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Cake day: October 22nd, 2024

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  • iii@mander.xyztogondaily@lemm.eePresentation went well
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    5 minutes ago

    I understand, I think. A fundamentally different appreciation of the world that makes me feel alien to many others. You can explain others, but they glass eye stare, as you rarely share the same axioms.

    It’s not that I want to have their problems; I just want us to have the same problems.

    You’re partially in luck: there are others that share this problem. I hope rainforest mind is still on your to-read list.











  • Net profits $2.3B. “Poor financial results”. How does one reconcile these two things?

    That’s 2.3B USD on a 1.29T USD valuation, or 0.17%.

    Valuations should be reflective of expected future profits. Multiples of ×20 yearly profit are possible for risky (tech or biotech usually) companies, with large potential profit. But the ratio is ridiculously off the charts for tesla. If it does not improve, it will have turned out to have been a very wastefull use of capital.