Recent content by Willy

Don’t you just feel terrible for them.

This is a few years old, but relevant. I’m always wary of anything that uses averages (or totals) when you have big outliers (such as the ultra wealthy). Albeit, not sure if the study accounts for NPV of pensions which would be a big advantage for boomers...

yeah, I’m curious at how much of this was driven by the ultra wealthy being older. I’m not sure there is a growing divide between the wealth of the median boomer and median millennial, but there certain is a growing divide between the ultra wealthy and everyone else, and the ultra wealthy are an...

Here’s how I view it. My career will likely be automated within 10 years, before I’m 50. I hedge against that automation partially by investing in industries that will benefit by said automation. I lose my career but my investments do well. The downside risk is that AI automates white collar...

I’ve thought for a while that all of the discussion about NIL and revenue sharing and UNC in the SEC is moot, because higher education is about to be made obsolete. At least, in its present iteration.

The entire administration is a textbook example of the Peter Principle. The county is being run by people that would be better suited running a $3MM revenue micro brewery.

I’m skeptical that we will see inflation anything close to what we saw after COVID, but assuming we do see elevated inflation, it will be interesting to see where capital flows. Clearly, cash is bad during high inflation. Having debt isn’t necessarily a bad thing, as long as you can service it...

Looks like a bot profile from the profile pic.

Not a doctor and don’t know the specifics of the GT players, but my assumption is that some young deaths (non gun, drug or car related)are simply random, colon cancer issues are tied to increasingly poor diets and lack of fiber, and some heart issues may be tied to prior COVID infections which...

In terms of AI adoption and resulting layoffs, it seems to me that you need to bifurcate white collar jobs into two categories: agile industries that can move quickly (e.g. tech) and industries that cannot move quickly (e.g. banking), whether due to regulations, legacy tech stack, etc. It...

“Then the coal company came with the world’s largest shovel, they tortured the timber and stripped all the land. Well they dug for their coal until the land was forsaken, and they wrote it all down as the progress of man.” - John Prine.

I feel like we are all dead men walking at this point, with respect to our careers. In 200 years, if we are still around, we will have probably figured it out, and I doubt money, ownership of real estate, etc. will still exist. But the question is - how do we get there? The next few decades will...

I’m not sure following Hubert would be an issue because of Hubert’s success (or lack thereof), but this is clearly a divisive issue. If Hubert were to be fired, it will be even more divisive, not only with fans, but former players, gatekeepers, boosters, etc. In that sense, following Hubert may...

I don’t disagree with any of this, but I’ll add that this isn’t ultimately a “rich person” issue - it’s a people issue. Deep down a decent percentage of all people are shitty and have no empathy for others. The only difference between the elite and your typical Walmart customer is opportunity.

I feel like the market realized yesterday the unresolvable contradiction with valuations. > If AI is overhyped, equities are massively overvalued (needs no explanation). Not to mention the data center debt time bomb.. > Otherwise, if AI is not overhyped, once these efficiencies are realized the...