| ▲ | curuinor 6 hours ago |
| Workaday copywriting is dead (was moribund, now has been shot in the head). Prestige literary writing is zero-sum and therefore eternal, in the same way that equities trading (not formation and not business-building) is zero-sum and therefore the actual success of LLM has not given anyone a signal advantage anywhere there, because everyone else has LLM too. |
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| ▲ | mrweasel 5 hours ago | parent | next [-] |
| Copywriting struggles with the issue that businesses know they need it, but they don't value it. It's absolutely shocking to see how poorly companies, and governments, communicate and no amount of AI/LLM usage will change it. For decades it's been neglected and relegated to "cover my ass"- writing. The majority of AI deployment in businesses could have been avoided, if more attention had been placed on good communication. LLMs don't yield better communication or corporate writing, just more of it, because no one in business seems to understand the value or have the ability to recognize good writing. |
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| ▲ | phyzix5761 5 hours ago | parent | prev [-] |
| Equity trading is not zero sum. There are real businesses and assets behind the equities they represent that have actual value and produce actual money. |
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| ▲ | curuinor 5 hours ago | parent | next [-] | | The business-building is not zero sum, but the trading is zero-sum, and the societal purpose of the thing is to provide liquidity | | |
| ▲ | porphyra 5 hours ago | parent | next [-] | | theoretically equity trading is about distributing stonks most optimally so that productive companies get more and less productive ones get less, improving productivity of society as a whole | |
| ▲ | 5 hours ago | parent | prev | next [-] | | [deleted] | |
| ▲ | quickthrowman 5 hours ago | parent | prev [-] | | Derivatives (options, futures, swaps, etc) are a zero sum market, there is always a winner and a loser necessarily because the contracts have an expiration date. The same is not true for trading equities, they are not zero sum. There are dividends, buybacks, companies will sometimes spin off a part or parts as separate companies that you get newly issued shares of stock from (GE splitting into parts is a recent example), public companies get taken private at a premium to the market price, etc. | | |
| ▲ | AndrewDucker 3 hours ago | parent | next [-] | | Futures are zero sum, but can also be a win for both sides, because what they gain is stability. "I will buy y tons of corn from you in April for £x" - now I don't have to worry about how much my corn will cost and you don't have to worry about what your income will be. | |
| ▲ | Ekaros 4 hours ago | parent | prev [-] | | The market has been heavily engineered and gamed to be positive sum. But sometimes I wonder could it turn out to be negative sum on certain timescales. That is that overall money would be lost on markets. | | |
| ▲ | tomrod 2 hours ago | parent [-] | | This is more or less what Ray Dalio was getting at with The Changing World Order, IMO. |
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| ▲ | djoldman 4 hours ago | parent | prev [-] | | Presumably they mean HFT / "locals" / "sell side." These folks compete in a reasonably zero-sum game. | | |
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