Stock market is a casino with positive expected value.

But only if you could simultaneously play every game.

Which is why broad indexes are the long-term best bet.

I feel like the saying "Markets can remain irrational longer than you can remain solvent" has applied my entire life; I have yet to see the stock market behave rationally in my lifetime.

While I mostly agree. Don't conflate "rational" with "aligns with my expectation/world view".

The market being rational doesn't mean it's going to follow your expectation.

Horrible business, hmmm, so it's revenue has grown 10x every year since inception, what is a good business to you if that is deemed 'Horrible'.

As we all know revenue is the only thing that matters, and not whether they actually, y'know, turn a single red cent of profit! Btw what all the AI bros are conveniently forgetting to comment on is the massive Q3 slowdowns which they conveniently got to keep out of the news cycles.

massive slowdown = highest revenue quarter? ah ok

massive slowdown in growth, the number is not going up faster, rather it looks to be leveling off

They grew from $11.5B in Q2 to $17B in Q3.

What are you talking about?

the quarter before was a bigger change, if you don't see the broader commoditization and competition, I cannot help you

the changes started happening in July, look to the monthly numbers, and how they are being more vague

Scale revenue first then massive profits are possible, see Amazon et al.

Only if you don't have equivalent/viable competition. 2 years ago people thought OpenAI was the unstoppable number 1.

Apparently, we all don’t know how to read 10-Ks, or even simply how to sort by “Earnings”.

https://companiesmarketcap.com/most-profitable-companies/

Easy to make a similar business of selling $1 bills for $0.80.

kinda a bad analogy though because the margin on marginal sales is very high.