If you put $2,000 into Micron $MU in 2010, you would be rich today.
Well...
Let’s play it out if you somehow did nothing & held until right now.
You would have about $3,250 by the end of 2015
and did nothing
Then watched that $3,250 climb to about $13,200 by the 2018 peak
and still did nothing
Then watched $13,200 get cut almost in half to about $7,300 in the late 2018 crash
and still did nothing
Then watched $7,300 rip to about $21,400 at the November 2021 peak
and still did nothing
Then watched $21,400 collapse to about $11,600 at the September 2022 bottom
and still did nothing
Then watched $11,600 explode to about $175,700 by right now
and for some reason finally decided to do something...
Then yes, $2,000 in Micron in 2010 would be worth about $175,700 today.
The lesson is the same.
Everyone fantasizes about the final number.
Almost nobody has the stomach to sit through the volatility to create that...
@justincwh@wassielawyer So the Darwinism in this case is the propensity of the majority to "protect their own" aka press Blue? It could be true. I wonder how much the vote will swing if the premise was that their family members already pressed red.
the strait of hormuz is in a quantum superposition of open and closed that only collapses when you try to take a tanker through yourself and see if you get shot at
This is an ILLEGAL war on Mordor.
We’re told Sauron “poses an existential threat,” yet somehow this involves sending hobbits 1,500 miles to a volcano.
Regime change in Mordor will only create a power vacuum filled by worse orcs.
Sauron is bad, sure. But is he “march to Mount Doom” bad?
Meanwhile second breakfast is underfunded.
Tell me again how this puts the Shire first?
This is counterintuitive for some, which is why there’s a paradox named after it. But if you lower the cost of something that was previously supply constrained, demand for that thing goes up. Software engineering is just one of the easiest examples to contemplate.
The process goes like this: every small business, every IT team, every large enterprise sees that engineering can now drive vastly more output. They then start to consider all the new things they can build or automate. They even test building prototypes themselves.
They only get so far with that approach because they realize there are still 50 other tasks that go into building software and maintaining it. So they start to hire more engineers to do that work. All of this for work they never would have considered automating or having software for if AI didn’t exist.
So yes, automating tasks, in plenty of fields, will lead to demand for experts, not less.