swexbe

letzten Monatdiscuss

Anyone who's credit rating is bad enough to not be able to get a credit card.

vor 4 Monatendiscuss

VC money bailing out other VCs. A tale as old as time.

vor 4 Monatendiscuss

Customers come back to Netflix since they have the best content out of all the streaming providers. This is their moat.

ChatGPT, on the other hand, is literally exactly identical to their competitors for the most common use cases.

swexbe

vor 4 Monatendiscuss

OpenAIs investors can look forward to having an operating margin as impressive as the company that produces Band-Aid

swexbe

vor 4 Monatendiscuss

Stickyness absolutely helps. But it won't get you anywhere close to a MAG7 operating margin. I think we are already seeing the start of price wars. I cancelled my ChatGPT subscription once i realized Gemini Pro was included in my Google Workspace and never looked back for a second.

swexbe

vor 5 Monatendiscuss

Does this matter if a 2 person startup can blow them away on price?

swexbe

vor 5 Monatendiscuss

...if it works.

swexbe

vor 5 Monatendiscuss

Muddying the water to make it seem deep.

swexbe

vor 5 Monatendiscuss

Except resources won't be plentiful for a long while since AI is only impacting the service sector. You can't eat a service, you can't live in one. SAAS will get very cheap though...

swexbe

vor 5 Monatendiscuss

They are not free, they are paid for by taxes. And in pretty much all countries, irrespective of funding model, these services have increased in price much faster than general inflation. This is the Baumol effect in action.

swexbe

vor 6 Monatendiscuss

> indicies that usually do not perform that well

MSCI EM has outperformed MSCI US since it's inception in 2001 if you look at total return.

swexbe

vor 6 Monatendiscuss

When you take depreciation into account, it's probably less profitable than a government bond.

swexbe

vor 7 Monatendiscuss

I wish I could use Mullvad. But their IPs are banned from many streaming services and they don't change them often enough so I am stuck with Nord.

swexbe

vor 7 Monatendiscuss

Most investors have more money invested in their house than stocks.

swexbe

vor 7 Monatendiscuss

weird flex

swexbe

vor 7 Monatendiscuss

Despite

swexbe

vor 7 Monatendiscuss

...and a decade later they were close to bankruptcy.

swexbe

vor 7 Monatendiscuss

All chat apps look exactly the same and have exactly the same features. The friction is basically non-existent compared to email services, social media, web browsers, &c.

swexbe

vor 7 Monatendiscuss

Just like no one normal would ever switch from internet explorer?

swexbe

vor 9 Monatendiscuss

What are you talking about? It's trading at 55x EPS and 41x forward EPS.

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Private Equity's Giant Software Bet Has Been Upended by AI

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