Honestly given how much of a Cargo Cult the finance industry is, I would expect you could outperform the market and investors far more knowledgable than you simply by refusing to be a fool about AI and get scammed by its hype.
The tacit assumption that troubles me is the idea that the stock market must sooner or later bow to reality in a way that is proportional to its flights of fancy. The basic ideas that underpins value investing, in other words.
Putting it mildly: I don’t feel confident that can be relied upon in 21st century US markets.
Chat is this good?
On the one hand, we all know AI is on a bullshit hype train headed straight for a wall.
On the other hand, I’ve never met anyone I trusted less than anyone associated with Goldman Sachs.
Let me introduce you to Wells Fargo
Honestly given how much of a Cargo Cult the finance industry is, I would expect you could outperform the market and investors far more knowledgable than you simply by refusing to be a fool about AI and get scammed by its hype.
Idk specifics here, but the logic is very sound.
The tacit assumption that troubles me is the idea that the stock market must sooner or later bow to reality in a way that is proportional to its flights of fancy. The basic ideas that underpins value investing, in other words.
Putting it mildly: I don’t feel confident that can be relied upon in 21st century US markets.