|
yuck, all yuck
|
#
?
Apr 26, 2023 10:57
|
|
|
|
| # ? Apr 29, 2024 09:59 |
|
|
fart simpson posted:idk how robust this analogy is that im coming up with on the spot, but you can collect bottles of wine with the intent to sell them for more than you bought them for, and some people do exactly that. but that's not why the wine industry exists. if you couldnt drink it then that whole wine collectors market wouldnt really exist counterpoint : funkopops
|
|
#
?
Apr 26, 2023 11:07
|
|
|
echinopsis posted:counterpoint : funkopops the real counterpoint is shitcoins. powerful 2 hander is basically claiming that all stonks are shitcoins. but theyre not
|
|
#
?
Apr 26, 2023 11:08
|
|
|
fart simpson posted:the real counterpoint is shitcoins. powerful 2 hander is basically claiming that all stonks are shitcoins. but theyre not I am absolutely not claiming that. A normal stock is a value of future cash flows in the form of dividends (discounted Vs what you could get in bonds/interest) and assets you nominally own a share of. but you can also have stocks that pay no dividend because a) they have no money to pay out so you're really "betting" on a recovery or they have a plan that is gonna work (and they don't get bought by private equity or whatever) or b) those assets are growing anyway so your nominal piece of that pie is growing in value and you don't care because the share price goes up. if the price is completely detached from those things* then you've got some idk enthusiasm premium or you're in a bubble and people are believing hype like "yes yes we lose money but we make it up in volume, the fart app market potential is huge!" Or "yes we sell bad cars that catch fire but according to our calculations in future we will sell 9 billion cybertrucks to martians and therefore" just because it *can* be completely valid doesn't mean it always is *on a given day there will still be a spread because of general trading, news that might impact the future cash flow to grow those assets etc etc so there can be variation from crude assets/number of outstanding shares = share price Powerful Two-Hander fucked around with this message at 11:16 on Apr 26, 2023 |
|
#
?
Apr 26, 2023 11:14
|
|
|
Shame Boy posted:my theory explains market behavior better than anyone who has ever won a "nobel" ""prize"" in economics economists shamelessly fabricated the ""nobel" prize" in economics
|
|
#
?
Apr 26, 2023 11:18
|
|
|
Powerful Two-Hander posted:I am absolutely not claiming that. A normal stock is a value of future cash flows in the form of dividends (discounted Vs what you could get in bonds/interest) and assets you nominally own a share of. but you can also have stocks that pay no dividend because a) they have no money to pay out so you're really "betting" on a recovery or they have a plan that is gonna work (and they don't get bought by private equity or whatever) or b) those assets are growing anyway so your nominal piece of that pie is growing in value and you don't care because the share price goes up. yeah but the point of apple stocks going up is that eventually as a shareholder you get a portion of their profits, which youre expecting will be a lot. individual people might just be in it to speculate but thats not why it exists in general
|
|
#
?
Apr 26, 2023 11:26
|
|
|
i didnt read up on any of this but i think before words like dividend and stock existed in actual law, you probably had people investing in companies with the expectation of some future gain (and being able to have a say in the decisions the company takes too) even the nobles who supported artists expected to get pieces of art out of it so probably the idea of buying a stock just to have a stock could only exist thanks to a legal framework situation where buying stocks with the intent to profit either by dividends or some other way is the norm like the wine collectors analogy mentioned above kind of
|
|
#
?
Apr 26, 2023 11:44
|
|
|
none of this should exist i will not be taking any questions thank you for your time
|
|
#
?
Apr 26, 2023 11:51
|
|
|
fart simpson posted:yeah but the point of apple stocks going up is that eventually as a shareholder you get a portion of their profits, which youre expecting will be a lot. individual people might just be in it to speculate but thats not why it exists in general you can transfer those shares. you're not like "oh I guess I'll sit here until they pay out" you cash out by transferring that % to someone else, or you hold it forever or until idk apple somehow manages to implode or their money becomes "away from them"
|
|
#
?
Apr 26, 2023 12:09
|
|
|
Powerful Two-Hander posted:you can transfer those shares. you're not like "oh I guess I'll sit here until they pay out" you cash out by transferring that % to someone else, or you hold it forever or until idk apple somehow manages to implode or their money becomes "away from them" that doesn’t change anything that im talking about
|
|
#
?
