Developer and refugee from Reddit

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Joined 3 years ago
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Cake day: July 2nd, 2023

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  • I wonder what it’s like being an investor in one of these companies. You’re watching them shovel mountains of money into the AI furnace, with literally no profit to show for it, but the stock keeps going up. What’s your “get out before the whole thing collapses” number? I mean, there must be some voice at the back of your mind going, “This is unsustainable.”

    Tech bros and their sycophants have started saying things like “the old rules don’t apply anymore.” That also happened in 2007-2008. That also happened just before the dotcom bubble burst. That happens before every pie-in-the-sky idea that takes over the economy but has no actual plan for profitability finally burns out.

    So what’s your get-out number, investor guys?