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Joined 2 years ago
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Cake day: June 26th, 2023

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  • Einstein was not sure if the universe was expanding, contracting or static. He famously had a constant he could use to change this:

    "…Einstein’s cosmological constant, is a coefficient that Albert Einstein initially added to his field equations of general relativity.

    Einstein introduced the constant in 1917 to counterbalance the effect of gravity and achieve a static universe, which was then assumed. Einstein’s cosmological constant was abandoned after Edwin Hubble confirmed that the universe was expanding."

    https://en.wikipedia.org/wiki/Cosmological_constant



















  • There is definitely a bubble. But also what Nvidia is doing is smart. They have boatloads of cash. They are investing that cash in the companies that are using their products to create money making services. If one of them can create a killer app or viable service this will create demand for their products and they will have an ownership stake in it. Is this guaranteed or even likely? Probably not. We have reached the point where we were in 1996 where the chairman of the fed came out and said we are in a period of “irrational exuberance.” That bubble took four more years to pop. This one may end quicker, but it is impossible to tell when it will end or what will come out of it from where we sit today.