this post was submitted on 27 Jan 2025
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[–] [email protected] 5 points 2 days ago (10 children)

I am extremely ignorant of all this AI thing. So please can somebody "Explain Like I'm 5" why can this new thing can wipe off over a trillion dollars in US stock ? I would appreciate it a lot if you can help.

[–] [email protected] 26 points 2 days ago* (last edited 2 days ago) (3 children)

"You see, dear grandchildren, your grandfather used to have an apple orchard. The fruits were so sweet and nutritious that every town citizen wanted a taste because they thought it was the only possible orchard in the world. Therefore the citizens gave a lot of money to your grandfather because the citizens thought the orchard would give them more apples in return, more than the worth of the money they gave. Little did they know the world was vastly larger than our ever more arid US wasteland. Suddenly an oriental orchard was discovered which was surprisingly cheaper to plant, maintain, and produced more apples. This meant a significant potential loss of money for the inhabitants of the town called Idiocracy. Therefore, many people asked their money back by selling their imaginary not-yet-grown apples to people who think the orchard will still be worth more in the future.

This is called investing, or to those who are honest with themselves: participating in a multi-level marketing pyramid scheme. You see, children, it can make a lot of money, but it destroys the soul and our habitat at the same time, which goes unnoticed by all these people with advanced degrees. So think again when you hear someone speak with fancy words and untamed confidence. Many a times their reasoning falls below the threshold of dog poop. But that's a story for another time. Sweet dreams."

[–] buddascrayon 7 points 2 days ago* (last edited 2 days ago) (1 children)

The best description of reddit's WallstreetBets sub I've ever seen.

[–] [email protected] 6 points 2 days ago

I shall pin this comment to the top of my curriculum vitae.

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