414- Separate the Wheat from the Chat

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.6 • 1.6K Ratings

🗓️ 18 April 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Hey ChatGPT, what’s your deal and and why should investors care? The relatively young world of AI hold a huge amount of both potential, and also countless unknowns. What’s the utility of a tool with such a huge amount of information both good and bad, and how much can we trust that tool to discern the difference? As financial corporations develop their own AI tools, the ability to take advantage of their power without succumbing to their weaknesses will be a difficult but crucial skill to master. This week, Phil and Danielle take a look at the state of AI and machine learning in 2023 and the potential impact it could have on the investing world. To find your own weaknesses as an investor, click here to take our Investing Personalities Quiz: https://bit.ly/40k6k7M Topics Discussed: Rule #1/Value Investing SmartLess AI Hallucination BloombergGPT Resources Discussed: ChatGPT Bard Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:40.1	Hey everybody this is Phil Town. And this is Danielle Town. Welcome to the
0:44.2	invested podcast where my daughter and I are discussing rule one style
0:53.5	investing, rule one style investing value investing. It comes it comes it comes
0:58.1	from the notion that we shouldn't lose money. We should focus on not losing
1:02.5	money. That's the key criteria for determining you're going to make an
1:05.2	investment. And we should also focus on making a lot more money than you can
1:12.0	just put in your money in a mutual fund. Of course. And an ETF. Or else I spend the
1:18.8	time. Or else why spend the time. That's what I always say. Why spend the time
1:24.6	because none of us got any of it. So I'm back home. Yay I'm back home. It's
1:33.0	great. And it's going to be home. I'm feeling better. I don't like it when you
1:41.8	say that stuff because then the next thing that happens is then I go back
1:44.7	down. So I'm very jinxied. Yeah let's knock on some wood. But I'm doing better
1:52.3	and it's great. And the wonderful thing is that I was able to go see my family. I
1:58.6	was able to go see you. And it's just been it was so long. So it was wonderful. We
2:04.8	talked about doing a podcast in person together but then we were just so happy
2:08.1	being together that we didn't do that. The twins the twins take over our lives.
	...

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