[blastrat]

I understand what you are saying, but to inform other people it would be better if you indicated that you know what I'm saying. Refute the point? I disagree.

if this robot could do approximately what Renaissance has been already doing, that would not create wealth, that would take Renaissance's milkshake and share it for two, or worse, by creating competition, dry up Renaissance's milkshake for both. i.e. the money that Renaissance is making is not "lying around to be taken", it's already being wrung out of the market, and is being picked up and put in somebody's pocket, Renaissance's.

And for perspective, what Renaissance has been doing for all the time it has existed (65 billion in 25 years is your unicorn) is less than what Apple did, less than what Microsoft did before that, less than Berkshire Hathaway, etc. Facebook... Google... Uber is already closing in on Renaissance's value in a fraction of the time and in terms of trendline will blow past it. "Money lying on the floor of the stock exchange" is nothing compared to actual value creation.

Still, Renaissance is a pretty good gig for some uber mathnerds who realize they don't actually have other ways to create value (as our robot does) so I'd give it a bump for low opportunity cost.