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A comment on Half of US stock fund assets are now invested in index funds. Parent comment
As active investors are basing their decisions on p/e ratios and EBITDA then algorithmic choices can substitute for the lack of human traders.
In fact, traders are the ones who should be worried about AI, not taxi drivers. We're going to need a lot less traders and more data scientists.
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As active investors are basing their decisions on p/e ratios and EBITDA then algorithmic choices can substitute for the lack of human traders.
In fact, traders are the ones who should be worried about AI, not taxi drivers. We're going to need a lot less traders and more data scientists.