Monevator

All about investing since 2007! Loves to explain but more to learn. Named best UK investing blog at the SHOMO Awards.

Blog posts and tweets are NOT advice.

[Monevator @Monevator]

@Finumus1 Not if the hyperscalers turn it off / jack up the cost of access / scale it back heavily in an attempt to make it pay its way

At the moment we're all being subsidised by VCs, no?

Of course higher charges might make it more profitable, and back and forth we oscillate…

[Monevator @Monevator]

"Freeze! Give us more of your income and nobody has to get hurt!"

https://t.co/ozb698lBwg

[Monevator @Monevator]

@Far_Wide1834 Indeed. It's worth remember too that grim as the US system is, at least it has checks and balances that we really don't.

The UK Parliamentary system grants enormous executive power as a feature not a bug.

[Monevator @Monevator]

Reminder: leading the polls

[Peter Stefanovic @PeterStefanovi2]

Nigel Farage registered ‘absent’ from the last 77 votes in Parliament

Official Parliamentary figures reveal that Reform leader Nigel Farage hasn't bothered to vote for anything in the last 11 weeks...

https://t.co/fsxzTKkL4Z

[Monevator @Monevator]

@trashingdays Two of my best friends are programmers.

The most commercially successful one now says he will never write code again. He orchestrates multiple agents and sees himself as a conductor.

Interestingly, the other friend codes more for s/w than one-off use cases. He shares your view.

[Monevator @Monevator]

Google Finance AI is consistently wrong. It corrects itself if pushed, but still.

Are we being gaslit about the AI revolution?

Do the tech bros have religion because AI is undoubtedly good at writing code, and they assume it generalises?

What's a bigger question for markets?

[Monevator @Monevator]

@Finumus1 Because it often gets it right/better the second time, I infer it's not giving much energy/cost to computing the first answer

So then we have a second question, which is can AI be profitable if it has to mark its own homework 2/3/10 times before submitting?

Not novel Qs I know!

[Monevator @Monevator]

@Finumus1 There was a UK trial to blag onto and beat the queues ;)

https://t.co/v16QrILbXx

[Monevator @Monevator]

@Stypi18 p.s. My co-blogger (writes as 'The Accumulator') wrote this article, not me (The Investor) and we don't always agree 100% :)

[Monevator @Monevator]

The industry standard 60/40 is an easy option based on the historical record, but those averages smooth out some particularly poor periods…

The snag? Such periods look quite a bit like today!

https://t.co/eQyDVlJyea

[Monevator @Monevator]

@Stypi18 It's hard to see how anytime soon without another inflation surge

[Monevator @Monevator]

@Stypi18 Better starting position for sure. As the article says though, if we're in rising rates for (say) 20 years it's still a concern.

[Monevator @Monevator]

I know the scientific facts about climate change are unfashionable nowadays, but at least his timing could have been better than the middle of a heatwave in *checks calendar* May

https://t.co/CURguoajDc

[Monevator @Monevator]

The party leading the polls in the UK believes this is a hoax

I don't know whether to despair more of them or the witless Barry Blimps who vote for them

It's one thing to screw Britain with Brexit, but doing the planet is weapons-grade moronic

https://t.co/wbcwYBqGdJ

[Monevator @Monevator]

@FinanceTiger Vote for banana republic Brexit, get a banana republic stockmarket

It was all very predictable (and predicted)

[The Secret Accountant @TheSecretAcct]

Frozen stealth taxes. Worth a quick scan on your way to Alton Towers.

[Eric Wallerstein @ericwallerstein]

stole this from Oxford Economics. EM is getting shellacked when you remove TSMC, Samsung and SK Hynix.

[RS Archer @archer_rs]

Apparently climate change is a myth.

[Brian Krassenstein @krassenstein]

HOLY CRAP Trump actually accomplished a miracle. Here is what he got out of Iran:

- Reduce its stockpile of enriched uranium by about 98%

- Limit uranium enrichment to 3.67% purity (far below weapons-grade)

- Cut the number of installed centrifuges by roughly two-thirds

- Only enrich uranium at one declared site (Natanz)

- Stop enrichment activities at Fordow and convert it into a research facility

- Redesign the Arak heavy-water reactor so it could not easily produce weapons-grade plutonium

- Ship out or dilute excess enriched uranium
Allow extensive inspections by the International Atomic Energy Agency (IAEA)
Permit continuous monitoring of nuclear facilities and supply chains

- Accept “snap” inspections under expanded monitoring rules

- Avoid building new heavy-water reactors for years

- Stay within strict limits on uranium stockpile size and centrifuge development for set periods ranging from 10–25 years

Ooops, sorry!

That was the JCPOA that Obama signed with Iran, only to have him tear it up, kill 140 kids, get hundreds of Americans injured, 13 killed, and gas prices to surge 50%.

[Monevator @Monevator]

@Finumus1 Yes, wasn't referring to you with the last bit!

But the rampant presence of deniers – particularly on X, where people post as if it has never occurred to those of us concerned about climate changed that oil is a useful fuel – is why I'm hair-trigger on this subject. :)