Everything related to machine learning and data science in general. Follow @fastml for notifications about new posts and @fastml_viz for data visualizations.
@Hortysir Don't put Israel and Ukraine in the same sentence, you fucking moron. USA has been showering Israel with money, Trump cut off all aid to Ukraine. Israel is the aggressor, Ukraine is defending itself.
More than half the S&P 500's total value is now in stocks priced above 10x sales. This was once considered an outlandish valuation, as it leaves little room for error. The list includes Nvidia, Apple, GOOG, MSFT, Broadcom, Tesla, Micron, Eli Lilly, AMD, Oracle and 57 more.
SpaceX being rammed into indices with no profit requirements, seasoning, and generally looser constraints is economic terrorism. Index trackers will eat the loss when reality catches up and retail investors will suffer.
This chart is bonkers.
I think there's two possible explanations for why the UK runs so far ahead of other European countries – neither of them good. And the annual April jump speaks to a wider issue. For more detail, see my column in this weekend's Observer (link below).
Holy shit! They changed the rules for Elon again...
They waved the profitability rule & are adding SpaceX to indices only 5 days after IPO... normally it's 90
This forces 401k retirement & passive funds to buy SpaceX at elevated IPO pricing, holding the bags the entire way down