"Nobody ever heard of this formula. Nobody has ever used this formula. So I’m sorry, but the conclusion seems to be the president kind of made this up as he went along... these are off the charts."
"Nobody ever heard of this formula. Nobody has ever used this formula. So I’m sorry, but the conclusion seems to be the president kind of made this up as he went along... these are off the charts."
grandson: wow so everybody thought AI was going to fix all of that?
me: haha what? oh. no. not even kind of. No
grandson: wow so everybody thought AI was going to fix all of that?
me: haha what? oh. no. not even kind of. No
Consequences: worse investment climate, higher risk premia, (likely) higher interest rates...
Kendrick: actually
Kendrick: actually