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Rationalista's avatar

I think we are just seeing the last rounds of the previous hype cycle petering out. The last decade or so has been an unending exercise in “we are all going to die” which has led to a whole bunch of people saying “we have to do SOMETHING.” Unfortunately urgency does generally not lead to good allocation decision making, and it ends up in a very feelings based mode of thinking.

Ocean fertilization suffers from a lack of ability to hype and productize, and it takes systemic thinking to really understand. All of that requires “slow” thinking rather than reactive panic.

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71kramretaW91's avatar

Just wondering how this is different than spending billions on AI unicorns that turn out to just be Indian programmers? Perhaps it has something to do with the overall investment environment? But I'm paid 10 cents every time I beat up on the administrations targets, so nvm.

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