Yes; the right way to think of them is an interated improvement on ICOs with less securities regulatory risk. ICOs made promoters a huge amount of money and little was clawed back; iterations were inevitable unless aggressively policed.
ECONOMY
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ChatGPT sparked AI revolution changing productivity landscape
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Chat GPT no fue la primera, pero sí fue la que nos hizo darnos cuenta que todo estaba a punto de cambiar.
— Juan Merodio (@juanmerodio) 18 octobre 2023
La revolución de la inteligencia artificial ha llegado, súbete a la ola o en el futuro no podrás competir en materia de productividad. pic.twitter.com/mq4DFhM51UChat GPT no fue la primera, pero sí fue la que nos hizo darnos cuenta que todo estaba a punto de cambiar. La revolución de la inteligencia artificial ha llegado, súbete a la ola o en el futuro no podrás competir en materia de productividad.
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Warren Buffett’s Legal Strategy Against Settlement Pressure
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"You should pay us money!"
"No?"
"But we have lawyers and can make this annoying and costly for years. Just settle."
Warren Buffett's lawyer: "I did not get a job in insurance law because I am easily bored into submission."
Warren Buffett: "Try outspending me in court, bro." -
Buffett’s Legal Strategy Against Frivolous Business Claims
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I model most claims against businesses as being frivolous and Warren Buffett's lawyers as a) knowing this and b) acting as transactional friction on frivolity then as emotionless negotiators after someone successfully presents as non-frivolous for a period of months.
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Insurance Industry Criticized for Opacity and Deliberate Complexity
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Me: Oh I wonder if you actually cover what I care about.
Warren Buffett: Well the contract is three pages and we show it to you upfront but if you have a question ask it to the licensed insurance salesman who will call you halfway through typing things into the website.
Me: Oh? -
ASML Reset Signals Growth Recovery for AI Hardware Sector
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This is the ‘reset’ ASML needed, say bulls Merrill Lynch’s Didier Scemama was among those cheering a “reset” for ASML, a report so bad, it confronted all the worst fears. Now, he argues, investors can look forward to higher growth for ASML’s revenue in 2025, when things bounce
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Investing vs Speculation: Understanding Real Asset Appreciation
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That’s not investing, it’s speculation People use the word “investing” causally. It actually refers to real asset appreciation. Most things people actually do with respect to securities and other vehicles are not investment, they are speculation, betting on a price move of an
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China’s Sanctions Impact on Nvidia: Long-Term U.S. Tech Strategy
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The drip, drip, drip of China’s sanctions hard to gauge for Nvidia I’ve been following the U.S. regulations regarding tech to China for years now. When I was at Barron’s, I predicted that restrictions on China were a lasting, long-term change in the U.S.’s stance — and I was
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Product Manager role mirrors reporter duties but earns significantly more
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See also the equilibrium which happens when all tech reporters get exposed to this conversation repeatedly: PM: I love your work!
Reporter: So what do you do all day?
PM: *explains*
Reporter: Wow that sounds like my job.
PM: In many respects?
Reporter: Do you earn $80k?
PM: LOL. -
Mergers Destroy Value Despite Synergy Optimization Efforts
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There is some empirical support for this claim too — e.g on average, mergers destroy value (i.e the value of the combined company is lower than the sum of the original companies). This is despite mergers being explicitly chosen for maximising synergies.