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S&P downgrades Oracle stock to BBB- (www.heise.de)
submitted 2 months ago by to c/technology@lemmy.world
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Only one notch above junk level.

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[–] 153 points 2 months ago (9 children)

I haven't watched "The Big Short" in a long time... but aren't BBB- rated things "dogshit wrapped in catshit"?

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  • [–] 38 points 2 months ago (2 children)

    In the mortgage collapse that drove the world economy to the brink, the ratings agencies were rating dogshit in catshit as AAA, they certainly didn't give it something more appropriate like BBB-. There was a good scene where Burry (played by Carrell) went to fitch and asked them why they hadn't changed the rating on the MBS(shit sandwich) when the underlying mortgages were worth zero. The Fitch person said they didn't feel the need to. They were of course being paid--and still are--by the companies they rate.

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  • [–] 1 point 2 months ago* (1 child)

    That was such a good movie.

    Edit: i also liked Margin Call which is a fictional story about some traders seeing what was about to happen in 2008 and how they responded because of it in 1 night.

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  • [–] 1 point 2 months ago

    The acting was good, the script was ok, I had just read and learned so much about it all in 08-12 I was over it by the time Hollywood and the rest of the world got around to engaging with it.

    Margin call I watched a few years ago and also liked.

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  • [–] 26 points 2 months ago (5 children)

    It's there in the S&P 500 between MSFT and PLTR on the left kind of in the middle (size of the box is the market cap of the company). It's in practically every 401(k) in the US. BBB is somewhere in the middle of the jenga tower.

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  • [–] 9 points 2 months ago (2 children)

    Replying to myself to put up a link to the jenga tower scene of The Big Short in case nobody has seen it: https://www.youtube.com/watch?v=xbiDrzTd8fE

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  • [–] 2 points 2 months ago* (1 child)

    And here’s the blurred Florida scene that follows, imagine the realtors are CEOs and the strippers are vibe coders who think their apps are perfect.

    https://youtu.be/MesrrYyuoa4

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  • [–] 1 point 2 months ago

    The adult entertainers are the VC investors. They're pretty world-wise, but can't be well versed on everything. So when someone sells them on something that sounds pretty good, they bite. The CEOs are the bros laughing about how great everything is, except in real life they don't have consequences. All the CEOs get paid like it might be their last job so if they never work again they're still fine.

    It's still impressive to see what the LLMs cook up when asked about programming problems. I'm coming back to programming from some time away from it, and it'll give you the answer to the question you asked. If you ask it for an old way of doing something, it'll tell you that. Then it slips and shows you a new way of doing something (I'm specifically talking about std::cout versus std::format and std::print), and the doors are wide open all of a sudden.

    Then it gives you a technique for something and you spend hours debugging code only for the LLM to say that the solution it provided won't work.

    Prompt engineering is going to be a real thing whether we like it or not.

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