Apr 26, 2023 12:19
|
|
|
the thing I take issue with is not whether buybacks or dividends are bad or worth it, but that of what you’re doing is a massive layoff then huge buybacks worth more than the layoffs, you’re a god drat asswipe, and it’s the usual pattern of extracting the livelihood out of employees (which the board apparently approved and said “yes great idea let’s stockpile more, this has nothing to do with being a work from home pandemic”) and turning it into profits to an investor class. absolute lack of foresight by the deciders, and they run away with all the money regardless.
|
|
#
?
Apr 26, 2023 12:25
|
|
|
yeah, not like there is a *good* way to throw piles of money on shareholders while firing people.
|
|
#
?
Apr 26, 2023 12:28
|
|
|
fart simpson posted:that doesn’t change anything that im talking about I don't even know what you're talking about you weren't even the original person I replied to
|
|
#
?
Apr 26, 2023 12:29
|
|
|
bob dobbs is dead posted:banning returning cash to shareholders (so both dividends and buybacks and whatever else) in a way that actually gets believed makes net present value of all shares 0, you understand that you also said the contagion from the svb collapse was going to crater the global economy, so idk.
|
|
#
?
Apr 26, 2023 12:38
|
|
|
Powerful Two-Hander posted:I don't even know what you're talking about you weren't even the original person I replied to ok then it doesn’t change anything the guy you were replying to was saying
|
|
#
?
Apr 26, 2023 12:39
|
|
|
fart simpson posted:ok then it doesn’t change anything the guy you were replying to was saying which was "why would you buy a stock that doesn't pay any dividend" and which there is an answer for
|
|
#
?
Apr 26, 2023 12:59
|
|
|
please just kiss and make up
|
|
#
?
Apr 26, 2023 13:35
|
|
|
fart simpson I love you
|
|
#
?
Apr 26, 2023 13:37
|
|
|
tech babble: https://www.bbc.co.uk/news/entertainment-arts-65378617
|
|
#
?
Apr 26, 2023 14:01
|
|
|
now i wont be able to play call of duty in the uk, frick
|
|
#
?
Apr 26, 2023 14:02
|
|
|
quote:"The CMA's report contradicts the ambitions of the UK to become an attractive country to build technology businesses," a spokesperson for Activision said. i know that just comes from a box of canned responses they open up whenever anything doesn't go their way but i love the argument that if you don't let this 60 billion dollar merger happen it'll be so discouraging to those poor lil' mom and pop videogame companies e: lmao so much whining quote:"The report's conclusions are a disservice to UK citizens, who face increasingly dire economic prospects. We will reassess our growth plans for the UK. Global innovators large and small will take note that - despite all its rhetoric - the UK is clearly closed for business." Shame Boy fucked around with this message at 14:33 on Apr 26, 2023 |
|
#
?
Apr 26, 2023 14:30
|
|
|
Shame Boy posted:i know that just comes from a box of canned responses they open up whenever anything doesn't go their way but i love the argument that if you don't let this 60 billion dollar merger happen it'll be so discouraging to those poor lil' mom and pop videogame companies ironically the converse is also kind of bizarre, where if you let this merger happen it'll be so discouraging to those poor lil' mom and pop videogame companies
|
|
#
?
Apr 26, 2023 14:32
|
|
|
ADINSX posted:Money is about as old as civilization and predates capitalism. You can acknowledge it exists and still believe it should be distributed more fairly It only exists because people agree that it does DELETE CASCADE posted:money is a social construct pseudorandom name posted:debt is as old as civilization and predates capitalism, but money is a much more recent invention than civilization
|
|
#
?
Apr 26, 2023 15:09
|
|
|
money and debt are for sure more artificial than ownership shares in actual enterprises. if we're picturing the death of capitalism i doubt money would fully go away, but if it did it'd happen before the idea of owning part of an organized human effort did e: not *private* ownership then ofc
|
|
#
?
Apr 26, 2023 15:18
|
|
|
I guess it's nice that these regulators didn't fall for the obvious "oh but we'll still keep selling calloduty" distraction
|
|
#
?
