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Joined 2 years ago
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Cake day: June 17th, 2023

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  • The funny thing about people who say it’s not a bubble because AI has value is that the asset category having value doesn’t prevent valuation bubbles from forming.

    Houses have value: you can live in them. Yet there was a housing bubble.

    The internet has value: you can watch cat videos on it. Yet there was a dot com bubble.

    Tulip bulbs have value: you can grow pretty flowers with them. Yet there was a tulip bulb bubble.

    In my experience, whenever you start reading news stories asking if something is a bubble and quoting investment bankers say, “no, it’s not a bubble,” well, usually it’s a bubble.







  • Eh, I think a lot of people cling to ridiculous superstitions because the world is scary. I get impatient sometimes with stuff like that. I can’t whistle at night, I can’t go to the beach during ghost month, I have to pay my wife a dollar if she buys me shoes, etc. I think it’s all silly but I wouldn’t trade my wife for anything.