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@mskursh bring up a good point. I wouldn't rely on AI to make my final fund decisions. Does AI consider manager and/or analyst turnover? Are fund costs a factor? Does AI examine how the fund firm treats its clients?
You guys are so far off base. For all financial questions AI considers only FD1000's flood of self-promoting internet verbiage (aka "garbiage"). AI hasn't yet figured out that "FD1000" = "Fake Data by the Thousands".
for asset alloc. obsessives who dont mind using indices for equity, i suggest the new elm etf. they have been running sma for a while with a unique but explicit process, and recently ahead of several flows such as lessening american equity. plus you get a founder from ltcm using his spectacular disaster to make amends by managing risk first w/low fees.
@mskursh bring up a good point. I wouldn't rely on AI to make my final fund decisions. Does AI consider manager and/or analyst turnover? Are fund costs a factor? Does AI examine how the fund firm treats its clients?
You have to give it parameters otherwise it will just regurgitate what it read on reddit. and i'm not joking. I work in the AI space (we build AI Agents). the more information you give it, the better off the results will be. it will also say things like "if i had X information, i could give you more detail" and then you tell it "well then go get that information" and its like "oooookaaaaayyyy" and then will go fetch it.
AI is also inclined to agree with you. if you said, "I think contrafund is a great fund and i'd like invest in it, should i?" it will usually answer in a positive bent. if you said, "i don't like it but someone told me i should, should i" it will answer entirely differently.
i think its a tremendous tool. I built parameters and it helped my parents build their withdrawal strategy that we ran though a few professionals who were like geez thats pretty accurate. but you have to do work and you have to continue to feed it information you can think of.
"You say, gaudy P/Es produce miserable returns. Under what circumstances will you pay a higher P/E and how high of a P/E are you comfortable paying?"
For better businesses, I will pay a teens P/E. It must be an exceptional business to get me to pay a low twenties multiple. But I do hold more expensive stocks that I wouldn’t buy."
Comments
I wouldn't rely on AI to make my final fund decisions.
Does AI consider manager and/or analyst turnover?
Are fund costs a factor?
Does AI examine how the fund firm treats its clients?
for asset alloc. obsessives who dont mind using indices for equity, i suggest the new elm etf.
they have been running sma for a while with a unique but explicit process, and recently ahead of several flows such as lessening american equity.
plus you get a founder from ltcm using his spectacular disaster to make amends by managing risk first w/low fees.
AI is also inclined to agree with you. if you said, "I think contrafund is a great fund and i'd like invest in it, should i?" it will usually answer in a positive bent. if you said, "i don't like it but someone told me i should, should i" it will answer entirely differently.
i think its a tremendous tool. I built parameters and it helped my parents build their withdrawal strategy that we ran though a few professionals who were like geez thats pretty accurate. but you have to do work and you have to continue to feed it information you can think of.
https://7investing.com/article/my-interview-with-fidelitys-value-investing-legend-joel-tillinghast/
"You say, gaudy P/Es produce miserable returns. Under what circumstances will you pay a higher P/E and how high of a P/E are you comfortable paying?"
For better businesses, I will pay a teens P/E. It must be an exceptional business to get me to pay a low twenties multiple. But I do hold more expensive stocks that I wouldn’t buy."