Ethically, if you extend this reasoning, are we not obligated to find a position in the most morally repulsive organization we are aware of, and then coast?
If you show revenue, people will ask "How much?" And it will never be enough, but if you have no revenue, you can say you're pre-revenue. You're a potential pure play. It's not about how much you earn, it's about what you're worth. And who's worth the most? Companies that lose money.
Yes, we know it works. Just ask the knowledgeable crowd over on r/wallstreetbets. They have the answer: just turn your phone upside down! Voila, line is going up again!
My gut instinct is that this would be a hugely underperforming investment strategy on both an absolute and risk adjusted basis. I would welcome empirical evidence contradicting my gut.
I directionally agree with you. But there are plenty of examples of scientists being extremely petty, political or egotistical further back in history. Newton and Leibniz. Gauss withholding publication of non-Euclidean geometry presumably due to fear of Kant.
I wonder if there is any empirical analysis of what has historically funded/supported scientific work (private funding vs. academic systems).
I also wonder whether a lone genius in it for the "love of the game" could make much progress in cutting edge science nowadays, given the cost of experiments and the specialization of fields.
You don't have to be a genius to make way more progress on the latest equipment compared to PhD's in their environment, with their constraints and encumberment, plus their survivor bias based on "dramatically" different things other than progress.
You could even do it as a complete gentleman without ruffling any feathers at lower cost than most well-paid corporate workers waste, and get more done if you set your mind to it. Sometimes even in your spare time.
So I definitely wouldn't sell the lone genius short.
Dan Simmons' books often include AI plot elements and contemplate the consequences of humans becoming overly reliant on AI such that they lose basic competencies.
Ah, that makes sense. Given your original comment, I was considering unevenly distributed life across an infinite universe. But you're right of course, that is irrelevant to the fermi paradox.
Do you think every business owns the land and building it operates in? Real estate is expensive. Maintaining a building is expensive. There are plenty of businesses that rent to avoid the capital requirement and headache of property ownership.