I used Claude and Gemini together to build a PowerShell script that makes them debate each other on any topic, for any number of rounds. Once it worked, I had them debate AI consciousness — then had them both analyze the debate afterward. One of them built this page to document it all
It's regarded as an inflation hedge but it seems more accurate to describe it as a measure of liquidity and liquidity expectations in capital markets now. Like a "Risk-on" gauge.
It has the best (and most reliable) integrated AI-based web experience. The Bing side bar can read what is in the open tab, etc. It's useful but it probably not worth the trade-offs
Feel like I've been waiting for a Chrome tablet since before Sundar was CEO. Then a few years later there was that expensive Pixel laptop. Now they're finally shipping this in 2023. I've always wondered what was holding back a launch of this.
Edit: I realize this is Android and not ChromeOS. I just can't believe they didn't ship a flagship tablet all this time.
The historical raison d'etre for the Federal Reserve act was principally point 3. Points 1 and 2 have become the central focus or modern Fed "mandate" and generally thought to be beneficent outcomes of a successful #3, besides. If the Fed inflicts too painful of a recession it fails at points 1 and 2, as well.
He was comparing the point value of an index at two points to the /nominal/ dollar value of GDP at the same interval. That firms in the Dow in returned a lot of capital to shareholders in the form of dividends doesn't mean the market value of their equity increased any during the period. You're mixing capital returns with capital appreciation which isn't what he said at all. What he said was completely accurate. I think he knows what it was like to have lived and invested through the period.
> Or, if we look at another measure, the sales of the FORTUNE 500 (a changing mix of companies, of course) more than sextupled
Paying out a dividend devalues a company by the same amount it benefits the shareholders. So evaluating neither the appreciation nor the return make any sense without factoring in the dividend.
In theory, yes, but in practice market premiums are variable and greater than book values. It is true that dividend paying stocks fall somewhat on their ex-date. If they're undergoing capital appreciation too, that's generally made up for in short order.
I'm not saying to disregard dividends in terms of total return, either, only that Buffett wasn't talking about total return, so the "well, actually" I was responding to was just off the mark. If you or me were alive then and/or aware enough to watch the DJIA (classically in the 20th century, many American's measure of "the market" even if not technically the case) things really would have looked like they went nowhere (nominally) from the middle 60s until the early 80s.