Apr 26, 2023 15:29
|
|
|
fyi capitalism doesn't own the concepts of money, markets, investment and debt, it means the concerns of the owners of capital are the primary force for setting economic laws and policy.
|
|
#
?
Apr 26, 2023 15:31
|
|
|
infernal machines posted:you also said the contagion from the svb collapse was going to crater the global economy, so idk. i said it was gonna be a slow domino effect taking 2 yearsish. the 2008 thing took 4 years to play out the majority of it credit suisse was real fast but frc is dying fairly slow. etc etc bob dobbs is dead fucked around with this message at 15:41 on Apr 26, 2023 |
|
#
?
Apr 26, 2023 15:38
|
|
|
qirex posted:fyi capitalism doesn't own the concepts of money, markets, investment and debt, it means the concerns of the owners of capital are the primary force for setting economic laws and policy. yeah, it is entirely too common for people to conflate the concept of an economy with capitalism. one of my college profs called this "capitalist correctness"
|
|
#
?
Apr 26, 2023 15:46
|
|
|
Improbable Lobster posted:yeah, it is entirely too common for people to conflate the concept of an economy with capitalism. one of my college profs called this "capitalist correctness"
|
|
#
?
Apr 26, 2023 16:00
|
|
|
okay i've made my case that adding chat AI to everything at work is a terrible idea, management still seems to think that escaping prompts is something that can be solved just by "training it better" so i'm just gonna post the "unreliable data -> infallible results" png and wash my hands of this bullshit
|
|
#
?
Apr 26, 2023 16:19
|
|
|
lmao let's ask it to write all our documentation from now on, great idea, fantastic
|
|
#
?
Apr 26, 2023 16:23
|
|
|
i absolutely cannot wait for marketers to master the art of poisoning the data scraped from web pages so that all the llm-wrapper software floating around is poised to launch into a screed about amazing deals on penis pills or totinos pizza rolls whenever they see a mildly unusual word
|
|
#
?
Apr 26, 2023 16:29
|
|
|
Internet Janitor posted:i absolutely cannot wait for marketers to master the art of poisoning the data scraped from web pages so that all the llm-wrapper software floating around is poised to launch into a screed about amazing deals on penis pills or totinos pizza rolls whenever they see a mildly unusual word
|
|
#
?
Apr 26, 2023 16:33
|
|
|
traditionally the hopeful rubes were mostly customers, wasting their money on crap that doesn't work as advertised in some ways it's a lot worse when the hopeful rubes are megacorps with services that are functionally irreplaceable, setting their existing product lines on fire to juice the next quarter's earnings when entire governments are the hopeful rubes we're really hosed which is to say, we're really hosed
|
|
#
?
Apr 26, 2023 16:47
|
|
|
https://www.youtube.com/watch?v=BZJIpTIPnRs
|
|
#
?
Apr 26, 2023 16:48
|
|
|
i don't think the stakes are that high is the thing. it may be dumb, but the way it is rolled out kind of prevents it from being a huge issue (e.g. paying for openai api calls is not going to bankrupt anyone, except possibly openai) one doesn't have to be happy about it, but it seems pretty easy to lol at to me
|
|
#
?
Apr 26, 2023 16:49
|
|
|
the margins are not good enough to be magic beans mcdonalds is a terrible company in many ways but they are not fraudulent. pay a dollar whatever, get a hamburger. margins completely comparable to mcdonalds
|
|
#
?
Apr 26, 2023 16:54
|
|
|
literally can't remember the last time anything at mcds was a dollar
|
|
#
?
Apr 26, 2023 16:55
|
|
|
congress-critters are openly fiddling with using chatgpt to summarize and compose bills megacorps are openly dumping their crm corpuses into chatgpt without thinking very hard about the implications of giving PII to a third party with zero regard for privacy or stewardship there are very bad things happening already which do not require you to personally make poor decisions about this technology, but which nonetheless may have a significant impact on your life
|
|
#
?
Apr 26, 2023 16:58
|
|
|
|
| # ? Apr 29, 2024 09:59 |
|
|
a packet of ketchup, maybe
|
|
#
?
Apr 26, 2023 16:59
|
|
