Of course not, at least not yet.nedsaid wrote: ↑Thu Mar 09, 2023 7:22 pmWell, it seems like an unwritten rule that every good PowerPoint presentation needs a good cartoon. So if it is good for a human presenter, it ought to be good for artificial intelligence. Not sure AI could do good comedy, too many subtleties in life and in language that a soulless computer could not grasp. Would AI understand innuendo?sschullo wrote: ↑Thu Mar 09, 2023 7:18 pmYeah! Right on ChatGPT!nedsaid wrote: ↑Sun Dec 25, 2022 9:52 amNot bad. The algorithm needs to include a joke and a cartoon.JoeRetire wrote: ↑Sun Dec 25, 2022 9:50 am "100 words about Bogleheads" from ChatGPT:
Bogleheads is a term that is used to refer to a community of investors who follow the principles of investment guru John Bogle, the founder of Vanguard Group and the creator of the first index fund. The Bogleheads philosophy emphasizes low-cost investing, diversification, and a long-term perspective. Members of the Bogleheads community often discuss and share investment strategies and ideas on forums and in person at local meetups. The Bogleheads approach is based on the belief that most investors are better off in low-cost index funds rather than actively managed funds, and that it is more important to focus on saving and investing consistently over time rather than trying to time the market or chase short-term performance. The Bogleheads community is known for its emphasis on evidence-based investing and its commitment to helping others achieve financial success.
I vividly remember the dot com bust 23 years ago, and those tech companies failed because the e-commerce inphrasture was not developed YET. Today e-commerce has almost taken over retail.
So much has changed in the last 20 years, just think of what the world will be like in 2043.
Right now, the index fund replaces 99% of human management with just two investments, Total Stock and Total Bond. 1% for contributions, rebalancing, and distribution over the course of a lifetime.
All of the information that one needs about investments and investing is online somewhere. There are hundreds of terrific blogs, podcasts, websites, and articles, both academic and in practice from both professionals and nonprofessionals, about the investing process. ChatGPT can do the heavy lifting with the easy part of investing, constructing a diversified portfolio. (Most financially literate humans can construct a diversified portfolio in about 20 minutes without any help).
But to your point, it cannot replace the hardest part of investing, the investor's head, his or her temperament, emotions, discipline, ignoring distractions from media, fear, and greed.