But the second is that SPCX will be ONLY 0.1% of the S&P500 index! (Because it’s only floating 5% of its shares.)
That's the size of the opportunity and hence the size of the supposed problem!
However, there are two MAJOR flaws in this plan.
The first is that you’ll have to guess the fair market value of SPCX better than all the people who will be buying shares in the IPO. If you can’t then you’ll lose your money.
On the Red / Blue Button Question
The question bears a superficial similarity to problems of living in society, so it triggers our communal instincts. But it’s actually hijacking that instinct, as you can see via a simple reformulation:
What button should you press? It’s totally obvious. Everyone should immediately press their red button, followed swiftly by a vigorous campaign to find and destroy all blue buttons.
AI strategy becoming clear. Patience is all you need. A year or two. Everyone else a burned-out low-attention-span absent-minded wreck. You're the most competent person still standing. Wait long enough you can probably just walk into any org in the world and declare yourself king
Here is a simple first-principles argument for being skeptical about Artificial Superintelligence:
1: Given any rule or function which can be endlessly applied, it is possible to precisely and correctly derive any given set of its results.
Today’s a good day to post this reminder:
Working from first principles, you can show that getting Artificial Superintelligence from LLMs is logically impossible.
Explanation: