If you are reasonably optimistic about your future and have done sufficiently difficult things in life - you learn early on that stress often overinflates the severity of the problems you are FEELING.
Things do get better, and time is an excellent salve for everything.
Knowing this, one might be tempted to "skip forward" to the times where everything is "better". The problem with this is that all sufficiently ambitious projects have a string of problems that reveal themselves only when a previous problem is "better".
Thus, thinking this way guarantees a life where you are fast-forwarded to your death bed.
You are in the good old days; even if it doesn't feel like it.
We in Europe have a lot of problems in creating companies. But a big one was getting funding to pay programmers and create big companies. I believe that with AI, if people change mentality a little bit, even just the young folks, we can move a lot of IT back to Europe.
@4ndyXu Well, for a long time, @gmail yes @Google's product not Amtrak, wouldn't let me add a recovery email because the email handle has 2 characters (3 char min). Like [email protected] won't work! Never even bothered to report it.
Risk/reward seems attractive again.
Lots of cheap stocks with durable competitive advantages that are going to crush numbers for the next 6-12 quarters.
Time will tell!
@Larryjamieson_ I opened an account with them, referred a friend and got like 2k of their stock in the lows of 2023. Watched it go up and up then paper handed 🥲
I'm still very bullish on Semtech and Nokia; these 2 positions went parabolic over the last 4 months. Semtech is still pricey, but Nokia looks attractive here. Their ICE-D DSPs & AI-RAN will surprise the market by year-end. I'm buying more $NOK leaps ahead of earnings
Markets reacting to Trump posts is like kids playing games; the outcome is obvious, except you make or lose money, a lot. It’ll pass, so I’m rebalancing. I sold my losing $MBLY position. This week I'm buying lots of $NOK & $SMTC leaps
DD: AI AI AI
@SemiAnalysis_ Bro, this is Capital One. They have been doing LLMs before even Anthropic existed. Eno launched in 2017 & yes it wasn't LLMs but they were in the frontier of NLP then. They have one of the best teams, a lot of heavily regulated data and the money to do it.
@MoodyWriter13 Russia could have been an AI superpower. They had everything: talent, cheap energy, companies with massive data infra. The race could have been US vs China vs Russia. But the fuckers are stuck iterating their Lancets/V2U to blow 2 more Ukrainians per day😭
The Invisible Ledger: War, Investing, and the True Cost of Opportunity
In the grand arc of this conflict, Russia now occupies the position Nazi Germany held in 1944. Its military and economic defeat is becoming clearly visible on the horizon, as the country’s industrial foundation erodes week by week. On the battlefield, the momentum has fundamentally shifted, Ukraine has firmly seized the initiative. At the same time, the reality of the war has visibly arrived at the doorstep of Moscow’s elite, those very circles that until recently believed themselves safely insulated from its consequences.
At the outset of the war, conventional wisdom held that Russia possessed escalatory dominance. That assumption has since been turned on its head. The defining contest of this modern conflict has been the capacity for rapid technological adaptation. For a long time, it remained a grueling, neck-and-neck race. But that equilibrium has now broken decisively: Ukraine has pulled ahead technologically, leaving Russia increasingly behind. Stripped of meaningful strategic options, Russian leadership resorts to escalations with little genuine military utility, most recently, the deployment of an intercontinental ballistic missile. It is a chilling historical echo: a regime in its twilight hours concealing its impotence behind blind terror, much as Nazi Germany once staked its hopes on the vengeance weapons like the V-2.
And yet, this war will in all likelihood endure for a painfully long time. A prolonged agony before the final collapse. It carries profound lessons, particularly when one examines its true costs. Here, war shares a bitter truth with the world of investing: the most devastating losses are often those that appear in no budget line. They are the opportunity costs.
What a war consumes immediately, materiel, equipment, human lives, can at least be quantified. The far deeper wounds are inflicted by what is prevented from ever happening. Every destroyed asset, every manufacturing line redirected toward weapons instead of civilian innovation, and above all every life extinguished permanently strips an economy of its productive foundation.
Russia is estimated to have already lost close to one million people through death, severe injury, or emigration. These individuals are forever severed from the nation’s demographic and economic lifeblood. They will never again contribute to GDP, drive innovation, or build families. It is an invisible but irreversible hemorrhage, one that will weaken the country for decades to come.
Yet, for all there is to learn from these structural miscalculations, many observers today are drifting into a dangerous apathy, tuning out the conflict entirely. This often stems from cognitive dissonance: to acknowledge reality would mean admitting they had backed the wrong side, politically, economically, or morally.
And this is precisely where war and investing converge. In both arenas, the costs that hurt most are rarely the ones on the visible ledger. The investor fixates on the position that lost twenty percent, just as the observer counts destroyed tanks and ruined cities. But the truly decisive losses are the silent ones: the capital left parked in a stagnant asset while a generational opportunity compounded elsewhere; the productive decade a nation never gets to live because its young were sent to the front instead of to the factories, the universities, the families they would have built.
Opportunity cost is invisible because it consists of things that never happened, and what never happens leaves no wreckage to photograph, no line in any budget. It is for exactly this reason that it is so easily ignored, and so devastating in its cumulative weight.
Those who close their eyes to this, whether investor or observer, deny themselves not only the recognition of their own misjudgments, but the far more valuable thing: the chance to learn from the unseen costs before history, and the markets, exact them again.
@lochan_twt Folks focus on SO toxicity, but it was just strangers helping strangers for free. I’m grateful, I remember a few usernames; Alex Martelli, Martijn & Preston PHX. Back then PayPal’s docs were such a mess. Without Preston’s answers there was no way your PayPal SDK/API code worked.
Heads-up: Pre-market so-called “news” or “Truth” is often just a setup for profit-taking. Basically, it’s a reverse indicator.
Do the opposite: If they pump it, short it. If they dump it, go long.
See something tomorrow? You know the drill.