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I hear about so many AI powered stockpicking in the investing space that I am even more firmly convinced that just investing in broad indexes like S&P 500 is th
by DesiLurker 3y ago
I hear about so many AI powered stockpicking in the investing space that I am even more firmly convinced that just investing in broad indexes like S&P 500 is the only move left for retail investor. pretty much all the alpha is going to squeezed out even if a small number of these efforts are successful.
- __loam 3y agoI would be shocked if these things outperformed index funds.
- yreg 3y agoAI high frequency traders often outperform index funds. Different kind of AI though. (Although AFAIK some do measure public sentiment through language analysis and use it as one of the inputs.)
- __loam 3y ago> Different kind of AI though. Yeah exactly lol. You can't just slap GPT into a bot and expect it to outperform the purpose built stuff with a ton of domain knowledge built into it. Those bots exist and are successful because they work. This StonksGPT thing is a crappy product built around an overhyped api call.