ARC has already become a mediocre benchmark (the lack of attention tells you this is probably the general consensus). Yes there will be ARC 3 but it is now just looking closer to OpenAI Gym so not particularly ground breaking. The creator is also kind of arrogant, greatly Google biased and has gone down the Gary Marcus route of being a critique of current AI systems rather than a real contributor, while it has clearly surpassed expectations since reasoning models became a thing that has not been properly acknowledged.
An example that you should not appeal to authority as authority is not always correct and can even be often wrong unless proven otherwise.
I didn't invest and generally avoid anything other than s&p500, ftse 100 and just letting money compound over time (because if I wanted to really gamble I would go Las Vegas) but I wonder how many 'ordinary' people are silently getting burned out there by how much hype there is now online.
Huge numbers based on the forum posts on my investment app. Literally Christmas for companies offering long leverage and CFD products. A few “survivorship bias” type people managed to put in a short at the $120 top of silver and accidentally made a killing and this weekend will be believing they are prophetic genii.
Unless you are talking about owning a casino, I can't think of any interpretation of what you are saying that is true. Index funds have a long history of steady growth. Las Vegas businesses make their profits off of the reliable losses of their customers.
I don't like your non-genuine engagement with this conversation. You've made outrageous claims, backed up with no data, and then seemingly pre-emptively linked to a page about trolling by asking for evidence. Well I'll ask you for evidence anyways lol. And I'll also give some that points against your outrageous claims: Retail investment in the stock market is at all time highs [1], and the percentage of investment in passive indices is also at an all time high [2]. It is _possible_ that retail investors are perversely fighting the trends and increasing their investments primarily by engaging in day-trade-esque behavior, but that would surprise me. Especially given that retirement accounts strongly encourage funds. I'd love to see some data pointing definitively either way though.
>You've made outrageous claims, backed up with no data
In general, over the long term most amateurs do better investing in real-estate rather than the stock market. This is a well proven fact true for over a century, and making it some sort of personal argument is bizarre behavior.
You can spend 30 seconds looking it up, or continue to shovel your BS. =3
By creating 'rules' for social media based on what's good and bad instead of banning it altogether you end up creating loopholes instead. Even in the case we instead first discuss what is "ass" we will probably end up having a debate instead of getting anything done for another 10 years. I'm on team, just get shit done.
This is generally how it is. For the entry level market you have a realistic choice of 5 companies like Barclays, BT, Amazon, SKY for limited positions while competing against the world for them. A fresh linkedin job post for tech even for no-name companies gets a 100+ applicants in under an hour starting at 30k salaries. I'm not even sure which startups are hiring graduates except maybe from Oxbridge. It is obvious a lot of people commenting particularly in this thread are ultra-privileged expats where "London" is just zone 1 for them and are well connected in the industry. They probably don't even know what Morley's is. Living costs along with the high tax rates alone will eat up your income and I know British people who work in international bank's at senior positions complaining about these things and about mass immigration all the time.
This is the way I see it. A lot of people can already be replaced or should be doing entirely different work to boost productivity. It is going to be a battle between people fighting for inertia and those that are looking to be ahead of the curve.
If it wasn't for an ageing society we would probably be seeing things move along faster but people have children to raise and mortgages to pay so we will see more inertia for now.
Life is messy, almost no one plans for these things to happen like a cartoon villain. Once you accept imperfection from yourself and others and appreciate and make the most of all the different turns of life you enjoy life a lot more.
An example that you should not appeal to authority as authority is not always correct and can even be often wrong unless proven otherwise.
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