How the composition of Tesla's autopilot software gives clues to how we should invest, recognizing there are no perfect algorithms for driving or investing. In this episode you’ll learn: Why Americans are afraid of self-driving cars.How autonomous automobile software works.Why people reject even the best possible algorithms.What are examples of safety features and rules of thumb we should build into our investing process.Why does everyone think a recession is coming soon even … [Read more...]
256: Will Artificial Intelligence Change Investing?
How does artificial intelligence and machine learning work and what are some examples of how individual investors can use AI in their investing. In this episode you’ll learn: What is artificial intelligence, machine learning and deep learning.How is AI being used by different industries.How are AI models built with supervised and unsupervised learning.What are the components of a quantitative trading model and why it is insufficient to have an AI based stock ranking service.What … [Read more...]
198: Capitalism Is Creation
Why save for retirement if capitalism is going to collapse and/or universal basic income will be available. How Millennials can lead the next work transition. In this episode you’ll learn: Why some Millennials aren't saving for retirement. How artificial intelligence will lead to job losses but won't take over the world. Why capitalism is more creative than state-controlled socialism. Why universal basic income is a bookkeeping problem, not a money problem. Show … [Read more...]
184: Massive Job Losses Are Inevitable, But There Will Still Be Work
Why technology eliminates jobs but doesn't increase the level of unemployment even though for more than 50 years that has been the worry. Photo by Christopher Burns In this episode you’ll learn: How fear of technology destroying jobs has been around for decades. What is the relationship between GDP growth, employment and productivity. How more and more jobs are involved in services dealing with complexity. What types of jobs are less likely to be replaced Show … [Read more...]
