@richardturrin Much more noise than signal in AI right now. For me it still comes back to unit economics. If you can't price the work properly, you need a very, very good filter or you'll be confused AF.
The Kondratieff Fifth Wave will be decentralized.
Europe may be the first major region to break under the pressure of the old centralized model.
Bureaucratic rule, overregulation, high taxes, energy mistakes, and anti-growth policy are destroying incentives.
Capital is already voting with its feet.
"I've always believed in renewable energy. I bought into the idea that it was cheap.
"I really really wanted it to be true."
@hodsonwill on why his views on renewable energy have changed.
'The government has given with one hand and takes away with another!'
Former Chief Economist at the Bank of England Andy Haldane tells @NickFerrariLBC that a โfragile and febrileโ UK urgently needs a โgiddy upโ.
"I can't stand seeing kids who make $70,000 a year spend $28 on lunch. That is just stupid."
Picture that $28 compounding in an index at 10% a year for 50 years instead.
Then run the closet test. Look at what you bought and never wore. You use 20% of it. The other 80% you pissed away.
Hard to argue with that.
Skipping lunch to put it in an index fund is not the answer. Lunch is going to cost something either way.
But the closet point is spot on.
The real issue is the order.
People spend first. Then invest whatever is left. There is never anything left.
It should be the other way around. Invest first. Then spend what remains.
And the math backs it up. $28 a day on lunch as a habit is $500 to $600 a month. That is before breakfast and dinner.
Spend like that at every meal and there is no plan. There is just spending.
This is a discipline problem. And a financial education problem.
AI agentsโbots that can read, interpret and actโuse masses of processing power and have started to run up huge bills. As they proliferate, the problem will grow https://t.co/VHg8rqgEEg
@KingKong9888 He started a gold fund at the top in 2012 and shut it down at the bottom in 2015-16.
Then he started strong dollar funds and missed the gold bull market ๐
@mikealfred Yep. Same every time. Loads of noise when the trade looks bad, then silence. I need a very, very good filter for half the analysts on here.
There is a growing belief that if AI generates extraordinary wealth, the public should share in it. Beneath the populist packaging lies a serious idea https://t.co/UOkINH3Xg2