Somewhat misleading to use a percentage in the article headline when only the absolute amount reached an all-time high.
While the absolute dollar value of margin debt is at an all time high, margin debt as a percent of total stock market value is still significantly below historic levels.
A good dev can dive into a completely unknown codebase with or without tools like a debugger and figure it out. AI makes this far easier.
Some great devs/reverse-engineering experts can do the same without even the compiled source code. Again AI tools can now do this faster than any human.
Security researchers have figured out the intricacies of a system with no more than a single string as input and an error code as output.
IMO Occam's Razor suggests that this is exactly what intelligence is.
The ability to compress information, specifically run it through a simple rule that allows you to predict some future state.
The rules are simple but finding them is hard. The ability to find those rules, compress information, and thus predict the future efficiently is the very essence of intelligence.
This is the problem with LLMs, they return common knowledge as fact.
Interesting that will all the Ph.D. expert fine-tuning that GPT5 supposedly received, it still doesn't favor the more correct Newtonian explanation of airplane lift.
Well, I didn't know about this. I didn't consider it. I also would then need to spend a non-tax deductible amount on this. And IIRC Tesla entered the Fortune 500 before 2022 when that TSLS started. Then I'd have to actually do the calculation, and continue doing the calculation as SPY/my 401k adjusted each month or so.
It's actually been great for ex-workers. Most of their RSUs are much more valuable because the company has pushed for efficiency which has attracted investors and significantly increased market value.
While there have been layoffs, companies are generally still hiring and often employees can overlap severance with a new role.
While the absolute dollar value of margin debt is at an all time high, margin debt as a percent of total stock market value is still significantly below historic levels.
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