How does it go? The trend is your friend — until it bends in the end. I’m sure trading firms are already fervently working to have the new AI to identify these trends faster and sooner, and when exactly the trend will bend in the end. Probably not too crazy of an idea to imagine the distribution of profitable stock following the power law and the entire market getting dominated by superhuman stock-picking AI. As long as the chat prompt optimizes for some human quality like “lessen human suffering” or “improve the human condition” then let’s give this experiment a go.
I agree, but alas tis the motions that are followed. OpenAI went from singing praises of open-sourcing AI to now flagellating themselves for having done so [1]. Won't do much unless like the author says "a collective, enforceable decision must be made to slow the development of these technologies" which like yeah...good luck with that.
This is why I try to subscribe to everything via my iPhone. I can go into the subscription page of settings and with one tap start or stop any of the services I've subscribed to through there. Even if I have to pay more than going direct, the convenience is worth it to me.
imo this should be outlawed but that’s just my personal preference. The same opinion applies to billboards along roads. I already paid for the phone and for the roads so imo I’m entitled to use those things without unwarranted solicitations for my attention.
I believe there’s a name for what you’re describing: the Cantillon Effect.
> An 18th century French banker and philosopher named Richard Cantillon noticed an early version of this phenomenon in a book he wrote called ‘An Essay on Economic Theory.’ His basic theory was that who benefits when the state prints a bunch of money is based on the institutional setup of that state. In the 18th century, this meant that the closer you were to the king and the wealthy, the more you benefitted, and the further away you were, the more you were harmed. Money, in other words, is not neutral. This general observation, that money printing has distributional consequences that operate through the price system, is known as the “Cantillon Effect.” [1]
Just be aware that TPG is often harmful to consumers; they often tout credit card deals for cards with better sign-on bonuses if you go directly to the issuer; they were touting a 60k Amex Gold bonus when you could just go to Amex directly for 75k. They exist to drive CC referral revenue; if they can't get referral revenue for a card, they won't promote it.
I'd happily give TPG the 15k miles worth of referral bonus anytime - their reporting on travel, especially the extra work they've put in for helping people travel in the pandemic, is some of the best on the web. Even in the past 24 hours they shared a new and interesting trans-pacific airline that makes stopovers in Anchorage which would be fun to try (https://thepointsguy.com/news/northern-pacific-airways-boein...)
That's a good point about awareness of sites with affiliate links. Doctor of Credit and https://www.frequentmiler.com are my top two, though there's overlap between them. Doctor of Credit has the best credit card, bank and brokerage sign up bonus lists and Frequent Miler has good point redemption guides.
Full transcript of his remarks can be found here: https://www.techpolicy.press/transcript-mark-zuckerberg-anno...