InvestED: The Rule #1 Investing Podcast

414- Separate the Wheat from the Chat

Hey ChatGPT, what’s your deal and and why should investors care?

The relatively young world of AI hold a huge amount of both potential, and also countless unknowns. What’s the utility of a tool with such a huge amount of information both good and bad, and how much can we trust that tool to discern the difference?

As financial corporations develop their own AI tools, the ability to take advantage of their power without succumbing to their weaknesses will be a difficult but crucial skill to master.

This week, Phil and Danielle take a look at the state of AI and machine learning in 2023 and the potential impact it could have on the investing world.

To find your own weaknesses as an investor, click here to take our Investing Personalities Quiz: https://bit.ly/40k6k7M

Topics Discussed:

Rule #1/Value Investing

SmartLess

AI Hallucination

BloombergGPT


Resources Discussed:

ChatGPT

Bard


Learn more about your ad choices. Visit megaphone.fm/adchoices

Phil Town is a hedge fund manager and author of 3 New York Times best-selling investment books, Invested, Rule #1, and Payback Time. On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week. Subscribe and leave a review. Questions? Email questions@investedpodcast.com.