I work as a software engineer for a fortune top-500 company.
I get more upvotes on my tech content than my financial content. It’s probably because I have a degree in I.T. and I do not have a degree or certification in Finance(yet). Do not count anything I say regarding finance as financial advice. I am in my late 20s but have about 15 years of experience with stocks. Mostly from winning virtual stock trading competitions and because I find that crap interesting.
I cannot be held liable for any capital losses you may incur.
Yes, Opus 4.6 and Sonnet 4.6 are still Anthropic’s best chat models. They had more human evals and are still a joy to chat with. Opus 4.8 and Sonnet 5 by comparison have a cold enterprise feel. Opus 4.7 talks like I’d imagine a hitman would talk.
Sonnet 4.6 is better at writing good emails than Opus 4.8, Fable 5, and even Sonnet 5.
It’s unbearably slow, for sure. Not nearly as slow as Kimi K2.6 though. I’m trying to like 4.8 but I may go back to 4.6 again. Definitely won’t ever be using 4.7.
4.8 took a shortcut today. There was an error in my local LLM’s relay of thinking text. So it brilliantly decided to turn thinking off, neutering the model. Had to revert that nerf. That’s the same lazy behavior as 4.7. 4.6 would never.
> US tax authorities will be barred from pursuing claims against Donald Trump, his eldest sons and the Trump Organization under an agreement to halt the president’s $10bn lawsuit against the Internal Revenue Service.
> The pledge by the Department of Justice on Tuesday came a day after Trump agreed to settle his lawsuit against the IRS in exchange for the US government launching a $1.8bn fund for victims of alleged “lawfare”.
> A DoJ spokesperson told the FT that the decision to bar the IRS from pursuing claims against Trump was “only with respect to any existing audits”.
“There would be little point in settling several significant claims if either party could simply turn around and seek to initiate more adverse claims that could have been pursued previously,” added the spokesperson.
> Danny Werfel, an IRS commissioner under former president Joe Biden, noted, however, that he was “unaware of a single precedent where the IRS has agreed in advance to permanently forgo examination of previously filed tax returns for a specific person or business”.
First, what legal mistake did the IRS make that put them $1.8B to $10B in the wrong?
Second the article title is sensationalized and embellished. The article mentions only an exemption from past tax returns —- which have already been thoroughly examined with a fine toothed comb prior to Election Day.
During Presidential election season, this was healthy journalism because it helped make more informed voters, but at this point it’s just unhealthy harassment over a past settled case. If there was something to find, it would’ve already been found by now. Unless there’s something new, leave bro alone so he can do the job America democratically and dutifully elected him to do.
A monopoly with lower profits threatens competitor. I mean, since you can write any law, just nationalize every wealthy company while you’re at it. What’s the worse the targeted company will do, sue?
Perhaps the solution is to not let nudes cause damage. As an example, look at how Amazon founder Jeff Bezos treated the situation when a nude was lifted off of his phone by a middle eastern hacker. His response was: “So what?”. We’re in the Age of AI so it’s okay to not be prude Victorian-aged puritans over naked bodies.
Sergey Brin and Larry Page together own 14% of Alphabet’s shares but own 56% of Alphabet’s voting rights because the shares they own are mostly non-public preferred shares. Since they own more than 51% of the voting rights, GOOGL shares don’t carry a meaningful premium over GOOG. Today, the premium is only between $2 and $3.
To elaborate further the justification for this discrepancy for anyone who likes reading:
Stocks are ultimately worth a function of 4 things:
1) The value of their future dividends,
2) The value of their future stock buybacks,
3) The value of remaining book assets at company liquidation/bankruptcy,
or 4) the value per share everyone will receive if the company is bought out.
People can invest for non-monetary reasons: for example wanting to invest in Tesla because they just want electric cars to be a thing or investing in Google because they just love certain aspects of the company. However, at late-stage investing, investments are based on fiduciary incentives from these 4 returns of capital. Absent those 4 methods of returning capital, stock investing is a pyramid scheme.
Amazon shareholders can eventually collude together to vote for more returns of capital if they ever stop believing in Jeff Bezos’s above average performance in returning increasingly higher amounts of free cash flow. This is about as likely as it is for Buffet’s BRK.A/BRK.B (highly unlikely due to his high profile but not impossible if everything were to go south).
A buyout of Alphabet is unlikely at this point because only 3 companies have a higher market cap now. Tech companies don’t have much book value to liquidate. They can potentially choose to not to ever give a dividend and they can keep doing share buybacks in joke quantities —- and pension funds can’t potentially vote to change that.
This is my theory for these stock performance discrepancies and I’d be happy to hear others thoughts on this.
There was a time when GOOGL was $900 and AMZN was $900. Look at where their share prices are now. $1182 and $1791. One of them underperformed the other.
> We have 3 classes of stock: Class A shares which have 1 vote, class B shares, which have 20 votes, and class C shares which have 20 votes. All classes vote alongside each other.
I wouldn’t consider being an investor in this company unless class B or C shares are publicly traded. Just look at the underperformance of GOOGL, SNAP, and SQ for reasons why not to be an investor here.
I get more upvotes on my tech content than my financial content. It’s probably because I have a degree in I.T. and I do not have a degree or certification in Finance(yet). Do not count anything I say regarding finance as financial advice. I am in my late 20s but have about 15 years of experience with stocks. Mostly from winning virtual stock trading competitions and because I find that crap interesting.
I cannot be held liable for any capital losses you may incur.