It feels like every conversation lately revolves around the latest discovery in AI and how it’s improving x,y, and z. But how does AI impact our industry as Financial Advisors?
David Booth, Chairperson of Dimensional Funds Advisors, recently wrote an opinion piece on AI and the market for the Financial Times. He states, “Can artificial intelligence help pick stocks? More specifically, can investors use AI to determine the fair price of a stock or a bond? I bet a lot of people right now would say yes, given recent advances that allow for the processing of ever greater amounts of information.
I think my AI is better than all the other ones out there. My AI is the market.”