Check out ROOT stock yesterday. A car insurance company went up 53% after earnings. I'm not saying Lemonade will do the same next week after it reports earnings (on Tuesday), because their situation is quite different, and there is always uncertainty. However it's a hint about the likely direction of the move, because there is one commonality: inflation going down and rates getting approved.
If you look at some large insurance companies, and what their stock was doing last 6 months, you can see a big uptrend. For example Progressive (PGR), Allstate (ALL), The Travelers Companies (TRV).
The main reason is probably inflation coming down. In the U.S. insurance is very regulated, every increase... (read more)
After Tesla's stock surged tenfold around 2020, a friend asked me what I knew that others didn't. It’s a bit complicated to explain, but a similar opportunity might arise with Lemonade Insurance in the next 3-4 years. The current situation is a combination of a very promising business and a suppressed stock valuation, mostly by external factors.
I'm open to the possibility of being wrong, and I acknowledge the inherent risks of stock-picking (there's a note on stock-picking at the end of the document). I'm sharing my thoughts here partly to invite others to point out potential risks I might be overlooking. And of course, none of this is financial advice in the legal sense.
TL;DR: GoodAI launched the Solving the AI Race round of the General AI Challenge. $15,000 in prizes are available for entering suggestions on how to mitigate the risks associated with a race to transformative AI.
They will be accepting submissions until 18 May 2018, and are asking participants to come up with detailed proposals of how to avoid AI research becoming a race where:
A brief earnings update:
LMND is a small cap and therefore it's a playground of traders and short seller. The stock is now down about -27% basically deleting the huge gains of the past two weeks. Classic "buy the rumor, sell the news" situation.
Given the slower planned growth there is perhaps less urgency in building a position. However the current price seems attractive long term.