Over the weekend, I want you to think about this week’s biggest event. It's still stuck on my mind how the world will change.
No, wasn’t OpenAI chatgpt4o or GoogleIO. It was Unitree’s $16,000 humanoid robot. Down from $150,000. Annnd it’s open sourced 🤯
https://t.co/gYBDotxs0M
$16K for human labour that works 24 hours. Do the maths and scale that by a billion. Assuming there is zero improvements and Moore’s law stagnant, who is going to catch up? @Tesla? 😂 Maybe @Figure_robot with the support of openAI and nvda
On scaling production. Only china has the ability to scale and produce at such price point. Look at their EVs. Tesla will never be able to make a $11,000 EV that meets international standards.
https://t.co/vCPMSNXQAR
Don't think about what happens in 5 years. Just think about next year. What this robot will do? What kind of job this robot replaces? Companies will simply choose better value proposition.
Stage 1: Replace all repetitive high cost human labour
Stage 2: Replace all repetitive human labour
Stage 3: Replace high cost human labour
Stage 4: Replace all human labour
Any country that puts tariffs on China products will lag behind in GDP growth by simple maths. Cheap labour + high productivity = Bonkers GDP
Markets will front will run events so I really do think we have till end 2025 - 2026 before the economy as we know changes.
Sorry for the rant. But you really need to think this through. Your life as you know it, gonna change.
"WW III is starting" discourse is going to ramp up in the next few hours, so here's how things will REALLY work.
Iranian policy since 2020, after the Trump admin whacked Soleimani, has been strategic patience — ie, Iran's unique set of challenges can't be immediately won...
1/x
My current unpopular opinion is that there is nothing more bearish (for a money allocator when thinking in fiat nominal returns) then responsible governments and leaders
The more crazy the government the higher asset prices go because they will just inject morphene instead of letting people feel pain
If we somehow escape 4 year incentives of politicians and figure out a way to have people accountable to long term outcomes and arent able to print money - I would be short on exposure not long lolll
Thats the irony
GCR is one of the greatest traders the crypto space has ever seen.
Although he's no longer active on X, he has left behind a trail of alpha.
I spent 2 hours on the weekend reading & collating it.
🧵: Here's a compilation of the top 15 GCR alpha tweets.👇
Every single one of these videos is AI-generated, and if this doesn't concern you at least a little bit, nothing will
The newest model: https://t.co/zkDWU8Be9S
(Remember Will Smith eating spaghetti? I have so many questions)
My favorite Charlie Munger story:
In 1953, Munger was 29 years old.
Recently divorced. Lost the house. Huge social stigma of divorce back then.
His 8-year-old son, Teddy, was diagnosed with cancer.
The leukemia was incurable.
No medical insurance - Munger paid for all his medical care.
Charlie would visit Teddy in the hospital every day -- and then walk the streets crying.
Teddy died at the age of 9.
Charlie was broke, divorced and just lost his child.
99.9% of people would've turned to alcohol, drugs, or suicide. (And you'd understand why)
Munger never did.
Fast forward to 52 years old, a failed surgery left him blind in one eye with the potential of going fully blind one day.
Charlie was an obsessive learner who read every book he could get his hands on.
When confronted with the possibility of going blind and no longer being able to read he said:
"It's time for me to learn braille!"
The only thing that might be more impressive than his intellect was his actions.
RIP.
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Munger on Self-Pity:
"Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought.
Self-pity gets pretty close to paranoia…
Every time you find your drifting into self-pity, I don’t care what the cause, your child could be dying from cancer, self-pity is not going to improve the situation. It’s a ridiculous way to behave.
Life will have terrible blows, horrible blows, unfair blows, it doesn’t matter. Some people recover and others don’t.
There I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and that your duty was not to be immersed in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea."