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Comment by raincole

15 hours ago

That's exactly what people said when Deepseek V3 was released. Two years later the valuations roughly have quadrupled.

no one has had to pay back any of the loans yet. the valuations right now mean precisely nothing.

if these hold a year after an IPO then we can talk.

"the market can stay irrational longer than you can remain solvent"

  • Whenever I see this, all I hear internally is "I'm not willing to put my money where my mouth is"

    • A better interpretation is that there is a window within which you can make money on an unconventional view. You can't be too close to the market's conventional wisdom, but you can't be too far away from it either.

    • My mouth is at: I don't want to be exposed to anything related to Musk.

      My mind is at: Even though it's overvalued, it will likely keep climbing and won't crash.

      Where is the market at?

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