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MileyCyrus comments on [Request] Software or Articles on financial life planning - Less Wrong
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Does your belief in the upcoming Singularity affect your investment decisions? Would it be foolish to save money for 50 years in the future if AGI is invented by then?
I don't have a belief in the upcoming singularity, I assign it a certain amount of probability weight, depending upon year. And I'm interested in retiring before I am 80, so I need to save even if AGI comes in 50 years.
I also assign some weight to stagnation due to trying to wean ourselves off cheap oil with a growing population. I can't put precise numbers on both of these.
Under Hanson's model of a paradigm shift in growth rates driven by ems, equities are drastically underpriced.
It would also be foolish to buy insurance if you never need it.