And where are they now (cigarette companies)?
Altria has 72.2% gross margins. 45% net
Readit Newsmissedthecue commented on AI is killing B2B SaaS nmn.gl/blog/ai-killing-b2... · Posted by u/namanyayg
Why do you want to be a customer of a company with extreme revenue? That only means you'll pay too much money.
Customers can benefit from scale too
I am pretty sure the US has not 4.2 percent growth
Source?
I live in the US and I have lived in countries with 4-5 gdp growth
The latest US GDP print is the Q3 2025 Initial Estimate, showing real GDP grew at a 4.3% annual rate
https://www.nbcnews.com/business/economy/us-economy-grew-thi...
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missedthecue commented on Furiosa: 3.5x efficiency over H100s furiosa.ai/blog/introduci... · Posted by u/written-beyond
> The reason this matters is that LLMs are incredibly nifty often useful tools that are not AGI and also seem to be hitting a scaling wall
I don't know who needs to hear this, but the real break through in AI that we have had is not LLMs, but generative AI. LLM is but one specific case. Furthermore, we have hit absolutely no walls. Go download a model from Jan 2024, another from Jan 2025 and one from this year and compare. The difference is exponential in how well they have gotten.
There is a lot of talking past each other when discussing LLM performance. The average person whose typical use case is asking ChatGPT how long they need to boil an egg for hasn't seen improvements for 18 months. Meanwhile if you're super into something like local models for example the tangible improvements are without exaggeration happening almost monthly.
Burning bunker fuel releases a lot of sulfur emissions and comparatively less carbon. SO2 has a strong cooling effect on the climate, both through directly reflecting incoming sunlight and by acting as cloud condensation nuclei. This increases the formation of reflective clouds.
missedthecue commented on Finance Industry Eyes Investment Opportunities in Venezuela wsj.com/livecoverage/vene... · Posted by u/clanky
Sounds like Yeltsin-era privatization is on the menu. “What assets can we strip from the Venezuelan people, for pennies on the dollar?”
The problems with the post soviet economy had nothing to do with FDI.
missedthecue commented on BYD Sells 4.6M Vehicles in 2025, Meets Revised Sales Goal bloomberg.com/news/articl... · Posted by u/toomuchtodo
This is just going to hurt US car manufacturers. Tarriffs are rent seeking. Rent seeking in the long run is brittle. You get a little security now for loss of competitiveness in the future - once the rent seeking goes away, you’re screwed. You haven’t had to compete, so you haven’t adapted. Consumers flee because they’ve just tolerated you - they actively dislike being forced into fewer choices
Rent seeking is industry suicide. It feels like it helps, but it’s not solving the real problem.
At a certain level it can lead otherwise competitive companies to rest on their laurels.
On another level, it would be game over without them. For example, US shipyards would simply stop existing without protection. There is no management strategy or measure they could implement that could compete with Asian shipyards.
How do you figure? The portfolio looks to have performed roughly the same as the S&P.
BRK total return from inception to 2025: about 5,502,284% (55,000x gain)
S&P500 total return over the same period: about 39,054% (390x gain)
$1 in BRK would be $55k today. $1 in S&P500 would be $390 today. Therefore, following the hypothetical 99% drop, 1% of Berkshire return would be $550, still well above the S&P500's $390.
I assume we do too...we do right?