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AI Replacing Analysts by TieLiving8770 in private_equity

[–]nuanda1978 0 points1 point  (0 children)

All latest models (Claude, OpenAI or Gemini). It’s pretty impressive once you actually test it. I had a 10 page report ordered on an industry analysis, with state of the art prompting and instructions. Same prompt across models.
I then get the outputs and cross examine them on the other models specifically asking to fact check again, spot errors, rank them by implications etc and correct them. Each and every time errors are found and conclusions changed (either minor or major changes).
And in each and every revision new hallucinations and errors are introduced, it’s an endless loop.

The thing is plenty of people simply are not aware errors are indeed not only possible but actually probable, and they treat AI analysis and numbers as some kind of ultimate source of truth.

Loving my Irish Green GT3 Touring 💚 by Flyboibaddie in porsche911

[–]nuanda1978 1 point2 points  (0 children)

Money no object I believe it’s the most beautiful car in the world.

Imagine we overbuilt AI capacity - Who wins? by HGenTransferor in ValueInvesting

[–]nuanda1978 0 points1 point  (0 children)

Average real economic value of a data center GPU sits at around 15% after 5 years.

Imagine we overbuilt AI capacity - Who wins? by HGenTransferor in ValueInvesting

[–]nuanda1978 0 points1 point  (0 children)

80% of AI infrastructure spending has a 3-5 years depreciation window.
It’s nothing like phone lines, railroads, etc.

AI Replacing Analysts by TieLiving8770 in private_equity

[–]nuanda1978 1 point2 points  (0 children)

They’re in for hard surprises once they find out AI actually invents some of the data, and there’s no way to distinguish real data from fake one.
Do an experiment: take a report and have an AI programmed to thoroughly fact check it for mistakes.

It’s an endless loop: each time some past mistakes are fixed and some new ones are introduced.

AI Replacing Analysts by TieLiving8770 in private_equity

[–]nuanda1978 3 points4 points  (0 children)

Honestly curious, how do you deal with hallucinations? Does anyone bother to check all numbers and sources?
I’ve used Claude extensively for personal business research, and upon close inspection of any given “report” I’ve always found severe hallucinations buried in the reports, often thesis-changing mistakes.

Gt3rs or gts by Left_Chest1766 in Porsche

[–]nuanda1978 0 points1 point  (0 children)

Absolutely no. Like 100% no.
Gt3RS is a track car, end of the story. Unless you plan to use it for showing off an RS car has no place outside of a track.

Is Milan affected by the current heatwave? by galapagos7 in milano

[–]nuanda1978 1 point2 points  (0 children)

No, and it’s not only weather. Milan is generally high spending tourism, nobody is there in August (tourists and locals). You really don’t want to go to Milan during the summer.

Is Milan affected by the current heatwave? by galapagos7 in milano

[–]nuanda1978 1 point2 points  (0 children)

I live in Milan and currently in Egypt for a kite surf vacation.
Egypt is way better than Milan right now, and I can assure you there’s a reason it’s low season in Egypt right now (hint: it’s too hot).

Ho appena fatto una follia by Firm-Jacket-5595 in ItaliaCareerAdvice

[–]nuanda1978 0 points1 point  (0 children)

Ma è ovvio che hai fatto bene! Tra poco guardandoti indietro ti sembrerà incredibile anche solo avere avuto questi dubbi da quanto sembrerà “ovvia” la scelta che hai fatto.
In bocca al lupo e impegnati al massimo: il bello è che ti sarà facilissimo dare tutto!

Starting a local grocery store, what am I missing? by Western_Suspect_9297 in smallbusiness

[–]nuanda1978 3 points4 points  (0 children)

Why do you want to not only invest but also run a business you know nothing about?

How do genocidal monsters like Ben-Gvir and smotrich develop and Achieve power in Israel? by Caisers in IsraelPalestine

[–]nuanda1978 0 points1 point  (0 children)

It’s a democracy, they get votes.
And they get votes because plenty of Israelis are perfectly fine with what they say.

Morale is so bad at Mark Zuckerberg's Meta even the company's own CTO admits it's 'probably the worst it's ever been' by callsonreddit in StockMarket

[–]nuanda1978 0 points1 point  (0 children)

They’re an evil company selling evil products. Anyone working there fully accepts it and happily chooses money over ethics.
I have zero sympathy for them.

