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Nvidia: The Green-Eyed Titan

Nvidia: The Green-Eyed Titan

Chris Campbell

Posted August 27, 2024

Chris Campbell

Bill Ackman, the billionaire hedge fund manager, has a theory.

"I have a view that people become their names," he once told an interviewer. "Like, I've met people named Hamburger that own McDonald's franchises."

Ackman embraces this idea whole-hog, seeing his own surname as a premonition of his destiny: "Ackman,” he said, as if it were plain as day what it meant: “it's like Activist Man."

Wild idea, but not new.

This belief - our names shape our fates - is as old as civilization itself.

In ancient Rome, parents chose names for their kids with extreme caution. The name, they believed, would forge their paths.

Fast forward to the 1990s, and this old concept found new life in the pages of New Scientist magazine. Readers began noticing a bizarre trend: people whose names seemed oddly fitting for their professions.

A book on polar explorations by Daniel Snowman, an article on urology by researchers named Splatt and Weedon. A New York lawyer named Sue Yoo. A firefighter in Ohio named Les McBurney.

(More recently, Usain Bolt.)

The term "nominative determinism" was coined, sparking a debate that continues to this day:

Can names shape destiny?

Enter Nvidia.

The tech giant that’s become synonymous with cutting-edge graphics and AI.

Nvidia: A Name of Envy and Vision

Derived from the Latin "invidia," meaning envy, the name is a nod to a lesser-known Roman goddess.

In Roman myth, Invidia was often portrayed as a green-tinged figure with a powerful gaze. Her "evil eye" of envy was believed capable of shaping destinies and toppling the mighty.

Nvidia’s logo, a green eye, seems to reinforce the mythological link. Even their marketing slogans, like "Green with envy" for the GeForce 8 series (not to mention the occasional green goddess), lean into this symbolism.

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Today, Nvidia stands as one of the most valuable companies in the world. Its success in AI and graphics processing makes it the envy of the tech industry.

Competitors struggle to match its innovations, always seeming one step behind.

Has Nvidia, through the ancient power of the name, willed itself to become the object of universal desire in the tech world?

(Probably) Not

To be sure, Bill Ackman isn’t alone.

It’s well-known: many of the world’s most successful investors have held weird beliefs.

George Soros claimed to rely on back pain as an indicator to de-risk. Bill Gross would do yoga poses in his office to change his perspective on the markets. Michael Burry has a glass eye and (allegedly) believes his condition helped him see market patterns others missed.

Point is, as seductive as this story might be…

Nvidia's success is more likely the result of brilliant engineering, savvy business decisions, and being in the right place at the right time as AI exploded.

The lesson here for the tech investor is NOT to search for companies with auspicious names.

After all, names can sometimes mean the exact opposite: Long-Term Capital Management. Honest Company. The Patriot Act.

Instead, do what most won’t: look beyond the surface. Dig into the fundamentals, understand the technology, and analyze the market conditions.

Indeed, Nvidia's success story is fascinating. The apparent root of its name and its dominant market position makes for a compelling yarn. But in the end, it's the silicon, not the symbolism, that powers our devices and drives the bottom line.

Leave the myths to the marketers.

Focus on the facts, the financials, and the future potential. That's where the real fortune lies – no divine intervention required.

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