intuitionist

Oracle’s customers/counterparties aren’t really at risk of becoming unsecured creditors in a bankruptcy situation though, so there’s no contagion risk, so “too big to fail” does not mean what it means when you’re talking about a systemically important financial institution.

As long as you have an accurate sense of the intrinsic value of your shares at any given time; there is a price at which buybacks destroy more value for continuing shareholders than they would lose to taxes on dividends.

Yeah this is a garden path headline if I’ve ever seen one

3% real return is… pretty pessimistic. You can about get that on long TIPS.

Nowadays the proof of resolution of singularities in characteristic zero is considered something you can teach in an intro algebraic geometry course, though. The concepts have been absorbed and are now much better understood. 4CT is very different because so much of it is exhaustive case analysis; you can understand the high-level ideas of the proof as a bright undergraduate, but you still can’t check the cases by hand

This isn’t true of the Medicare for All Act, for what it’s worth. That would ban private insurance altogether. Personally I think that’s a bug, not a feature, but if you’re very concerned with fairness then you probably think the opposite.

The private option is medical tourism to Buffalo or whatever.

The Blog after just looks like a Substack post.

The people you’re talking to don’t understand why you would ever want to have the Wrong Kind of Person around an institution as sacred as the university

“Don’t Look Up” stripped of entertainment was just “Don’t Look Up”

Having a prime factor greater than 2^32 accounts for about 80% of the 64-bit integers that can’t be expressed as a product of 32-bit integers. But it’s not the only way; you can also have three prime factors in the range (2^16, 2^32), for instance.

Do you have a reference here, or are you just going to continue to baldly state it as a fact? I’m looking at “Attention is All You Need” and don’t see any grant numbers or anything like that.

Worth also pointing out though that if you can sell new shares above intrinsic value that is accretive to existing shareholders. Dilution isn’t always a bad word. (It’s bad for the people buying new shares.)

ChatGPT isn’t literally or figuratively cutting off anybody’s limbs though. It’s more like, the guy on the assembly line had a mech suit, and now he doesn’t have a mech suit, and he’s sad. Skill atrophy is a real concern but unless you assume that nobody is working to maintain those skills it doesn’t change my analysis much.

I am not a Marxian economic expert but this doesn’t make sense to me. Modulo skill atrophy, the big AI model provider can’t capture that surplus value because its customers can just go back to bidding for human labor instead.