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Comment by thinkingtoilet | Hacker News Reader

Yes. There are too many people entire retirements on the line to hide behind the usual song and dance people do around this. What's the alternative. Let them proceed, the bubble burst, tank the market, then have the poorest and least equipped people to manage a recession just suffer? This is exactly what a government for the people could do. Or we could just keep letting rich assholes destroy everything with no consequences.

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Do you really expect to learn something that you don't already know by making Anthropic do two quarters of audited financials? What happens then? Come up with another reason for delay?

I won't be surprised if audit finds another few 100B of hidden debt

But would that change your opinion?

higher chance to recieve junk rating and reduced initial evaluation

Look, if it makes you feel better, I'm happy to state that I thought the SpaceX IPO price was too high and that it is probably still too high. But in the long run, it might turn out to be a great investment.

I believe that the Anthropic IPO price will be too high, but also in the long run it might turn out to be a great investment.

The most important thing I believe is that this is what I signed up for when I bought lots and lots of VTI. And that I can change to a different set of investments pretty much instantly for 9 hours a day, 5 days a week. With no tax hit because it's in my retirement account.

> I signed up for when I bought lots and lots of VTI. And that I can change to a different set of investments pretty much instantly for 9 hours a day

I don't think that's what avg 401k holder is doing

There is a difference between SoaceX and Anthropic. The former is objectively ahead of competitors by many years while Anthropic is at best by few months and pressure from open weights models is increasing.

So even if one believes in AI the rational choice is to invest into hardware that AI companies needs (GPUs, gas turbines, batteries, solar panels)

My opinion or the opinion of investors who trade individual stock?

> Do you really expect to learn something that you don't already know by making Anthropic do two quarters of audited financials?

Why do you think you don’t already have more than that many months of audited Anthropic financials?

The poorest least equipped people don't have money in the market. Are you suggesting the SEC is capable of stopping a recession from occuring?

Maybe the stock market shouldn’t be people’s retirements?

I never understand this argument.

You aren't required to invest in the stock market. There is nothing stopping you from exclusively investing in CD's, corporate bonds, Government bonds, or even cash for your retirement.

Of course those are less volatile, and therefore provide lower returns, hence you will need to save significantly more and spend significantly less, but that's not you being forced to invest in the stock market. That's just the reality of risk/return trade-offs.

Don't buy shares of companies you don't like. Also don't buy etf and then cry about the companies included in the etf. Problem solved.

Not everyone has control of where their retirement money lives. Turns out, the world is more complicated than an over-simplified one-line comment.

If you put your retirement money in a way where you have no say, then that's on you. You should have complained about that; long time ago.

People buying etf loves that. in their mind, they shift the risk and responsibility to an external party (oh yeah; free money without risks!!) but forget the new responsibility they have to take: you gave the decision power to someone else; now you have to live by it.

> What's the alternative.

The alternative is don't invest in them?

Or, if you are this certain that they are going to fail, then short their stock. You could make millions.

Don’t let them just suffer; teach them the joy of ANFO IEDs.

Pretty gross seeing this kind of paternalistic view get so much agreement on HN. The "poorest and least equipped people" are invested in the stock market? Give me a break.

Quite.

The wealthiest Americans have never owned so much of the stock market, with the top 10% now holding a record 93% of US equities, according to Federal Reserve data.

the bottom 50% of Americans owned just 1% of all stocks and mutual fund shares

The "the usual song and dance people" of letting people choose what to do with their money. Sure bud.

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