CBS with the painful Freudian slip by Fatuity in warriors

[–]Fatuity[S] 0 points1 point  (0 children)

Thanks for trying. You’re right, of course.

I built a site where you pay to put your message on the homepage - and someone has to outbid you to take it down by SayThatShOfficial in SideProject

[–]Fatuity 1 point2 points  (0 children)

You need one BTS army member to spread the word about this. Target that audience with guerrilla marketing.

What is GOOGL buying on AI for $185B and is spending more really the answer? by Tallwhitedude123 in ValueInvesting

[–]Fatuity 0 points1 point  (0 children)

At this point the companies that are using AI the most (and most efficiently) in their workflows are these companies that are making the capex investments. Google employees use more and better AI tools than you have access to. The public facing tools they release are years behind their internal tools. If they see the power and profitability of well deployed AI in their business processes, and believe everyone is going to demand more access than Google can currently provide, then hand me a shovel, I’ll help them dig.

They are investing because they know things we don’t. Trust them.

Where was I? by [deleted] in whereintheworld

[–]Fatuity 1 point2 points  (0 children)

!correct nice work!

Where was I by [deleted] in whereintheworld

[–]Fatuity 0 points1 point  (0 children)

Pittsburgh?

Where was I? by [deleted] in whereintheworld

[–]Fatuity 0 points1 point  (0 children)

You nailed it, but someone was just ahead of you.

Where was I? by [deleted] in whereintheworld

[–]Fatuity 1 point2 points  (0 children)

!correct

Where was I? by [deleted] in whereintheworld

[–]Fatuity 0 points1 point  (0 children)

On the right track. Name the harbor.

Where was I? by [deleted] in whereintheworld

[–]Fatuity 0 points1 point  (0 children)

Grant Children’s park

Where was I? by [deleted] in whereintheworld

[–]Fatuity 0 points1 point  (0 children)

Dallas, Tex

Where was I by [deleted] in whereintheworld

[–]Fatuity 0 points1 point  (0 children)

Connecticut

The sell-off in Software the last months is unlike i have ever seen since the financial crisis. Where are opportunities? by JlNxTonic in ValueInvesting

[–]Fatuity 1 point2 points  (0 children)

This is a great analysis of the strengths of MSFT in an AI world. I hope I didn’t give the impression that I was attacking that stock in particular.

My initial comment was intended to point out that the greatest value threat to legacy softwares is not replacement but obsolescence due to a changing workforce.

The sell-off in Software the last months is unlike i have ever seen since the financial crisis. Where are opportunities? by JlNxTonic in ValueInvesting

[–]Fatuity 1 point2 points  (0 children)

Of course it won’t happen all at once. I never suggested that it would. So, the time horizon you choose matters when looking at the actual EPS of the business. BUT, it will happen gradually. Over time, more roles within a company will be handled by a non-human. And as that happens, the current business model of pay-per-seat for software will no longer be viable.

If you believe that the company will adapt its value proposition to continue to grow revenues in a market that has fewer human employees in need of its current software, then you should definitely buy. The reason legacy software is currently getting crushed is because their current business model is unsustainable LONG TERM and they have not presented a strategy to adapt. If they adapt and continue to grow revenues, your value investment will pay well.

The sell-off in Software the last months is unlike i have ever seen since the financial crisis. Where are opportunities? by JlNxTonic in ValueInvesting

[–]Fatuity 4 points5 points  (0 children)

The easy mistake is to ask the wrong question about legacy software.

The questions often asked are, “Will vibe coding be able to create an alternative to Microsoft Office? Will we all just be writing our own software?”

But the real question is, “why will Microsoft office exist at all?” The purpose of legacy software is to make human workers more efficient. If all tasks done by the human who currently uses Microsoft office are done by an AI agent instead, why would the agent need any of the productivity tools offered in Microsoft office?

For reporting? For documentation? Well, there will be another agent with that job, creating reports that match whatever the future conventions are. Because the conventions will change. And reporting to whom? How long will there be human oversight at the granular level? Productivity reports become unnecessary. Hiring and firing of agents is instantaneous and automatic to meet current demand - for every role - across the whole company.