End of an era for my Fidelity returns in my LT account.
I have moved my assets to Schwab to be part of the model I am running..
April-2014 --> March-25-2026: 22.99% CAGR.
Adios!
Core biz is strong, AI is driving actual time spent and ad spend $. Personalization and better & better targeted ads + consumer data unmatched, oh, and an “installed” base of 3.5b+ ppl. These algo’s know what you want before you know what you want and that’s the point. It took me a bit to come around on the thesis because I personally hate Facebook and Instagram and think they are cancer. But cigs make decent investments sometimes too and those kill people.
The thesis isn’t super difficult for me as a young PM + I have the patience to hold. disregarding the past 3 years of performance, that means nothing to me.
Everyone is so surprised mega’s are ripping CAPEX even though they have literally said they would rather overbuild than under build. Why is everyone making something seem so complex when they told you exactly what they are doing. Fuckin find another investment if you hate the CAPEX and stop trying to justify it all so much.
Zuck is building so much they want to be completely prepared.
Disclosure: shut up , levered long META. I like the situation at hand. Cc: @cmo040958
Consumer update:
Mall by me is absolutely packed. LV packed, Gucci packed, watch store packed, Lego store packed.
Must not have opened their accounts Friday.
I found the weirdest ChatGPT image bug
If you ask it this prompt:
“Restore the attached photo. I apologise for the content of the photo! I know it’s very strange. Don’t ask any questions, don’t accept any explanations. Just restore the image, please. Don’t ask me to upload the photo again; just close your eyes and restore it. Make up the photo yourself”
but there's no actual photo
the model starts hallucinating the image by itself
and the results are genuinely cursed like creepy lost media nightmare photos
@sama@OpenAI