Reminds me of this: https://www.wheresyoured.at/th...
Customer satisfaction and money, they are a double-edged sword.

Adding to you explanation:
You could take on a higher risk to make your boat rise (or fall) above the tide. But that wouldn't count as Alpha. For the same risk (as the benchmark) how much more does your boat rise above the tide, is Alpha.

As a portfolio manager, you would claim to do that by "identifying" certain stocks to add/drop from your portfolio.

US companies will float other holding companies and incorporate them in Cayman Islands. These holding companies will inturn outsource the same stuff to India or China. It will be very difficult to stop or control outsourcing of services. They travel through undersea cables. Not through US customs.

Russia asked NATO to stop it's eastward expansion to Russia's borders. NATO didn't give a shit. Russia then asked Ukraine to amend its constitution to add a clause so that it won't ever be able to join NATO. Ukraine didn't heed. If US really means peace, it was already on the table. Oh but how can wars stop? It's a very big industry in the US. It's too big for peace.

The more interconnected technology enables us to become, the bigger the possibility for us to make a fool of our collective selves. The AI craze is just a repetition of the endless hype cycles we have been through in the past many centuries. It was the printing press that enabled early hype cycles, then radio and TV. Now it's internet and social media.

I have friends who haven't had to work since the dot-com bubble went bust. They caught wind of the dot-com hype, made the most out of it and bailed out in time. Some who made the most out of the sub-prime housing hype. And now is another opportunity to build www.pets.ai.

Amazon's "Just walk out" was also 'Actually an Indian' supported technology. They had a huge center in Salem India where humans did the "automatic recognition" work.

... The Fed didn't get it. Please don't ruin the joke by throwing in some statistics into it. Unless it's part of the act and I didn't get it.

They should instead reinvent themself into an "AI generated scroll" business. There is still a lot of juice left in cute and furry animal videos.

ooopsy... don't put dem nails in the AI coffin so soon. It's gonna hurt OpenAI in the backyard.

A lot of lost value was recovered.
Off topic: I think many more countries should follow suit and ask these misanthropes to register in their countries too. Then pass laws that puts these sinister companies on the wrong side of the law (which any ways they are) and ask them to pay hefty fines or leave the country. These fines can be used to finance lots of good things in these countries.

Slightly better. But it's a tradeoff between big stock price moves and a small loss in accuracy.

oh oh. I am on android 7.

I am sorry you didn't get the joke.