Latest / The Investor Coaching Show with Paul Winkler
Warning: AI Recommends What It Learns From Industry Marketing Materials
At a staff meeting this week, an advisor shared that a client used AI to find a fund with optimal diversification. The problem is that AI trains on the industry’s marketing materials and doesn’t know how to dig any deeper yet. Listen along as Paul explains how AI parroted the fund’s sales pitch and overlooked the fact that it would invest the majority of your money into a handful of companies. Later in the episode, Paul talks about what happened in India when over half a million people applied for 583 jobs and how this shows just how hard people will work to make life better for themselves…
The skinny
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