[nickfromseattle]

I work in an industry already being shaped by LLMs. Today, it's eating away at the bottom of the market, but I assume it will eventually eat away at the top where I am positioned too.

I was talking to a friend about the book "psychology of money" and the part he shared was related to paying down your mortgage, even if it makes more financial sense to keep your money invested in the market with a higher expected return than the interest rate on your home loan.

Being disrupted by an LLM has created a ton of anxiety for me, and this conversion led to investing almost my entire NW into Nvidia.

My thinking was, if I am disrupted by AI, Nvidia will at the same time likely grow in value.

The amount invested is still only a fraction of my total expected earnings over the next 10 - 20 years if AI did not exist, but it has calmed me quite a bit about my impending unemployment.

[anon291]

> Being disrupted by an LLM has created a ton of anxiety for me, and this conversion led to investing almost my entire NW into Nvidia.

It is almost never a good idea to convert your entire NW into anything.

Nothing is unprecedented.

[jarsin]

I've noticed those that go all in on a investment end up becoming cult members.

[sergiotapia]

Not to add to your anxiety, but to help you diversify and plan ahead: https://x.com/timClicks/status/1799926065642852725

nvidia's total control may soon vanish.

[muzani]

That's like buying Bitcoin because you're worried about inflation.

The analogy is that 1) there's a high possibility that you may be buying at the local maximum 2) you may not be buying the best stock, only the most visible 3) it might be mostly unrelated and flop even if AI took off.

But don't take it as a discouragement. I've been proven wrong about tech too many times. Back in uni, we talked about PE ratio, but these days it doesn't really matter for tech - if you had bought Meta/FB at peak P/E you'd be rich. It's to make sure all assumptions are sound, rather than which ones are correct.

[rurp]

> Being disrupted by an LLM has created a ton of anxiety for me, and this conversion led to investing almost my entire NW into Nvidia.

I hope this works out for you, but for anyone else reading I would strongly discourage doing something like this. Stock picking and predicting the future more generally is extremely hard to get right. Nvidia is setup well for the near to medium future but things don't always happen as expected, especially in a fast moving domain. And the thing is, that upside is already priced into the stock. Even if Nvidia does well going forward it might end up just meeting expectations and not significantly growing the stock price.

[nickfromseattle]

The point of the anecdote from the book, Psychology of Money is that some financially non-optimal or non-rational decisions can bring peace of mind, which has a hard to calculate, but real value. The fear of my business being disrupted caused significant amounts of anxiety and an almost crippling helplessness feeling.

I recognize the risk of Nvidia under-performing, but I have a lot less anxiety about that, than what I see as a higher risk of being perpetually unemployed forever.