@kevinxu@aleabitoreddit not true. AI already seeing this premium come down (vehicles like DestinyTech, PWRL etc all coming back to 1x NAV despite having the hottest names)
@MilkRoadAI Micron is at $1T, on a q126 rev of $14b.
Not 3-5x. Fwd earnings fail to capture plateauing value because analyst projections are trend following
@ImShahinyan Qa8 is wrong.
Bf7 and then can block on e8. So whites second move is either B off of c8 or to take pawn
I can’t see mate in 2. No other definitive answers in the thread either
@jdorman81 For Defi to work, everyone has to accept code is law. And risk-reward for parking assets on chain is shit when code is law given the tools out there to exploit that law
@elerianm Because the S&P is transitioning to the new risk-free asset. Most money managers still are entrenched to think only in terms of premia and multiples. Negative real yields for the average joe have finally come to their moment of reckoning