@chamath One possible explanations… we’re measuring AI at the wrong level. Company wide EPS may not capture where AI is creating value.
The top 20% of employees often create a disproportionate share of outcomes. AI seems to give them massive leverage, while many others mainly become incrementally more productive. The cost is spread across everyone.
Also, low EPS impact today doesn’t necessarily mean AI isn’t creating value. It may simply mean that value hasn’t yet been converted into measurable earnings.
@steipete I built an app that reads Granola transcripts and suggests follow-up questions based on the competencies I’m evaluating. After the interview, AI scores the candidate independently, then I compare its assessment with my own. It consistently catches things I missed.
@antibearthesis That’s not a crash! Zoom in enough and every stock In the world has had “crash’s” like what you are looking at! Just hold for 10-20 years and I’ll do well!
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If you know someone with a proven track record of driving measurable results, please DM me.
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I understand how Elon Musk created wealth… he built companies that created value for millions of people.
How would collecting more taxes from him help the average American family build wealth?
What specific path would the government turn tax revenue into wealth creation for ordinary households?
@jappleby Sometimes it’s fun to do things for fun! Don’t take everything too seriously! Everyone’s talking about it, I would say it’s a successful campaign!
@chaseposts@SolLunix You can do this if you setup a llc, it just makes things a little complex… you can write off part of your housing if you work from home.. part of your bills the same way!
The real difference isn’t corporations vs individuals. Its consumption vs production.
The tax code favors production, things that create downstream economic activity and penelizes consumption. Corporations mostly sit on the production side, individuals mostly on the consumption side. That’s why it feels asymmetric.
And exactly why the US has such a high production economy…
@rxhit05 Building the product isn’t the value.
That’s always been on a spectrum toward commoditized.
The value is in the sequence of decisions that shape it, taste, distribution, timing.
@pmarca It’s probably already being exploited by bad actors. The smart (dangerous) ones would use it at the right time to their advantage or in a way that doesn’t reveal the holes.