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Joined 1 year ago
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Cake day: October 9th, 2023

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  • Uh no, the AI didn’t crack any problem.

    The AI produced the same hypothesis that a scientist produced, one that the scientist considered his own original awesome idea.

    But the truth is that science is less about producing awesome ideas and more about proving them. And AI did nothing in this regard, except to remind scientists that their original awesome ideas are often not so original.

    There’s even a term scientists use when another scientist has the same idea but actually managed to do the work of proving it: “scooped”. It’s a very common occurrence. It didn’t happen here.





  • Section 4:

    The Russian Federation, the United Kingdom of Great Britain and Northern Ireland, and The United States of America reaffirm their commitment to seek immediate United Nations Security Council action to provide assistance to Ukraine, as a non-nuclear-weapon state party to the Treaty on the Non-Proliferation of Nuclear Weapons, if Ukraine should become a victim of an act of aggression or an object of a threat of aggression in which nuclear weapons are used

    The US promised to seek action from the UN Security Council if Ukraine suffered or was threatened with nuclear attack.

    Ukraine hasn’t suffered a nuclear attack. Even so, the US did seek action from the Security Council, but it was predictably vetoed by Russia.














  • If you’re a value investor then you believe that the actual value of a company depends on its current and future earnings and the market price will tend towards the actual value in the long run.

    But naturally there are other factors that also influence the market price. In fact, the whole point of value investing is to find stocks that are “underpriced”. For various reasons, they are currently priced at a discount to their actual value. Those are the stocks you should buy, and you should expect their price to increase.

    Conversely, for various reasons some stocks are “overpriced”, like Tesla. You should not buy those, because you expect their price to decrease in the long run.

    A corollary is that value investors expect seemingly irrational price movements like we see with Tesla. If share prices perfectly reflected fundamentals, then it would be impossible to find a “good deal”.