We are being A/B tested into a world of commoditized content. Things look the same and sound the same because they basically are the same. It’s digital déjà vu on a massive scale and it’s only going to get worse. I promise you that all those stories about young millionaires and overnight crypto fortunes are not meant to make you feel good. They are meant to create anxiety. It’s no wonder why we’ve seen a rise in financial nihilism among young people. When the mainstream media convinces you that you are doing badly financially, you may come to believe it. Of course, there are some people that are truly struggling, but there are far more who are influenced to think they are.
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Over the past two years, reality has looked nothing like the theories found in economics textbooks. The uncomfortable truth is that no one really knows how interest rates work or even whether they work at all—not the experts who study them, the investors who track them, or the officials who set them.
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Generative AI is peaking, if it hasn’t already peaked. It cannot do much more than it is currently doing, other than doing more of it faster with some new inputs. It isn’t getting much more efficient. Generative AI is not going to become AGI, nor will it become the kind of artificial intelligence you’ve seen in science fiction.
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Greed, in all of its forms — greed for life, for money, for love, for knowledge — has marked the upward surge of mankind. There is never enough life, enough love, enough knowledge, enough money, and don’t let anyone tell you otherwise. That’s the leper’s bell of a second-rate intellect approaching. Don’t ever let anyone tell you should be satisfied with what you have, at any age or stage of your life. If you’re not going forward, if you’re not constantly challenging yourself, you’re going backwards. Never get comfortable. Never get complacent. And the most important decision you will ever make in your life is what to do with the next 24 hours.
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A visual walk-through of how GPS satellites work and why U.S. satellites could be in trouble.
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Americans have a lot of home equity:
U.S. stocks have destroyed foreign market over the last 16 years and that trend has continued in 2024. If you look at 1900 through 2010, the U.S. and the rest of the world were essentially equal in percentage returns (with rotating cycles where one would outperform the other). Is it time for the rest of the world to catch up?
The Shiller price to earnings ratio has crossed back above 36 for U.S. stocks. Stocks are considered more expensive when this number moves higher (you are paying a higher price for company’s earnings). The market is closing in on the 2021 bubble peak of 38 and the all-time bubble peak of 44 back in March of 2000.
Tuna Thoughts 