Anthropic raises $13B Series F

Narrow point: In general, one person’s impression of what is crazy does not fare well against market-generated information.

Broader point: If you think you know more than the market, all other things equal, you’re probably wrong.

Lesson: Only searching for reasons why you are right is a fishing expedition.

If the investment levels are irrational, to what degree are they? How and why? How will it play out specifically? Predicting these accurately is hard.

Not to be mean, but aren't you being a little hypercritical here, bringing up your bespoke example of YouTube?

To answer: no, and even if it was a “yes” it wouldn’t affect the argument I was making. I’ll explain.

I was wondering how long it would take for this kind of meta-critique would pop up. Meta critiques are interesting: some people use them as zingers, hoping to dismantle someone else’s entire position. But they almost never accomplish that because they are at a different level of argument: they aren’t engaging with the argument itself.

Meta-critiques are more like an argument against the person crafting the argument. In this sense, they function not unlike ad hominem attacks while sneakily remaining fair game.

Lastly, even if I was a hypocrite, it wouldn’t necessarily mean that I was wrong — it would simply make me inconsistent in the application of a principle.