3 ms·
Beware Gell-Mann amnesia when assessing how useful LLMs are for investing research. Don't forget the instinctual response you have to LLMs' supposed abilities t
by gen220 3y ago
Beware Gell-Mann amnesia when assessing how useful LLMs are for investing research. Don't forget the instinctual response you have to LLMs' supposed abilities to write software projects, when assessing LLMs' abilities to comprehend and extract the interesting/relevant parts of a 10-Q/K.
IME, the most useful software tools in investing are analogous to the most useful software tools in software-building: the IDEs, libraries and frameworks that make an increasingly-expert human more effective.
Unfortunately, there aren't any long-term-valuable shortcuts to attaining expertise in any domain, but there are an increasing number dead ends that really look like shortcuts.
- nnechm 3y agoI think you are referring to the more hyped version where somehow LLMs can figure out how to get the most relevant information from 10Ks and do most of the investment process. My mental model is simply that we have an assistant, an amazing assistant that can read pretty well, and we can use them in the investment process.