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naraburns  nihil supernum  1yr ago (text post)   3576 thread views

Small-Scale Question Sunday for December 4, 2022

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Any thoughts on what stock one ought to buy right now, as someone whose gradual getting spooked by AI advances has finally passed a critical threshold, in order to be in a good position in the specific subspace of possible futures where most humans have become economically worthless but the current system of contracts and titles remains intact?

Specifically, the "the vast majority of the economy is one or a handful of AI conglomerates, plus whatever industry is required to keep them running; whoever has a share may be less screwed" scenario. I can just about think of Google (for DeepMind) and Microsoft (who seem to be OpenAI's closest openly traded partner), and maybe Nvidia if one expects their GPUs to continue being unrivaled as hardware platforms.

If you have enough money to be a private investor, consider buying grey market stocks (equity-zen) in up-and-coming transformers driven companies. Obviously, this is highly risky, so don't put in any money you can't afford to lose. But it is a good place to put your 'high risk' investments. I'd say better than Crypto, weed stocks, self-driving or anything in the ARK portfolio.

Look out for tasks that previously could not be done before, and replace humans in a very clear manner. This keeps the unit-economics stable. Try to get some series-A / Series-B area stock and hope one of them works out.

Note: Stock picking is never a good idea. So if you're asking this question on a forum, then you probably just want to hold a broad based index + some bias onto major SNP500 players such Microsoft/Apple or anything normal-PE-ratio company that seems to have a good foot in the door.

I'd say better than Crypto, weed stocks, self-driving or anything in the ARK portfolio.

Yes, those also been the absolute god-awful worst performing stocks/sectors. ARK is down 80% vs 25% for Nasdaq.

, then you probably just want to hold a broad based index + some bias onto major SNP500 players such Microsoft/Apple or anything normal-PE-

QQQ is pretty good.

Risky investments perform terribly most of the time. Im saying exactly what it looks like.

Take the money you are willing to throw away, and waste it on grey market private company stocks instead of all the other 'risky' options that have been in the dumps. (As would be expected in such market conditions). The strong guarantees I can give about stock market returns all have low ceilings.

If you want reliable gains, then index funds.

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