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points by necovek 3 days ago | 0 comments

People participate in betting and chance games even if the odds are against them.

Sometimes, there is no logic behind what people do, ultimately hoping to strike gold once while wasting money otherwise.

[–] extraextra 3 days ago

If that's your interpretation of things, that there is no logic behind some of the smartest people in the world throwing tens of billions at Anthropic with no logic behind it, I have no further comments

[–] necovek 2 days ago

A general statement I made is mostly to refute that people invest exclusively when the data is clearly supporting that investment with guaranteed returns: basically, the fact that people will buy does not mean that they have guaranteed returns.

Some might be looking to capitalize early and exit quickly; some are creating demand because they have other drivers in their portfolio (eg. Nvidia or Micron); some might really believe in the company; and some might be gambling with their disposable investment money for their high-risk/high-gain part of portfolio.

[–] extraextra 1 day ago

Well, you're not refuting anything because no one claimed "that people invest exclusively when the data is clearly supporting that investment with guaranteed returns."

What you're attempting to do is called the straw man fallacy and it's a cheap shot.