Nothing you have said here contradicts what I wrote. You are talking about cars that are either more than 10 years old or have more than 100k miles, or possibly BOTH. Yeah, they might run for another 100k, but not without some $$ maintenance. And that’s a roll of the dice. New brakes or new muffler? Not too bad. New transmission? Potential nightmare. Or even worse, smells. If your 2011 Volvo has flood damage, fire damage, or absurd smoking history, the car may be miserable during the summer months when the car heats up and the smells are more obvious.
And if you don’t know cars, don’t have a repair shop you trust, you worry that you will get ripped off or scammed. That’s why lots of buyers will choose the new car or lightly used car with an 7 year loan over the $6000 beater.
was a super tight wing, sold 6850 call and bought 6855 call for protection, sold 6845 put and bought 6840 put for protection. Ran 4 of them. Slow crawl up, didn't move much, then end of day the rip blew them to pieces. I was hoping for perfectly flat day or at least chop where I could leave halfway through the day and collect some theta. I'll try again tomorrow depending what overnight movements look like. Open was 6845.46....0.45% move up today. Was expecting flat as a pancake. No dice. But the payout would have been glorious if we had a little chop or ended back where we started. Risk was 200 bucks payout would have been 1600
> The big issue comes if 1. Nvidia runs out of money 2. AI does not make meaningful progress towards being more profitable over time
It can't. They've invested so much money into AI that the major AI companies would have to earn multiple times more of their normal annual revenue just to break even.
Look, here's what's going to happen:
1. Big companies need to make multiple times more of their normal annual revenue to even have a hope of breaking even and people just aren't really paying for AI now.
2. Big companies move to a pay-to-play model to recoup their expenses.
3. Normal people can't afford to pay those fees.
4. Seeing the opportunity, a metric ton of third-party companies quickly roll their own AI using already-released open source versions and start selling it as the cheap alternative.
5. People notice the cheaper AI hallucinates way more.
6. With no certifying agency for AI that can assign a score as to how good it is, and with the choice between paying metric tons of money for AI or for rolling the dice on craptacular nonsense, companies all start pulling back from AI.
7. The big AI companies shelled out swimming-pools worth of money and don't really have anything to show for it. They start filing for bankruptcy.
The only thing that stop this is some big company (OpenAI, perhaps) spinning off an independent organization creating new annual certification tests for each AI and becoming an AI-certifying body somehow. Speaking of which, there's a dearth of widely-recognized AI-certifying bodies, so I expect to see a bunch of them soon which will also oversaturate the market but in a different way.
Well, frankly. If your going to be regarded enough to yolo your whole port/savings into one play, you should be shamed. Granted this is what wsb encapsulates, although anyone browsing or taking these bets should know of the risk these things carry. Many people are blinded by the posts of big wins, and think this is their next lottery ticket. If your old enough to roll the dice, you need to beable to accept responsibility for whatever losses occur.