Talk Your Book: Building Portfolios with AI

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 15 January 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode, Michael Batnick and Ben Carlson are joined again by Chris Shuba, Founder and CEO of Helios Quantitative Research to discuss: the experience of a diversified investor in 2023, utilizing AI to build portfolios for advisors, Helios' latest trading service offering, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits Talk Your Book is brought to you by Helios.
0:03.0	For advisors go to Helios Drives to differentiate their firms, build portfolios, all these different solutions.
0:10.0	We're going to talk about some of them today that's Helios Driven.com.
0:13.0	Welcome to Animal Spirits, a show about markets, life and investing.
0:20.0	Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.
0:25.0	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion
0:29.6	of Redhol's wealth management.
0:31.4	This podcast is for informational purposes only and should not be relied
0:34.5	upon for any investment decisions. Clients of Riddholds Wealth Management may maintain positions
0:39.6	in the securities discussed in this podcast. Welcome to Animal Spirits with Michael and Ben.
0:47.0	Michael, you and I have had a few talks with firms that want to use AI to help
0:52.0	advisors make their businesses more efficient.
0:54.4	And a lot of them, it sounds really interesting, especially when we bring it up to the
0:57.2	advisors that we work with. My only concern is what if you hit your wagon to the wrong horse is that the saying goes?
1:05.0	That's a sign and it just ends up being Microsoft or Google come in and smashes them or and they're
1:10.3	not as relevant so that's the only concern.
1:13.3	I guess it's early enough days where you can play around
1:16.2	to things and mix and match, though.
1:17.3	That's my only AI worry.
1:19.2	Most of the early companies that we've seen
1:22.4	are like sort of behind the scene advisor
1:25.6	assist type tools. The conversation that we have with Helios today, they're
	...

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