Massive audiences donโt guarantee market competence.
Many got lucky once and mistake that for skill.
Markets are indifferent to narratives and personalities.
If you want longevity, learn to trade and think independently.
Every cycle exposes the difference.
#Bitcoin#Trading
@ZssBecker@benjamincowen Iโve realized half the people Iโve been following dont understand a thing about trading or equites, most were early and got lucky and have been waiting years to do it again. This will be a technical trading season, fundamentals are so ten years ago.
@OpenAI whatโs with the python sandboxes crashing on any document over a few pages? These limits have been dramatically increased and the model is super sus about it. Finally admitted changes have been made they just canโt tell you what.
@elonmusk Weโve become a society that justifies our pain instead of healing it turning empathy into an excuse instead of a cure. The biggest mistake the world made was sidelining Freudโs view of the inner battle and replacing it with a version of psychology that numbs instead of transforms
Elon Musk came up with a pretty incredible idea during the Q3 Earnings Call, that no one is really talking about.
His words: โActually, one of the things I thought, if we've got all these cars that maybe are bored, while they're sort of, if they are bored, we could actually have a giant distributed inference fleet and say, if they're not actively driving, let's just have a giant distributed inference fleet.
At some point, if you've got tens of millions of cars in the fleet, or maybe at some point 100 million cars in the fleet, and let's say they had at that point, I don't know, a kilowatt of inference capability, of high-performance inference capability, that's 100 gigawatts of inference distributed with power and cooling taken, with cooling and power conversion taken care of. That seems like a pretty significant asset.โ
So basically, each car has ~1 kilowatt of high-performance AI inference capability, Tesla wouldnโt need to build giant data centers โ the fleet is the data center.
Tesla could turn their entire fleet into a giant distributed inference network, spread across the world, powered by the batteries and AI in the car already.
Mind blown.
A lot of people have asked me if I will get involved in the NYC mayor race by supporting a candidate that can defeat Zohran Mamdani. TBH, Iโm torn and undecided. Like every other city run by democrats, NYC is a broken kleptocracy. Taxes are astronomical and services are pathetic to nonexistent. Anarchy and socialism are the next logical steps in this story arc. It's what the people of NYC have been asking for for years and it looks like it's what they are about to get. Trying to fight against this tide seems like throwing good money after bad.
It appears things will have to get worse in NYC before they get better. The Zoomers and Millennials need a refresher on the outcome of Marxism and socialism. They are too young to remember the crack and crime epidemic and murder sprees of the late 80's and early 90's. The squeegee men, graffiti, mugging, lawlessness, chaos, and pandemonium. Streets that were too unsafe to walk alone at night or even during the day. Getting mugged on the way to and from school was not just a rite of passage, it was an inevitability.
The Wall Streeters, financiers, and hedge funders have been too busy working on their fishponds and climbing the rungs of polite society to remember to protect the system that allowed them to achieve their success in the first place and allowed New York City to once become the greatest city in the world. Not ruffling feathers was more important than questioning the ideological insanity being taught in the private schools and universities that they sent their kids to. All that mattered was fitting in and getting invited to the right dinner parties.
Now their kids are indoctrinated NPCs, always protesting and supporting the current thing. Like their parents, they too want to fit in. To do so, they unironically exchange bromides and platitudes on the benefits of socialism over rosรฉ brunches in the West Village. Because their friends hate America and capitalism, they do too. It never dawns on them that their lifestyle and studio apartment that their parents subsidize are all made possible because of capitalism.
This delusional thinking was ingrained in them at an early age by institutions that were captured by insane ideology and left unchecked by their grossly negligent parents. Instead of providing their children with immunity from stupid and provably bad ideas that have only led to misery and death throughout history, these parents shrugged it off as kids will be kids.
Now these kids are adults who can vote, but are totally unequipped to do so. In many ways itโs not their fault. From their parents, they learned some combination of magical thinking, preference falsification, and an inability to stand up for anything greater than themselves. As a result, they never learned how to think critically or independently. They never learned the value of Western civilization so they don't understand why, or know how, to fight for it.
Sometimes the only way to learn something is to learn it the hard way. Sometimes the only way to learn the value of what you have is to lose it. If thatโs the case, Marxism and socialism might just be what the doctor ordered.