2,272 karma · joined March 11, 2022
> Despite the July losses, Situational Awareness remains up about 80% on the year and holds a portfolio of investments in private companies including Anthropic.
80% return (YTD) is the type of performance for which many hedge fund managers would sacrifice their first born.
My understanding of this situation (ahem) is that SI was highly leveraged and where tech (ai and adjacent) stock prices fell, they got margin called ABs were forced to liquidate. Why would this lead to cascading events beyond SI? It appears to have been a very orderly liquidation. No counterparties are reported to have been blown up. Nothing systemic.
Biden was clearly experiencing major cognitive decline over the course of his presidency. Trump was/is not. I've not seen any serious argument or evidence that Trump has experienced a cognitive decline, whereas the evidence for Biden's decline was his every public appearance. Are you being facetious, or is this your actual belief? If so, what is the evidence?
For those unaware, the economist ran this [1] image after Biden’s historically disastrous debate in ‘24 (as a result of Biden’s age based senility being on full display after months of party and media complicity).
[1] https://www.economist.com/leaders/2024/07/04/why-biden-must-...
There are plenty of good reasons to not use Anthropic's services. If you don't like their terms of service, do stop using them! I personally think Anthropic's increasingly successful attempts at regulatory capture are even more distasteful.
There are enough neuroscience experiments demonstrating how we create post hoc explanations of our actions that I wouldn't trust this intuition prima facie.
“”” We estimate price elasticities of housing supply for U.S. cities by examining the impact of foreign purchases on housing prices and quantities. After other countries introduced foreign-buyer taxes beginning in 2011, both house prices and quantities increased more in locations with high foreign-born populations. A 1% increase in global capital inflows, instrumented with tax policy changes scaled by immigrant exposure, increased prices and quantities by 3% and 0.5%, respectively, over 2011–2018. We combine these estimates to construct new local supply elasticities. Compared to prior estimates, our elasticities are more inelastic and change cities’ relative rankings. “””
So it would seem the focus of the research was very much foreign investment in housing.
Broadcom is a public company. It doesn't have a single or even majority owner.
> She wasn't saying, of course, that it's impossible to become a billionaire. Obviously that's possible. Nor was she talking about the distinction between income and capital gains. She wasn't making a point about accounting. What she meant was that it's impossible to get that rich without doing something bad — without cheating in some way.
IMO, that's a pretty fair interpretation, given Warren's rhetorical history.
> ...one doesn't earn a billion dollars through work alone > set up a structure that extracts a billion dollars from a market
If we accept that interpretation (which I don't), in what way is the latter not "work"?
That's not how valuations work. Also, it is not unlikely that SpaceX's valuation drops post-IPO (tech was 6.65% in the most recent trading session) due to its very rich valuation and a long tenured investor based that is probably looking to get liquid.
Google is renting compute from SpaceX because they need GPUs and SpaceX owns a huge supply of them and has excess capacity bc no one uses Grok. Google has stated that this is a temporary arrangement while they continue to build out their own capacity.
I'm not sure how you get that from what I wrote. My solution is (like many, many places in the world): "treatment or jail, but we will not tolerate a destruction of the commons". PDX/SF could do this with the police they have, and it might even imply force reduction as getting those people off the streets would reduce A LOT of crime.
Yes, the U.S. has many significant problems. I agree. Is your suggestion that we have to address them sequentially, prioritized according to your preferences... or else do nothing?
I don't think the police analogy works. The relevant question is not whether a big police budget solves crime. Not the expected outcome. The real question is whether, when crimes happen, the system is allowed to investigate, arrest, prosecute, punish, deter, and incapacitate criminals.
If you port the SF/PDX homelessness model into criminal justice, the analogy would be something like this: we spend a lot on police, but we also prevent them from arresting people, prevent prosecutors from prosecuting, treat enforcement as inhumane, and then decide that the problem is insufficient “resources” or “coordination.”
Money isn't irrelevant. It's that money cannot overcome a policy framework that refuses to impose obligations on the people causing damage. You can spend billions on outreach, services, navigation centers, nonprofit contracts, and harm-reduction.. etc etc. But if the answer to refusal is always “try again tomorrow,” then the system has no endpoint and fails.
YEs, involuntary institutionalization should be used carefully. Jail should not be the first answer for people whose problem is psychosis, addiction, or incapacity. But that doesn't concedes the central point: for many, voluntary help will not work. The only real solution is compulsory: treatment, supervised placement, or jail. And it can't be after multiple years of attempts while the person languishes on the streets and the commons are destroyed.
A crisis care program for homeless youth might be good upstream, but it doesn't address acute problems: chronically homeless people who are severely mentally ill, addicted, violent, or destructive (usually multiple at the same time), and who refuse help. Those cases require either 1) shelter or treatment (won't work for most), 2) secure care, or 3) jail.
Again, the question isn't “should we give up because spending has not solved homelessness?” The question is whether the current model is even capable of solving it. A system built around voluntary services, weak enforcement, and tolerance of public disorder will predictably produce encampments, addiction zones, and unusable public spaces no matter how much money it receives. The missing piece isn't just funding. It is authority, conditionality, and a cultural choice to protect the commons.
Also, zealously dismantle and prosecute the non-profit homelessness grift complex.
What I often wonder is, as the demand for oil declines, the economies of scale in oil production should, too. If that is the case, will not the price of everything with oil byproduct inputs go up? In other words, will the transition to other energy sources actually be highly inflationary?