“Property taxes, on the other hand…our property tax liability is already reduced by almost 50% because we’re over 55…” Don’t you live in CA? I must be missing something here because I don’t know of any such programs in the golden state.
Perhaps the actual “strategy” of Bitcoin treasury companies like Strategy is to find a backdoor into indexes? Still a small fraction of the bigger “haystack” but I do wonder about contagion should crypto go south at some point.
Rest in peace, Jonathan. Thank you for all the helpful advice over the years. You made a difference in the lives of many and I know my days just wouldn’t be quite the same without this wonderful community you created.
One thing I might add is that even if you plan to “do nothing” and “stay the course” in jittery markets, it is not always that easy. Sometimes you may face an unexpected quandary. Always a passive buy-and-hold investor, I lost my job in the spring of 2008 and had to roll my 401(k) balance into a self-directed rollover IRA. When it came time to set my asset allocation, I faced the question: “Should I hold off on stocks and stay conservative in this very jittery market?” I shrugged off that temptation and stayed heavily in stocks as I still had decades until retirement. Well, the bottom started to drop out of the market a few weeks later and continued to slide until April 2009. A total fiasco? In hindsight, absolutely not. If I had abandoned the market when I could have, my mindset likely would have prevented me from jumping back in for quite sometime. Time in the market is key. It all worked out well in the long run.
All well and good but large language models (LLMs) aren’t necessarily pulling from the relatively manicured gardens of information that statistical/actuarial models do. LLMs pull from sources like Reddit threads and other online content—which are often bastions of the “inferior human judgment” you referenced above. Hence my concern when you apply the term “superiority” to AI. Can AI be helpful? Yes. (Especially when trained on the appropriate content.) Is it superior? Well, query an LLM and check its referenced sources yourself.
Thank you, but “superiority” would imply that AI actually did that—and did that consistently. Maybe someday the word will apply, but Dennis merely raised an interesting situation where AI bested one urgent care PA.
Comments
Ah, Proposition 19. I see the logic now. Thanks!
Post: Discussing money matters with friends- a slippery slope
Link to comment from November 10, 2025
“Property taxes, on the other hand…our property tax liability is already reduced by almost 50% because we’re over 55…” Don’t you live in CA? I must be missing something here because I don’t know of any such programs in the golden state.
Post: Discussing money matters with friends- a slippery slope
Link to comment from November 8, 2025
Sudden Impact is the title of the fourth Dirty Harry movie.
Post: Make My Day Punk, Harvest the Bubble.
Link to comment from October 14, 2025
Perhaps the actual “strategy” of Bitcoin treasury companies like Strategy is to find a backdoor into indexes? Still a small fraction of the bigger “haystack” but I do wonder about contagion should crypto go south at some point.
Post: That Dumb Stock Market
Link to comment from October 12, 2025
Rest in peace, Jonathan. Thank you for all the helpful advice over the years. You made a difference in the lives of many and I know my days just wouldn’t be quite the same without this wonderful community you created.
Post: Farewell Friends
Link to comment from September 22, 2025
One thing I might add is that even if you plan to “do nothing” and “stay the course” in jittery markets, it is not always that easy. Sometimes you may face an unexpected quandary. Always a passive buy-and-hold investor, I lost my job in the spring of 2008 and had to roll my 401(k) balance into a self-directed rollover IRA. When it came time to set my asset allocation, I faced the question: “Should I hold off on stocks and stay conservative in this very jittery market?” I shrugged off that temptation and stayed heavily in stocks as I still had decades until retirement. Well, the bottom started to drop out of the market a few weeks later and continued to slide until April 2009. A total fiasco? In hindsight, absolutely not. If I had abandoned the market when I could have, my mindset likely would have prevented me from jumping back in for quite sometime. Time in the market is key. It all worked out well in the long run.
Post: Retired Investor vs Beginner Investor
Link to comment from September 13, 2025
All well and good but large language models (LLMs) aren’t necessarily pulling from the relatively manicured gardens of information that statistical/actuarial models do. LLMs pull from sources like Reddit threads and other online content—which are often bastions of the “inferior human judgment” you referenced above. Hence my concern when you apply the term “superiority” to AI. Can AI be helpful? Yes. (Especially when trained on the appropriate content.) Is it superior? Well, query an LLM and check its referenced sources yourself.
Post: AI vs. Urgent Care: Guess Who Got It Right?
Link to comment from August 29, 2025
Thank you, but “superiority” would imply that AI actually did that—and did that consistently. Maybe someday the word will apply, but Dennis merely raised an interesting situation where AI bested one urgent care PA.
Post: AI vs. Urgent Care: Guess Who Got It Right?
Link to comment from August 29, 2025
I’m confused. What “superiority of AI” are you referring to?
Post: AI vs. Urgent Care: Guess Who Got It Right?
Link to comment from August 29, 2025
He would say “don’t make it any more complicated than it is.” https://youtu.be/ETrZX5Ojx_E
Post: Hedge funds, venture capital. private equity, etc. in a 401k. BAD IDEA!
Link to comment from August 8, 2025