In general I think creative destruction includes creation so I feel it will have job loss for sure but also job creation aplenty. How precisely that will work is impossible to tell a priori ..
Will AI/ChatGPT really replace human analysts and portfolio managers? Will AI/ChatGPT will be able to take decisions based on qualitative factors such as management quality, business model, moats? Would ChatGPT be able to beat the likes of Warren Buffett, going forward?
Replace fully is a hard question, I don't know yet. But replace partially is easy and they absolutely will. Whether this is 30% or 80% we'll have to see, depends on tools!
Warren Buffett is interesting because he's got the most copyable investment strategy on the planet, and still is going strong after 70 years. So ...
Thanks Rohit, interesting project!
Do you have anything written about the negative impact to the economy in the form of job loss? If not, do you mind sharing your opinion on this?
Not really. Though this might be a pointer - https://www.strangeloopcanon.com/p/what-would-a-world-with-agi-look
In general I think creative destruction includes creation so I feel it will have job loss for sure but also job creation aplenty. How precisely that will work is impossible to tell a priori ..
Thanks, very insightful.
Great stuff! 💚 🥃
Thank you sir!
Will AI/ChatGPT really replace human analysts and portfolio managers? Will AI/ChatGPT will be able to take decisions based on qualitative factors such as management quality, business model, moats? Would ChatGPT be able to beat the likes of Warren Buffett, going forward?
Would love to hear your take. Thanks.
Replace fully is a hard question, I don't know yet. But replace partially is easy and they absolutely will. Whether this is 30% or 80% we'll have to see, depends on tools!
Warren Buffett is interesting because he's got the most copyable investment strategy on the planet, and still is going strong after 70 years. So ...
Yes, the jury is still out on this.
We've seen "When dinosaurs ruled the earth" in the movie Jurassic Park.
Maybe in a couple of decades, someone will write, "When human analysts ruled the investing world."