I know this isn't wallstreetbets but I can't help but wonder if this is a more secure investment than the usual S&P500.

all 10 comments

sorted by: hot top controversial new old
[–] 24 points 8 months ago (4 children)
  • [–] 20 points 8 months ago* (last edited 8 months ago) (1 child)

    Honestly given how much of a Cargo Cult the finance industry is, I would expect you could outperform the market and investors far more knowledgable than you simply by refusing to be a fool about AI and get scammed by its hype.

    Idk specifics here, but the logic is very sound.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 6 points 8 months ago

    The tacit assumption that troubles me is the idea that the stock market must sooner or later bow to reality in a way that is proportional to its flights of fancy. The basic ideas that underpins value investing, in other words.

    Putting it mildly: I don't feel confident that can be relied upon in 21st century US markets.

  • source
  • parent
  • [–] 11 points 8 months ago (1 child)

    I can't find it in my trading apps. Happy to look into it.

  • source
  • hideshow 1 child comment
  • [–] 8 points 8 months ago (1 child)
  • [–] 2 points 8 months ago*

    AI is perfect for fueling a financial boom: great narrative, incredible promises in short and long term, huge needs and potential, and high risk that it will go terribly wrong. Bankers love that and can create unlimited credit to fuel the fire. But since they constantly create new gambling products, one can also bet that it's not fueled enough and is about to crash. Total schizophrenia.

  • source