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Capitaclism t1_j5d5n9e wrote

Reply to comment by PanzerKommander in What do you think an ordinary, non-billionaire non-PhD person should be doing, preparing, or looking out for? by Six-headed_dogma_man

You don't think AGI will render a ton of those businesses obsolete as it drives towards the singularity? That is what the G there signifies after all.

It will be able to do many of the same functions humans do, but gradually far more competently and at a much greater speed, 24/7.

Businesses won't simply disappear overnight but the writing would be on the wall once we start getting close enough to become more generally understood.

Timing the market for the way out is hard, so while leaving it in a mutual fund for now is fine, at some point we may see great disruption.

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hucktard t1_j5dhtkw wrote

The SP500 is the 500 largest businesses. If large companies start to fail and others take their place, the failing companies will drop off the SP500 and be replaced by the successful ones.

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PanzerKommander t1_j5diswu wrote

A mutual fund is a slice of all, or at most, of them, as one starts its fall, shares will be sold automatically and used to buy its replacement.

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div414 t1_j5e9zp6 wrote

This isn’t how it works. Mega corporations are also CVCs and LPs in VC funds.

They’re invested already.

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hucktard t1_j5f5i3j wrote

That may also be true, but what I said is correct.

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div414 t1_j5h7byc wrote

Water is wet isn’t exactly a valuable input.

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[deleted] t1_j5deanp wrote

The biggest companies will save tons of money with AI. They won't be out of business they'll be richer than ever. We'll be out of jobs. But they'll be fine.

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GoSouthYoungMan t1_j5dl8rn wrote

Unless you can predict with certainty which company will get the crown (and that is a company you can actually invest in), then your best bet is to play the entire market, or at least the entire technology industry.

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