The investment world was abuzz yesterday—and still is today—over Deepseek, a Chinese AI model that is reportedly significantly cheaper to train than anything we’ve seen so far.
“The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through and captures the essence of the evolutionary spirit. Greed, in all of its forms — greed for life, for money, for love, knowledge — has marked the upward surge of mankind …”
“It’s not a question of enough, pal. It’s a zero sum game — somebody wins, somebody loses. Money itself isn’t lost or made; it’s simply transferred — from one perception to another. Like magic.”
(the morbidly greedy and corrupt bank-financier Gordon Gekko, 'Wall Street', 1987)
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The more they make, all the more they want — nay, have — to make next quarterly. It’s never enough, yet the corporate news-media, which make up virtually all of Western mainstream news media, will implicitly or explicitly celebrate their successful greed [a.k.a. ‘stock market gains’].
Thanks for this, you raise a great question about when the market is truly fearful vs just a bit spooked. Good read.
“The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through and captures the essence of the evolutionary spirit. Greed, in all of its forms — greed for life, for money, for love, knowledge — has marked the upward surge of mankind …”
“It’s not a question of enough, pal. It’s a zero sum game — somebody wins, somebody loses. Money itself isn’t lost or made; it’s simply transferred — from one perception to another. Like magic.”
(the morbidly greedy and corrupt bank-financier Gordon Gekko, 'Wall Street', 1987)
.
The more they make, all the more they want — nay, have — to make next quarterly. It’s never enough, yet the corporate news-media, which make up virtually all of Western mainstream news media, will implicitly or explicitly celebrate their successful greed [a.k.a. ‘stock market gains’].