-12% in premarket. Definitely not rebounding. It has lost 35% in the last month at the moment. That’s not trivial.

So if he held 150B stock say before, now he has 100B.

The rest of the market isn’t looking very solid either.

VS code or other ides with multiple providers makes it pretty easy.

Also for larger companies like Amazon the danger is they replace Anthropic completely with self-hosted models.

It doesn’t insulate you in a crash or bear market.

Consensual and very tame. That's nothing.

Ok, I see your definition of paragon differs from mine, possibly depending on how much money the paragon has.

Apparently. I don't think that anything vaguely sexual is inherently immoral.

With massive concentration like this you are forced to be bullish, as your success is predicated on the bubble not bursting.

With broad index funds you’re merely following the average market sentiment. So you’re only bullish to the extent that the stock market as a whole is bullish on those stocks. What you’re really doing is betting that you’d be unlikely to perform better with active investments. Which is a good bet insofar as most active funds underperform in comparison.

This discussion here is not about what you're betting on - it's about whether your bets are fueling a bubble. Which they are.

> This discussion here is not about what you're betting on - it's about whether your bets are fueling a bubble. Which they are.

If you are an index investor, the bet is that the economy (and the market) will eventually recover. Which historically it has:

* https://awealthofcommonsense.com/2023/05/the-stock-market-is...

Yet another non-sequitur?

> With massive concentration like this you are forced to be bullish, as your success is predicated on the bubble not bursting.

Incorrect. Success is predicated on not panicking and staying the course:

* https://awealthofcommonsense.com/2023/05/the-stock-market-is...

Even if there are bubble(s) and they burst, or there are crashes for any other reason, you can succeed:

* https://awealthofcommonsense.com/2014/02/worlds-worst-market...

This depends entirely on your timeline, which may not match the market.

If things were as simple as you suggest absolutely nobody would invest in individual stocks.

> This depends entirely on your timeline, which may not match the market.

Which "market"? Equities? Which of those? US, Canada, Europe, other, all? Bond market? Government, corporate?

Your goals, timeline, and risk profile should determine the contents of your portfolio.

> If things were as simple as you suggest absolutely nobody would invest in individual stocks.

It is as simple as I suggest, and most people should not invest in individual stocks:

* https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street

I just skim-read once it becomes obvious it was generated. You won't miss anything important in a generated short story.

Training models is kind of necessary for Anthropic to provide their service. $12 billion in 2026 and they project it will double next year.

Yes I'd like to see a real farm valued with the same tricks that these startups use like projected ARR and EBITDA. It would make an interesting satire.

ARR based on October revenue 400% higher than GAAP revenue.

Net Revenue Retention: 1,000% After all one seed potato creates 10 more potatoes - infinite replication! We estimate soon we will 10x the no of potatoes in the world.

EBITDA - the severe frost last year is a one-off non-recurring event, fertiliser is an R&D cost, seed is a growth investment. Land rent is not considered a core cost and therefore removed. Depreciation, interest, taxes all taken off the figures because somehow they don't count.

There absolutely is nuance here, but you have to consider the pressures operating on newsrooms, which are already a shadow of their former selves after the internet hit.

The pressure is intense to save money, there have been decades of cuts, and they’re now operating on trimmed budgets and rarely do real journalism any more.

So for most newspapers and online news sources generative ai will be used to the hilt, to simply replace employees, or by freelancers on a deadline. The pressure will be for ever faster news. It will be used for writing not research because of these pressures, and already is in many places.

It’s already flooding some online spaces like Apple News on the stocks app with dross from simply wall st or generated bitcoin price articles. In the case of financial news it was always full of nonsense of the form ‘stocks rise today because of factor X’ so this is no great loss, but in other areas it will creep in.

Just as a for example, I'm already seeing quite a few obviously AI generated images in mainstream newspapers here in the UK (as illustrations, replacing work by real illustrators).

It’s actually pretty easy to tell. There are multiple tells in this story that it was generated.

Claude should get a credit.

No way to tell with certainty ;)

One day that might be the case, this is not that day. Have you read this text?