I imagine it being very useful to understand what you just said
this is of course a correct and prescient observation. minimaxir is kind of an NLP final boss, so I wouldn't expect most people to be able to follow everything he says
The spaCy tutorials in the submission also have a section on word vectors.
Bag of word co-occurrences in matrix format is also a nice to know, factorizing such matrices were the original vector space model for distributional semantics and provide historical context for GloVe and the like.
And also, IIRC, still outperforms them on some tasks.