Post #2256 by BreckHutHigh on the US Policy board

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Howard Marks was recently asked a similar AI question:

(38:50 min)
Q:AI- Artificial intelligence. How is this, in your view, going to impact the investment industry?

(42:15 min)
Marks: The question is will AI and so forth doom all of us? And I like to believe the answer is no, because I like to believe that there are some things that we can do...that the best investors can do, that others can't do. And the examples I give are; 1) Can a computer sit down with five business plans and determine which one will become Amazon?; 2) Can a computer sit down with five CEOs and figure out which one of them is going to be Steve Jobs?; and finally 3) In our own (distressed debt) world, can a computer sit down and look at a bankruptcy proceeding and determine how a company is going to be restructured? And I think not."

No transcript, but some might find it worthwhile watching the entire interview. One of Marks' better ones.

https://www.youtube.com/watch?v=UzwNdxnEUQQ

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