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Investment Strategies / Mechanical Investing
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Author: musselmant ✧  😊 😞
Number: of 3958 
Subject: AI no investing panacea
Date: 08/23/2024 3:56 PM
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In a non-peer reviewed analysis, Sam Wyatt and Gary N. Smith, a student and professor of economics at Pomona College, respectively, found that only 10 of the 43 partly AI-powered investment funds in the market have done better than the S&P 500 during their lifetimes. And the average annual return for all 43 funds was about five percentage points per year worse than the S&P 500. Funds fully powered by AI performed even worse.
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