Comments by "Maxwell Benz" (@Tential1) on "Wall Street Millennial"
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@precooked-bacon like I'll give an example. Disney will say a movie is budgeted for 150M. The media will then hear this, and say the movie cost 150M. But that was just the budget. They also spend 150M on marketing. Then, another 100M on reshoots. Months later, if they shoot the movie in the uk, we then get their tax filing, and see they spent 400M. But they media reported the 150M budget as cost. What you're seeing here, isn't the full training cost. It's a subset of the training cost.
And again, none of this is remotely close to the end game of what's being achieved anyway. We're still trillions of dollars of ai compute away from that. Even if you were ignorant enough to think they magically reduced training costs by half or something, it wouldn't change anything. We're still so far away from end game, it's like worrying who's in the lead, 5m in to a 1500m race. It's stupid.
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The thing you're not understanding is, the current ideology is, rich people cheated, no matter what, to get rich. Therefore, you can cheat them back. And contractors get a bad wrap by this class of people as they're seen as ripping them off on home repairs, and for some reason they're sometimes viewed as the rich, but also looked down on, so screwing them over is OK, because they screw people over. I've worked construction, as an accountant, but at a small place where I was actually out on job sites regularly. Home owners have a huge hidden disdain for contractors. I kind of understand it, sometimes it seems like everyone is standing around and nothing is getting done, but you're sometimes just waiting on one last thing you absolutely need, and it just makes things take long. Sometimes, I will admit though ... It's boys being boys.... Lol. But when you take into account everything that's done actually, there's not some insane profit.
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@boldCactuslad you have to understand, they don't care about the truth. Just a gotcha. Even when proven wrong, they don't care. It's why I stopped following them. Because, if you trade stocks, you need to know the truth. And Trump, he does something to them, where they can't think rationally. It used to happen to me, but, after they were wrong about the world collapsing 10 times in a row I decided to not follow them. But, other people, they can't let go. They'd rather believe, he's stupid. Something I notice with them is, they really hate accomplished people. Any accomplishment is written off. The only thing they seem to care about is your education achievement, and how virtuous you are, under their weird morality system. That's it. If Elon musk today, invented a new company, from the ground up, live streamed everything, proved he did all of the key work, they'd still make an excuse as to how he's the biggest fraud ever. They have a very good academic sounding narrative to cover up what's honestly just idiocy.
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@antoniofernandesmarchetti1097 so you're OK with setting a precedent that you can sign a contract, and be paid something, then later, a judge says, nah not fair and takes the money away. You're happy it's happening to a billionaire you don't like, but did you ever consider, that's why they chose him first? Next, it will be taking away pay from executives, and you'll cheer that. Finally, it will be you the worker, where the law was always intended to hit. And they will retroactively take back your pay. You're short sighted.
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@samsonsoturian6013 it wasn't even close. Maybe to you, a person who reads headlines. It's literally my job to do this. There are tons of companies in worse financial conditions still operating. The metrics you guys use to determine a company being close to bankruptcy is not how any of this works.... I get the confusion, if I was you, I'd believe it to. That's why Elon musk himself said Tesla was near bankruptcy. Except, Elon lies all the time. Why did you think this was any different? This was just a free press move. Amd was in a worse situation before they released their zen processors, and people said they'd go bankrupt for years. People don't understand how easy it is to refinance and Raise capital, because you never been in situations where people just throw millions or billions at you. Once you actually live in this world where billions of dollars are available to you to raise capital from, you just realize how stupid such an idea is. The amounts of methods of raising money available to you, from your perspective, of course he could go bankrupt. From our perspective in the industry? I mean we have billions of dollars of capital coming through our doors every day... Elon could have raised a 100B if he wanted.... There's literally way more dollars out there, sitting around, than you can possibly understand, unless you actually do this.
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Depends on your objective. I think he believe this stuff. But even if you don't. It's beneficial to hold left wing views. Or it was. Imo, you'll see a shift. A lot of people just hold the winning ideology. I don't think left wing views will be the prevailing ideology, due to academics predicting too many things with certainty, only to be proven wrong. Like, this tariff situation, freaking out, when this is always a negotiating tactic our leaders use, only to have the whole thing resolved in 24 hours, doesn't play well to the public. A lot of these academic types don't understand that what they learned in school, was just someone's opinion. It took me a long time to trade profitably, and the one thing I had to do was question every single thing I learned in school. Lots of ideas are actually idiotic. Others, people employ, not understanding it's far more complex.
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You have tesla without Elon musk. It's called rivian. Lucid. Lol.
Ignore the stock price, we don't care. It's profits. It's the only profitable ev company.... So, unless someone else makes a profitable ev company, you saying get rid of the only person who successfully turned an ev company profitable is wild... What accomplishments do you have? Did you ever even raise money and play? Like, if you even played, and failed, I could respect you. But you all have never even played. You have no idea. All you do is look at stock price or outlandish comments. Dude, we are looking at the FINANCIALS. Why do you think he keeps getting more money? That's what we do. We evaluate financials. We don't care who you are. We fund insane people ALL THE TIME. All we look at is your financial performance. Nothing else. This is why I work in this industry because anywhere else, I have to wear a suit, be presentable, whatever. Here? If I win, they don't care what I do. You can be as weird as you want. As long as you're a winner, they just give you money.
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