During this interview on The Investor’s Podcast, Howard Marks was asked whether AI will replace human investors. Here’s an excerpt from the interview:
Q1 2023 hedge fund letters, conferences and more
Marks: I just don’t think so!
This is this is an art form. We have thousands of people with high intelligence try to do these things and nobody does it consistently.
So that tells me that it’s not a matter of intelligence, whether artificial or not.
Some people have insight. Some people can make these qualitative, subjective, distinctions. Most people can’t.
So I believe there will still be room left for the few people who can do these things demonstrably better.
You can watch the entire discussion here:
Article by The Acquirer's Multiple.
