I don’t know about this path. Rather than equity stakes, why not make companies pay ~20% of all pre-tax income to the federal government? And then instead of exercising shareholder influence, politicians and regulators could set rules on corporate conduct across industries.
@TheStalwart it is crucial that the CFTC maintain the highest degree of integrity in MrBeast mention markets. How else will farmers in Iowa hedge their risk?
I don’t think AI people take their own ideas seriously enough. You can not talk about the imminent emergence of the RSI ASI singleton in one moment and then a minute later fret about why “Mistral is 9 months behind the frontier” as if that matters at all.
Quarterly reminder Krugman was absolutely dead to rights with this quote people try to dunk on him with: since 1998 total factor productivity grew 0.6% per year and prior to 1998 it had been growing 0.68% per year. The fax machine was actually super important!
Reminiscences of a Stock Operator quote of the day:
There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time.