“the small investor always finds out last. no Bloomberg terminal. no management access. no early warning.” @Moneylifers gave early warning about problems long ago at a cost every investor can afford. @suchetadalal
The story is very intriguing. Humanity finds a dead body on the moon. The caveat? The body is 50,000 years old. The story starts slow, but then the pace becomes phenomenal. Highly recommended.
A human would never do this. Number one, a human would never do hundreds of rollouts. Uh number two, when a person sort of finds a solution, they will have a pretty complicated process of review of like, okay, I think these parts that I did well, these parts I did not do that well, I should probably do this or that.
Well, there's nothing in them which will cause it to generalize. Well, the gradient descent will cause them to find a solution to the problems they've seen. And if there's only one way to solve them, you know, they they'll do it. But there are many ways to solve it. Some which generalize well, some which generalize poorly. There's nothing in them in the algorithms that will cause them to generalize well.
Bigger changes always get tests. Automated ones usually aren’t great, but the model almost always finds issues when you ask it to write tests IN THE SAME CONTEXT. Context is precious, don’t waste it.
But the spike in interest rates require to do this would be huge. And the trade shock will cause a sharp recession, or worse, putting even more stress on the budget. A debt crisis is likely along the way as the US finds it impossible to roll over debt.
Regular Rotation Investing Focused Interviews The Meb Faber Show Master in Business with Barry Ritholz Capital Allocators with Ted Seides Bloomberg’s Odd Lots with Tracy Alloway and Joe Weisenthal
Regular Rotation Investing Focused Interviews The Meb Faber Show Master in Business with Barry Ritholz Capital Allocators with Ted Seides Bloomberg’s Odd Lots with Tracy Alloway and Joe Weisenthal
Regular Rotation Investing Focused Interviews The Meb Faber Show Master in Business with Barry Ritholz Capital Allocators with Ted Seides Bloomberg’s Odd Lots with Tracy Alloway and Joe Weisenthal
Regular Rotation Investing Focused Interviews The Meb Faber Show Master in Business with Barry Ritholz Capital Allocators with Ted Seides Bloomberg’s Odd Lots with Tracy Alloway and Joe Weisenthal
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