Howard Marks says AI can’t match the edge of great investors

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Howard Marks of Oaktree Capital argues that while AI excels at data processing, human insight remains superior, especially in unique situations and subjective decision-making.
Marks emphasizes that top human investors have an intuitive understanding of risk and discretion that AI lacks.
Although AI can generate hypotheses, Marks doubts its ability to consistently outperform humans in speculation about new developments.
He also contends that AI doesn’t possess the emotional engagement with risk that experienced human investors have, which is crucial for investing success.
Marks foresees AI raising the bar for all investors, but believes exceptional human investors will always outshine it in judgment and qualitative assessment.
He warns of the broader pressures AI is placing on various industries, raising concerns about job displacement.

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