Will hard work matter?
In February this year, I started an attempt to automate my investing. I used to spend my nights falling asleep to earnings calls and taking the bus would mean reading financial statements. Effectively, doing homework was something that was all consuming. Within an hour, AI can do more work than I could have done in years. Occasionally, I will still do what I used to do, but now the act of performing equity analysis is purely for enjoyment and curiosity. These days, I am mostly auditing the output of my AI system, looking for questions it’s been asking, ways it has been attempting to answer them, and so on. I can say with confidence, the system I have will invest better than I could. One way to view values is to see it as a framework of how to navigate life. One value that has been useful for all of the history of mankind is the value of hard work. When the wheat needed to be harvested or the spreadsheet needed to be filled out, a human needed to act. Today, even with AI, there is ...
