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Isn’t it what they call Recursive Self-Investment?
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Recursive self-investment. Can't believe we didn't come up with this phrase earlier
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Truly bootstrapped…
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Circular financing and various forms of booking sales ahead of or for future delivery are things that have caught up with other companies in the past and/or were straight-up SEC violations. Enron is an example.

Does Jensen's replacement have the industry connections, clout (or bully factor depending on perspective) and appetite to continue the circular financing? Its the CFO I think that is replacing him and they may have objected to these things all along and might have been over-ruled.

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>Circular financing and various forms of booking sales ahead of or for future delivery are things that have caught up with other companies in the past and/or were straight-up SEC violations. Enron is an example.

But circular financing isn't illegal, unlike all the other things you listed

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Yeah doesn't seem like news. More of a case of when than if.
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In the words of Keynes, "The market can stay irrational longer than you can stay solvent.”

A crash (or at least notable correction) is coming but I sure as hell couldn’t time when.

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Yeah, and also the similar quote that being early is just as bad as being wrong.
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Could be worse when near term cash is paying 5% and TIPS are paying 2.5-3%.

As they say, when you’ve won the game, it’s best to stop playing.

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A failed anthropic IPO could be a trigger, a lot is riding on the imaginary valuations of anthropic and openai.
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HN has been talking about a crash for almost as long as Dario has been saying white collar jobs will be gone in 6 months and Sam has been saying they’re 6 months away from AGI.

At this point we may literally get commercial nuclear fusion power (which has been “30 years away” for the last 60 years) before any of the other things happen.

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Yeah it's pretty odd for me -- I was thoroughly convinced post-QE (~2009-2011) that we were just putting off the inevitable market downturn inherent to capitalism. It was simple and clear: debt was skyrocketing, the underlying economy wasn't changing noticeably other than the arrival of gig workers, and Wallstreet was more greedy and speculative than ever before.

Luckily/sadly, it seems there are more things in heaven and earth than are dreamt of in my media... and all that was pre singularity.

Oh huh just noticed that bit of your post. Uhh I have news you might not like: they announced AGI months ago. You should check it out. It's pretty wild.

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At a certain point the entire economy is a cycle. These are like the....epicycles.

(...The design hack to make the geocentric models work. Maybe it's also a metaphor...)

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People should put money at stake on their idle speculations instead of being another doomer posting consequence-free wishful bias confirmations, hoping AI will fail and leave them be at their now-pointless jobs. This is also why prediction markets are useful signal, which I'm sure is another topic that rustles your jimmies. https://polymarket.com/event/ai-bubble-burst-by
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hey c'mon, there's no need for that kind of language. it's called 'recursive financing'
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