91
AI Could Soon Replace Entry-Level Wall Street Analysts
(www.techtimes.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 13 Apr 2024
91 points (91.7% liked)
Technology
34110 readers
591 users here now
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
founded 5 years ago
MODERATORS
It's not though, because you don't know about the trades ahead of time. If you can use delayed info, the actual stock market is delayed info too. You only know about it after it happens.
Many of them tend to hold for weeks or months. They’re not day trading. “Just a little light insider trading” while overseeing the industries they buy and sell.
Right but you still can't trade on that. I mean, if you can please do, but you really won't get actionable info by knowing that someone in Congress holds some shares of UPS.
It’s profitable enough that two firms built models around it.
Just because an ETF exists doesn't mean it's a good investment. ETF sponsors make a percentage based on assets under management. It doesn't matter if they make money, just that you invest. Kind of like a salesperson working on commission.
I would say the fact that there's only a few managers using this strategy means it doesn't work.
Fair point. It’s also too new for us to truly gauge its success. I guess we’ll know in six months.
Isn’t that article a year old already? It looks like NANC outperforms the market sind it started.
These investment ideas aren't new. This information has been available publicly for a long time. It doesn't give you any benefits above a normal index fund.