You're exactly right. I've mainly used ChatGPT to expand my circle of competence. I was researching the horse racing industry in Alberta for one of the stocks I'm researching, CNTY. I got on the learning curve quickly when it came to learning about the different breeds, lingo, and life spans of different horses, the ages at which each ho…
You're exactly right. I've mainly used ChatGPT to expand my circle of competence. I was researching the horse racing industry in Alberta for one of the stocks I'm researching, CNTY. I got on the learning curve quickly when it came to learning about the different breeds, lingo, and life spans of different horses, the ages at which each horse reaches its peak performance, and using this info to infer whether the incentive programs for breeders would have an immediate effect on the Alberta horse racing industry. I could imagine that using Google to find the same answers would take 3-4 times as long.
I think what you're talking about is probably quickly approaching us.
Just like how Mohnish Pabrai has an extensive investment checklist. We could feed our checklist into an AI, and whenever we make an investment decision, the AI could be our personal assistant and keep us accountable to our checklist. It's definitely not a stretch for AI to analyze our winning and losing trades and try to find patterns that we aren't aware of. i.e. doubling down on losers too often and winners less often
You're exactly right. I've mainly used ChatGPT to expand my circle of competence. I was researching the horse racing industry in Alberta for one of the stocks I'm researching, CNTY. I got on the learning curve quickly when it came to learning about the different breeds, lingo, and life spans of different horses, the ages at which each horse reaches its peak performance, and using this info to infer whether the incentive programs for breeders would have an immediate effect on the Alberta horse racing industry. I could imagine that using Google to find the same answers would take 3-4 times as long.
I think what you're talking about is probably quickly approaching us.
Just like how Mohnish Pabrai has an extensive investment checklist. We could feed our checklist into an AI, and whenever we make an investment decision, the AI could be our personal assistant and keep us accountable to our checklist. It's definitely not a stretch for AI to analyze our winning and losing trades and try to find patterns that we aren't aware of. i.e. doubling down on losers too often and winners less often