4 ms·
> It seems really good for routine tasks, like high frequency trading, but maybe not so great for these big one-off deals which constitute many of the best inve
by longerthoughts 9y ago
> It seems really good for routine tasks, like high frequency trading, but maybe not so great for these big one-off deals which constitute many of the best investments.
I understand what you mean from an opportunity identification perspective, but you have to keep in mind that even the "big one-off deals" require routine tasks at a lower level to verify the merit of such deals. If you think about tasks like reviewing financial statements, AI could provide faster evaluation and potentially identify trends that would elude a human analyst. In any case, Buffett is known for avoiding investments in companies he doesn't deeply understand and I would bet the same stance holds for employing new technology in his investment process.
- headmelted 9y agoI don't see any reason to believe this isn't happening already. As old school as Buffett is (and the man is a legend in my eyes), it just doesn't seem a stretch to think that they're running at least some deep-learning-based analysis over the deals they consider. Whether or not they give any weight to the output is quite something else, but it would be such a (relatively) trivial cost to get that answer that it seems less likely they'd not do it.
- tim333 9y agoI'm pretty sure Buffett doesn't use that stuff. Although he reads the papers so he may pick up on things other people have done.