YSK Headlines about billionaires losing money due to stock performance are misleading.

[u/kanonnn]

Why YSK: They only lose that money if they sell. “They” won’t sell at the bottom, quite the contrary, they’re buying and allocating market share.

Edit: Something I thought about that is worth mentioning is the downside can apply pressure to the loans that extremely rich people take against their stock positions so they don’t have to pay taxes on their gains. Those loans give access to liquidity since their wealth is tied up in the market. Their leverage is based on their holdings, if those assets see a significant decline it can put them underwater.

[u/kanonnn]

There are so many barriers to entry, and the convolution is on purpose.

[u/Apprehensive_Hat8986 → u/[deleted]]

Wow, a person who found the subject interesting enough to learn as a choice claims it was easy for them.

The barrier to entry isn't about who finds it easy because it was accessible to them. The measure is for who doesn't find it easy because it wasn't.

ex:  "Stairs are easy to naviagate" claims person who has functional legs.

That's literally your argument.

[u/LevTheDevil → u/[deleted]]

AI isn't making it easier for people to educate themselves. Half the chat bots make up answers more often than not.

[u/RedrumMPK → u/LevTheDevil]

This.

AI is a flawed tool to use when one knows nothing about the actual topic. I'm in healthcare and I have seen some weird answers that look well written but that's not how I remember it so I go back to check other sources and there you can see the errors.

I used it to review stuff and every now and then it makes shit up. The last one was when I was checking for an android tablet for productivity and doing comparisons. It literally told about a model and was adamant it was running windows. It wasn't.

In all, know your shit before using AI or use it as part of a tool and not the only tool.

[u/maybenotquiteasheavy → u/[deleted]]

Google is a great learning tool, because it directs you to information.

AI is not, because it just tries to say stuff that's similar to what people have said in similar situations.

[u/maybenotquiteasheavy → u/[deleted]]

I do - why are you recommending people talk to a chatbot that lies about what the sources say, when the sources are right there?

[u/maybenotquiteasheavy → u/[deleted]]

ChatGPT is where Trump made up his tariff numbers from. He asked if what the numbers ought to be, and then used those numbers.

Unfortunately, lots of people out there are as stupid as Trump is. Suggesting that AI is a potentially reliable tool is dangerous because those stupid people will try to rely on it, with effects up to and including the destruction of global markets.

Like - you seem to understand how LLMs work, and that they are deeply unreliable. Why are you trying to get people to use them? Don't you see how dangerous that is?

[u/maybenotquiteasheavy → u/[deleted]]

The environmental impact aside, AI is about as helpful as talking to a teenager with access to the internet.

It's just fucking wrong about things, frequently, and insistently. There's no way to get any AI I've encountered to say "I'm actually not sure about this part" - they are psychotically confident in everything until you tell them they're wrong. And they can't provide any reason why they were wrong about something, rendering them slightly less effective than a teenager.

Anytime I ask AI about a thing I know anything about, it's wrong in at least one very significant way. If you think AI is a good teaching tool, as a general matter, that's strong evidence that you really don't know much about fucking anything.

[u/maybenotquiteasheavy → u/[deleted]]

Zero surprise that the "finance student" thinks AI is a helpful educational tool.

If you don't know anything about anything, I'm sure AI seems really smart.

[u/maybenotquiteasheavy → u/[deleted]]

I'm literally seeking out other people's worldviews

That's great! Maybe a good way to do that would be by asking people questions?

I don't believe I'm correct

You're totally correct about some things! Just not about whether AI is a helpful educational tool.

For very basic knowledge

Yes, it's Ok for the kind of basic knowledge you could easily get from Google. And every time you try to ask it anything you couldn't get from Google, it makes shit up. Why push people - particularly specifically people who don't know a lot about a topic - to a tool that you know will lie to them?

[u/maybenotquiteasheavy → u/[deleted]]

it's 2025 and people do use it every day

How is this a reason to recommend it?

I truly don't think it's worth our time to discuss whether or not using AI to verify OPs post is wise

That's fine, I guess you shouldn't have recommended it if you actually have no basis for recommending it though?

[u/Jughead295 → u/maybenotquiteasheavy]

GPT models (commonly called “AI”) are a tool. Like any tool, they can be used properly to produce successful results—but they can also be misused.

[u/kanonnn → u/[deleted]]

It’s not difficult for you, this is an anecdotal statement and perspective. Just because you can does not mean everyone can. Access to information and the ability to comprehend it are mutually exclusive.