4 ms·
As someone that knows a high-flying portfolio manager who works at a very well known firm that I wont name... I can confidently state these tools are DOA. Ive s
by w2df 6mo ago
As someone that knows a high-flying portfolio manager who works at a very well known firm that I wont name... I can confidently state these tools are DOA. Ive spoken to them at length about the nature of what these people actually do day-to-day. If you think its just about using excel then you're already way off.
They (OAI+Anthropic) very much do not get exactly what these people are doing in the job (accounting+corporate finance+valuation+asset management) and what the actual production process is. These tools are irrelevant, disrupt flow and if anything just add noise to what one is doing.
- z3c0 6mo agoThis might be the first time I've seen a HN comment in a GPT thread that actually reflects what the average business user sees in GPT products. They don't do the job, reliably or well. No amount of wishful thinking or extra tokens will change that.
- w2df 6mo agoNo surprise really. Remember when Steve said 'The computers for the rest of us'? I suppose it isn't a surprise. Are researchers/generally geeky people meant to be able to relate to the average person's day-to-day beyond their sphere? Lmao. You can't produce stuff for people you don't understand. Understand being a very key term.
- brcmthrowaway 6mo agoI know the firm - it's RenTech.
- w2df 6mo agonah the firm in question has much higher AUM.
- brcmthrowaway 6mo agoCitadel
- esafak 6mo agoWhy are they irrelevant? You do not say anything.
- airstrike 6mo agoAs a former investment banker, I mostly agree. This is probably 10% of the work
- w2df 6mo agoEven 10% might be generous. I bet the bozos at OAI and Anthropic think a person who deals with stuff like cost of capital is going to go ask an LLM for it.. when in reality the individual needs to know how/why they chose what they did. Comical stuff.