I also wish that Ed had given us his take on the hyperbolic move upward in GOLD PRICES..so far, this year. HOLY SMOKES..could gold be the new BITCOIN??
l find it puzzling when people say robots can't do a job. they could do every job ,so we could get fat and lazy ,what a boring lonely life ai will bring.
it is great to hear an advisor be pro American stocks. I refuse to send my money overseas, ADR's will pay foreigners last in a default. I avoid them. America need to do the same to foreign investors. People overseas tell me they use American stocks as a tax hedge ,they PAY NO TAX. GREAT JOB AMERICAN POLITICIANS TAX ONLY AMERICANS SMH
Ed literally samples his billionaire friends as "the babyboomer generation" - "we literally just go to restaurants before the golf club..." - awesome! Of course, it was not the crazy fiscal deficit that prevented the US from the recession, oh nooooo...it was golf clubs and babyboomer retirees. Haha, a funny guy.
The content just gets better. Been watching since 2015 and i love your content, guests and way the info is presented. Always watch when it airs at 1230 central time every Sunday on our local PBS station. Bless you and Happy Easter!
@@jasonk125 And he's done very well since 1980. So have I by simply indexing broadly, cheaply, reinvesting dividends when paid, adding to the index by calendar date (not "sentiment"), walking away and NEVER selling. Talking heads are for entertainment only. The shifting madness of the moment is for amusement (bemusement?).
The LLMs are impressive in some respects, but fall flat on their face in others. Sometime in the next decade or two, I believe we will see the real deal AI. But it doesn't mean that LLMs aren't helpful. Their output just needs to be reviewed for validity and optimization.
Most people are missing the point on Ai and what its use cases are for. The main reason for Ai is to drive productivity and reduce overhead cost for labor. It is not the be all solution for anything you want an LLM to do for you. For the most part individuals won’t have access to the real Ai for many years because the cost of adoption is too high. Think about the 50 largest corp in the world and you have your use case. These are the entities that will adopt Ai and not the everyday retail clients. It will be many years before Ai revolution comes to America near you, in large part, we don’t have the energy capacity to consume it.
depends on the definition of 'intelligent'.... but regardless, it's temporary anyway, just a matter of time for AGI that surpasses all human abilities.
Hating on AI lol 😂 the old guard always dismissing new phenomenons and people that scares them. Accept it, embrace it, learn about it, because it’s beautiful and radical technology..
I appreciate his cautious approach. What he misses in his criticism is that once the AI is taught that it has made a mistake it won’t keep making it, unlike humans. And one of the mistake humans make over and over is to mortgage their houses to buy tulip bulbs. I wonder if, with a good knowledge of this history of financial manias, AI would go all in on AI? The truth usually lands somewhere between revolutionary and evolutionary.
Yea - he completely missed the younger under 40 generation. Not to worry, Boomers are eating out a lot - that will kill them eating restaurant food. Those real estate is coming to to market soon
The concept of AI replacing humans has a parallel to those in politics who tried to privatize Social Security. First, you privatize a respected governmental agency/policy, then the private system falters (with equal measures of greed and incompentency), and then, benefits are denied and our revered government can simply declare: "Sorry, it´s not our fault". Let us get in front of this wave and not accept from the outset that if someone is so foolish and careless as to replace human reasoning with that of an undefined system, that someone is NOT PERMITTED to say afterwards, "it´s not my fault." Indeed, the problem is SOLELY that someone´s fault.
