, while still increasing relative to inflation
most brokers don’t get paid to actively manage shit anyway, they’re getting paid to essentially oversee a block of accounts/deal with clients/facilitate special orders etc. but i can guarantee you one that is being paid to actively manage wouldn’t have a job very long if they couldn’t beat a sp500 etf…
I am hugely skeptical of this - it’d be super easy to forge a +69420% screenshot or even to use a stock trading simulator to fake a more real looking portfolio, but I’ll put that aside and assume good faith - how long have you been investing for?
Yeah, No Shit Sherlock, everyone already told you that 3 years ago.
Let it crash, baby!
See what happens when you vote with your wallet?
Pop pop pop!
The level of schadenfreude im feeling is almost lethal.
Butlerian Jihad Now!
Tech CEOs are a cancer on society and the planet. Ruining everything just to make fake numbers go higher.
I hope we find a way to cure it
They keep saying LLMs will replace jobs. Maybe we replace their jobs and just see how it goes?
Luigi found a pretty good solution.
But, all jokes aside, the best solution is to start taxing these fuckers as hard as possible.
But, to meaningfully tax them, we need a government that they don’t own.
What we really need is to speedrun evolution, and reach the next step sooner, where greed is no longer a factor and things are more globalistic, etc. You know, something sensible. Otherwise, it’s just a cycle that repeats, even with people like Luigi appearing every now and then, and society cheering them on. The next cycle is behind the corner, at any time. We have to break the cycle with radical changes to human behavior and motivations in general.
When we have the potential to reach post-scarcity, scarcity will become artificial solely for the purpose of wielding influence or expressing power.
That’s the world we are already living in.
Evolution doesn’t have “steps”.
You don’t have to take things so literally. Let’s say it so that everyone is happy: evolution is on a spectrum
That wasn’t the point of my comment at all.
Evolutionary changes take millennia to happen. Even if you speed run things it will still be centuries before there’s a change. You could try to manually curate genetic changes, but we’ve tried that, it was called Eugenics and led to Nazis.
What we really need to do is accept that humans are still animals, and have all kinds of flaws due to our animal natures. We need to come up with ways of accepting and working with our animal natures. Males are inevitably going to try to do things to attract female attention so that they can “mate”. So, maybe try to make it so that the things that work are taking care of needy people, rather than driving a big pickup truck or shooting a gun. Or, in the case of CEOs, accumulating absurd amounts of money.
TechCEOs are a cancer on society and the planet. Ruining everything just to make fake numbers go higher.The alternative is running everything by committee, which isn’t always practical.
You can have a single person in charge without them having the title “CEO”.
Making your title CEO is also basically accepting a lot of the cultural baggage that comes with the term.
That’s all it is, semantics and connotation. The person in charge of the whole thing is by definition CEO unless it’s a board.
Semantics and connotation are important.
It’s sad how few of you have taken the time to research or attempt to start a business. Of any sort.
People aren’t evil for selling a service and registering it as a corporation which often requires a CFO and a CEO/President, even if the business has only a couple people. A lot of these businesses struggle financially just as much as any welfare recipient.
Do you think the only people who aren’t evil are the non-industrious? It comes across as pathetic parasitic envy.
So in Texas the powerball reached over a billion dollars recently and a single person claimed the jackpot with a single ticket using AI to generate the winning numbers. Besides that I have seen no other real profit in the real world. Gotta figure out how they did it before the bubble pops I guess.
The word “generate” is pulling a lot of weight here.
Given that all lottery draws are equally likely, you’d want your own to be numbers that no-one else has chosen, so that if you win you wont have to share it so many ways. Don’t choose numbers that are birthdays, for instance. But “generate six numbers completely at random” is such a bad ask for an LLM that I can’t even - it’s likely to pick ones it’s seen before in its training data, which is the worst possible selection.
My company is forcing that everybody use AI by having weekly reviews. They expect throughput of 2-4x hahahahaha
4 x 0 is still 0 lmao
My company recently had a workshop on how to fit AI into extant workflows. We split into groups, got assigned a workflow (in my case completely unrelated to anyone in my group’s actual subject area) and then had to figure out where AI could enhance the workflow.
It went about as well as you’d expect. Someone asked an LLM for input, and the input that came along was about as irrelevant as the rest of our ideas were.
Took two hours in total and we were about 30 people, so say 60 billable hours spent on nothing. That’s a 1½ work weeks for a single person. Brilliant use of everyone’s time.
One of the new engineers tried to get AI to draw him a technical drawing of a part so he could pass it down to the machinists to make.
It took him about 4 times longer just cleaning it up and trying to make it make sense than it took the other new engineers to just draw the parts in inventor.
Then when we got the print we had to go back to him about 4 times to get clarification on the bizarre details that he’d included.
But the good news is you all got to fuck around for an hour and a half and get paid for it. Take advantage of those opportunities every moment you can.
Yea, it’d be wild if people started using AI as an uno-reverso to recoup losses from wage theft.
What do you guys do over there 4x?
Develop and manage a very big website and all systems for the retail stores. It’s nuts.
Oh you’re the guy that’s screwing up my FES
🥰🥰🥰
Majority of people that aren’t out of touch with reality are completely unsurprised.
The point was to bring in VC funding, not to generate returns.