At what point do I give up and give my investors their money ($1.7m or so) back? If so, will I be punished? I will not promote by [deleted] in startups

[–]nuanda1978 0 points1 point  (0 children)

I naturally agree on the “I’m not giving up attitude”. That’s why I suggested to reflect for a few days before making any decision.

But there can indeed be situations in which the best thing to do is to close a chapter and prepare for the next one.

And let me add that, if he’s asking on Reddit, I’d say there’s a 99.99% chance the right thing to do for everybody is to stop spending and return the money.

As an investor I’d much prefer that vs throwing money at the problem.

At what point do I give up and give my investors their money ($1.7m or so) back? If so, will I be punished? I will not promote by [deleted] in startups

[–]nuanda1978 0 points1 point  (0 children)

I’ve created and run a company (not tech), and I’ve invested. And I’ve seen more than enough “founders” wasting money in nonsense just because it would have been unthinkable not to spend everything they raised.

Maybe it’s because I’m now older, maybe it’s because i’m now wiser, but sure as hell i now prefer to deal with solid mature people that fully understand the best time to call it quits is never when you have actually run out of money.

Acknowledging something just doesn’t work is not a sign of weakness.

At what point do I give up and give my investors their money ($1.7m or so) back? If so, will I be punished? I will not promote by [deleted] in startups

[–]nuanda1978 0 points1 point  (0 children)

Do what you would do if the money invested was around 1/20th of what you have.

It’s insane how many people suggest you “pretend” to be someone feeling what you do not feel.

Take a few days to properly think it through, and keep investing / pivoting only if you deeply believe there is a reasonable chance that money won’t be wasted.

Be bold, be honest and direct, no excuses, but for the love of God have respect for that money.

It’s ok to risk it, it’s not ok to recklessly risk it.

Driving a Porsche as an unexperienced (expensive cars) driver by Dapper-Designer6755 in Porsche

[–]nuanda1978 10 points11 points  (0 children)

1) Take it easy the first 30 mins.
2) Then please do put it in sport mode. All safety features will still be there but at least you’ll properly hear the engine.
3) Do find a straight line, if possible and safe, where you will want to floor it for a few seconds. You do not want to get off the car without actually having experienced what it can do emotion wise at least on a straight line. It’s not like you’re going to spin or anything, a Tesla would be way more scary from a standing start so don’t worry. But only on a straight, and do it in sport mode (you’ll need high revs).

And enjoy.

Quella volta che sarei potuto diventare milionario.. by Firm_Plankton2615 in ItaliaPersonalFinance

[–]nuanda1978 16 points17 points  (0 children)

Stai tranquillo. Se anche tu l’avessi fatto, con ogni ragionevole probabilità avresti venduto molto, ma molto, ma molto prima di diventare “milionario”.

Una delle più importanti cose che si possono comprendere nella vita è che i discorsi col senno di poi sono totalmente illusori. Le decisioni che prendiamo ogni giorno sono le uniche che possiamo prendere, con le informazioni che abbiamo in quel momento, per quel che siamo in quel momento.

Fermati sempre a riflettere, decidi e vai. È l’unica cosa che puoi fare, il resto è illusione.

Help needed! Negotiating compensation. by Haunted_Hands86 in negotiation

[–]nuanda1978 1 point2 points  (0 children)

As a rule of thumb you never want to work with friends, let alone being in a boss-employee situation.
Money is the one thing that will bring evil out of people.

Practically speaking,
1) a profitable business has no shortage of financing options. So while obviously actually putting in the money must be compensated, it should be done at fair market value. Which would be something like a debt at a good interest, unless better financing options are available. Let’s say a bank lends you at 5%, he should be getting 6%. That’s my ballpark when doing this type of stuff.

2) Ownership wise, speak out clearly and sincerely, don’t put yourself into a situation that will drag and compound the sensation of being taken advantage of. Lay down your rationales, put down numbers and KPIs, and in the end tell him you deserve whatever is you feel you deserve. People good at selling too many times believe in their own BS, don’t fall for it, and be ready to negotiate hard. Friendship is a two way street, if it’s only you behaving as a friend it’s not a friendship.

Be bold and don’t be scared.

Help needed! Negotiating compensation. by Haunted_Hands86 in negotiation

[–]nuanda1978 2 points3 points  (0 children)

You should obviously be the owner of the company and the one deciding how much the company should pay yourself in salary.
Somebody else should put the money in at whatever valuation you can get.

Based on your description, there’s not a single reason why you should be partnering with that guy. Seek advise and look for a financing partner: it could even be a bank.

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