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Michael Burry (The Big Short) is betting against the AI Bubble

Burry’s fund, Scion Asset Management, disclosed on Monday that it bought puts — bets that share prices will fall — on two stars of the AI wave: Nvidia and Palantir. Scion bought roughly US$187.6 million in puts on Nvidia and $912 million in puts on Palantir, according to Securities and Exchange Commission filings.

Michael Burry (The Big Short) is betting against the AI Bubblehttps://www.ctvnews.ca/business/article/michael-burry-of-the-big-short-is-back-with-cryptic-messages-and-two-massive-bets/Open linkView original on lemmy.ca
oldfartscave·Old Fart's CavebyLoveCanada

Never thought toys would shape my future so much

Spent hundreds of hours playing with Meccano and LEGO when I was a kid. Imagining, designing, testing, evaluating, rebuilding. I learned a lot about basic engineering before I was 7 years old - fulcrums, gears, axles, leverage, friction, pulleys, inclines, reinforcement - lots of basic engineering principles.

And they all come in handy. Whether Im working on a car or building a house, those same principles get used every week. I thought I was just playing, but really I was preparing for my future.

Did your toys shape your future interests or skills?

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oldfartscave·Old Fart's CavebyLoveCanada

Wow. Now I know what they mean about government red tape...

Trying to build a tiny house myself. Ive built basement suites and done renovations, not terribly complicated and the process was relatively simple. Could fit the guidelines for a basement suite on about 4 pages.

But this tiny house thing is ridiculous. I have my development permit and building permit which already took a powerpoint presentation to the town council, approval from the planning commission, and then several submissions and lots of scale drawings for approval for the building permit, plus the fees.

So I had some specific questions and wasn't sure where to ask. There are SIX different places where I could find different sets of building regulations. Figured the most applicable would the National Building Code for my province. Opened up the document online and its 1,570 pages!? What the hell?

So I narrowed it down to the section on homes and small buildings and just the INDEX for that section is 7 pages long.

This is nuts. No wonder people don't want to build homes. The codes are so ridiculously detailed that unless you study it for a living its just crazy complicated (There's a code for how many hinges you put on a door and how deep the screws have to go into the casing)

I'll slog through it but if I cant find the answers in a couple of hours Im gonna revert to the old "its easier to ask forgiveness than permission" approach and see how cranky the building inspector gets.

Man, you want houses built in Canada? Make it EASIER to find out how to do it.

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oldfartscave·Old Fart's CavebyLoveCanada

Old fart trying to stave off decripitudinalness

Decided at 63 I wasn't going to go down without a fight as my body seems to complain more and more every year. So I bought a motorcycle last month after a 20 year break from riding (after a near fatal riding accident where I got rear ended by a minivan). If Im gonna die, it ain't gonna be on a couch from eating too many Doritos while watching some inane TV show. So far, 300 kms and not a single near fatal accident lol.

What are ya doing to stave off the Grim Reaper and live a little?

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