How geography contributes to economic growth and can increase or lower the cost of living. Topics covered include:Why living in a developing country like Costa Rica is still relatively expensiveHow Amazon and e-commerce platforms lower the cost of livingWhy we should consider slowing down our rate of consumptionHow geography is impacting the rollout of AI Show Notes Market Research in Costa Rica: Costa Rica is a strong market in Central America providing many benefits.—SIS … [Read more...]
505: Optimization, AI, and Opting Out with Coco Krumme
In our final episode of the year, I converse with author and data scientist Coco Krumme about the benefits and costs of optimization in finance, industry, and our daily lives. We explore AI and its overlap with optimization. We also consider the pros and cons of life optimization and finally discuss the extreme challenge of opting out. Show Notes Optimal Illusions: The False Promise of Optimization by Coco Krumme—Penguin Random House cocofolio.com Coco … [Read more...]
457: AI’s Fork in the Road: Societal Bliss or Existential Threat
One year after the release of ChatGPT, we explore the positive and negative paths AI could take and what individuals can do to assist with a positive outcome. Topics covered include: How David uses AI to increase his personal productivity The societal and economic impacts of AI, including its potential to enhance corporate profitability and individual productivity Changes at OpenAI's executive level are examined, highlighting a shift in the organization's direction and … [Read more...]
439 Plus: New Portfolio Trades, Market Temperature, Providing Investment Help, and TFLO
In Plus episode 439, we continue discussing AI large-language models and how to think about them. David shares two AI-influenced trades in his portfolio. We review a recent editorial by Howard Marks on market timing and the market's temperature. We discuss how to help family members and friends with investment-related challenges. Finally, we discuss how ETF and mutual fund distributions impact the price, using TFLO as an example. … [Read more...]
439: How and Why to Invest in AI
AI models like ChatGPT could lead to massive productivity gains, accelerated economic growth, and higher stock returns. Here's how to invest in AI. Topics covered include: How workers are already using AI models like ChatGPT to boost productivity Why ChatGPT is better at search than Google for certain queries How AI models will change the economic narrative What are ways to invest in AI, including specific ETFs Show Notes Sarah Silverman Sues OpenAI and Meta Over … [Read more...]
424 Plus: CLO ETF Trade, Bonds vs Stocks, Preferred Stock Dividends, and AI ETFs
In Plus episode 424, we review a recent portfolio trade David made. We look at the valuations of stocks versus bonds. We consider why more preferred stocks are non cumulative versus cumulative. Finally, we review an ETF that invests in AI. … [Read more...]
420 Plus: Member Case Study Follow-Up and AI Investing
In Plus episode 420, we follow up with two members featured in previous Plus episodes about what they chose to do. We analyze investing using AI including the AI Equity Powered ETF (AIEQ). … [Read more...]
417: Will Generative AI Replace Your Job?
How sophisticated AI apps from OpenAI and other companies create articles, art, and other works that have never existed. How generative AI will impact business owners, employees, students, and financial markets. Topics covered include: How AI is creating personal finance articles and other creative works ChatGPT's attempt at writing a script for the Money For the Rest of Us podcast How ChatGPT and other large language models work What are the risks and flaws of generative … [Read more...]
265: Invest Like A Tesla
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...]
