I ran into someone recently that derailed every conversation for a needless correction and would opt for arguing about that instead of going back to what the initial conversation was about. This reminded me of that and my tolerance is low for it, for now
I suspect you were growing up when this was in full swing already.
Both should have more reforms.
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Private ownership was the adults main point of pride to distinguish from the Chinese when I was growing up.
And now the Chinese private property frameworks are closer to ours and ours are closer to theirs.
But I figure it is a broad field, so I'm curious what you're doing and if it is the best use of time and energy
I'm also assuming that the generative AI model wouldn't run on your machine well and need to be elsewhere
yep, finally the deaf will able to read what people are saying in a porno!
This could streamline things
Let me see if I can put my point a little more politely. There is basically no economic difference between dividends and buybacks, apart from some tax technicalities. When people talk as if dividends are good and pure whereas buybacks are somehow evil and decoupled from reality, it is almost always drivel.
You seem to have a notion that shares, in their untampered state, should be "conduits to return money to shareholders via dividends". But it really makes ~no economic difference whether the shareholders get direct returns via dividends, versus indirect returns via buybacks.
And I really don't understand what connection you see between this minute distinction, and your point about Palantir being a "nearly sovereign entity". Perhaps you could spell that out.
I don’t find buybacks to be controversial, I find the Price to Equity metric to be controversial and its relevance up for review because it is based on the idea that there will be future yield in the form of dividends, and people muse about or lament how many years it would take for a shareholder to ROI from dividends at a certain share price.
But since that is not a market reality the PE ratio can be ignored as its not about the time horizon or tolerance of shareholders.
Palantir specifically has government contracts, very large ones, and is in a position to create and be selected for more contracts. Tightly coupled with this administration and the domestic and geopolitical environment.
Its impressive but a regression for now, in direct comparison to just high parameter model