From: Matt Mahoney (matmahoney@yahoo.com)
Date: Mon Apr 14 2008 - 18:26:22 MDT
--- John K Clark <johnkclark@fastmail.fm> wrote:
> If an AI is developed then the Singularity will happen. And after that I
> don’t know the best place to invest your money and if I did I wouldn’t
> tell you. I will tell you where NOT to invest your money. If you think
> the Singularity will happen in your lifetime, or even if you don’t think
> that but you think that in your lifetime the common wisdom (it doesn’t
> matter if it’s right or wrong) will be that the Singularity will happen
> soon then forget bonds, especially long term bonds. The reason is that
> if it is understood by most that a dollar will be much harder to earn
> now than in the future then interest rates will go up and that means
> bonds will go down. Long term bonds are riskier than stocks, sell them
> now!
This is too funny. We are on the verge of an event bigger than the Permian
mass extinction and you are talking about where to invest your money.
-- Matt Mahoney, matmahoney@yahoo.com
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