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THE DAILY MISSIVE

The Daily Missive

10 Old(er)heads Talk About Intelligence

By May 16, 2023No Comments

Give me a smart idiot over a stupid genius any day.”

— Samuel Goldfish

The Prompt: What are the top AI stock market tools released in the last 30 days? Make a list of 10 and tell me how investors can use them to build portfolios, pick stocks, follow data, and make more money.

Her response: Here are the top 10 AI stock market tools released in the last 30 days:

  1. Neptune.ai is a cloud-based AI platform that provides a variety of tools for analyzing stock market data. Neptune.ai can be used to create automated stock screens, analyze historical price data, and identify potential investment opportunities.
  2. AlphaSense is a financial research platform that uses AI to provide investors with insights into companies and industries. AlphaSense can be used to research company financial statements, news articles, and analyst reports.
  3. QuantConnect is a platform that…

Bard, Google’s artificial intelligence, fades off into responsive oblivion… The human discussion picks up.

Dan Denning: I think you could create an almost entirely automated AI-themed newsletter for investors…about trends in AI…but screening, analyzing, recommending etc….the whole point would be to see if it could be automated….how good are these tools…and how do they perform?

Aside from the geeks….there are no editors/experts yet on using these tools. Testing sooner is better…although I’m not sure what you’re even testing…it’s just…interesting…it reminds me of when I first started getting a weekly CD from marketwatch in 1998 with price data…it’s what I used to run the infamous CXS Money Multiplier Stock System…a screener you could use to run on data…only back then the data wasn’t available on-line. You needed the CD.

Now…more data…more analytical tools…not sure it conveys any investment advantage.

I quip: Hey fellas, sorry app, this was generated by, Bard, yap.

Nick O’Connor: I always knew you’d be first to be seduced by AI, Dan. Safe in your mountain fastness, debating a machine.

John Forde: I’ve already “written” a 70-page book for my sister’s dog grooming/breeding business with ChatGPT. Took about 2.5 hours and only because I had to change the instructions a little for each chapter.

Still had to do the final write up myself because the chatbot was generic and stiff about it. (“Generic and Stiff”… name of somebody’s sex tape). But saved me a lot of time trying to organize the details in the right progression.

I also asked ChatGPT to get me some good quotes about the Fed and how its policies hurt the middle class. Told it to get them from mainstream publications. And it came back with some great ones… plus URLs to the original articles… from Time, Fortune, Bloomberg, etc.

Trouble was, none of the articles actually existed and the quotes were made up.

I’ve noodled around with Jasper.ai, etc. too… I find they get you at least part of the way there… but the best thing they do is just get the conversation rolling… put some clay on the wheel, so to speak… and then it’s up to a human to take it all the way home.

Me, again: Wait, this has to be AI generated! John Forde wrote 70 pages… No way that would ever happen.

Michael Graham: I’m currently working with an editor I’m convinced went fully AI six months ago. PS: ‘I’ve noodled around with Jasper’…another name of somebody’s sex tape.

Bill Bonner: Good for us. The bs blah blah is free. People need real authority more than ever. Sent from my iPhone.

Paolo Cabrelli: Someone asked me “would you read a novel written by an AI?”—maybe out of curiosity. How well could it approximate a Raymond Chandler story? Probably very well. But if there’s no perspective, there’s no value. You want to connect with a perspective, whether that’s a film, book or newsletter.

Conclusion, by ChatGPT: Writers can benefit from using ChatGPT instead of being luddites for several reasons:

  1. Enhanced creativity: ChatGPT can serve as a powerful tool to stimulate and expand a writer’s creativity. It can generate ideas, offer unique perspectives, and help overcome writer’s block by providing fresh angles and suggestions.
  2. Writing assistance: ChatGPT can provide real-time writing assistance, acting as a virtual co-writer or editor. It can help improve grammar, suggest alternative sentence structures, and offer vocabulary recommendations to enhance the overall quality of the writing.
  3. Versatility: ChatGPT can adapt to various writing styles and genres, making it a versatile tool for writers. Whether you’re working on fiction, non-fiction, marketing copy, or technical writing, ChatGPT can assist with generating engaging content tailored to your needs.
  4. Efficiency and productivity: By leveraging ChatGPT’s capabilities, writers can streamline their writing process and increase productivity. The model can assist with brainstorming, outlining, and structuring content, allowing writers to focus more on the actual act of writing rather than getting stuck in the initial stages.
  5. Continuous learning: ChatGPT is continuously improving and learning from vast amounts of data and user interactions. As a writer, you can benefit from the model’s evolving knowledge and language understanding, ensuring that it stays up-to-date with the latest trends, language usage, and writing techniques.

It’s important to note that while ChatGPT can be a valuable tool for writers, it shouldn’t replace the writer’s own skills, creativity, and judgment. It should be used as an aid and a source of inspiration, rather than a complete replacement for human creativity and expertise.

Me, sighing: So it goes,

Addison Wiggin
The Wiggin Sessions

P.S. A poll by MITRE-Harris found a distinct “lack of trust” in AI technology among Americans of all age groups.

“While Americans rely on artificial intelligence (AI) to inform consumer choices—from movie recommendations to routine customer service inquiries,” the study reads, “[Our] survey on AI trends finds that most Americans express reservations about AI for high-value applications such as autonomous vehicles, accessing government benefits, or healthcare. Moreover, only 48% believe AI is safe and secure, and 78% are very or somewhat concerned that AI can be used for malicious intent.

What’s your opinion of the new tech on the block? Sometimes it keeps us up at night… You can write to us here with your thoughts: feedback@wigginsessions.com.

Addison Wiggin: The Wiggin Sessions

Addison Wiggin

Addison Wiggin is an American writer, publisher, and filmmaker. He was the founder of Agora Financial and publisher for 18 years. An acclaimed New York Times best-selling author, his books include: Financial Reckoning DayEmpire of DebtThe Demise of the Dollar, and The Little Book of the Shrinking Dollar. Addison is also the writer and executive producer of the documentary I.O.U.S.A., an exposé on the national debt, shortlisted for an Academy Award in 2008. He lives in Baltimore, Maryland with his family. Addison started his latest project, The Wiggin Sessions, powered by Consilience Financial, in March 2020. He films from a homegrown studio in his basement.

Addison Wiggin

Addison Wiggin Addison Wiggin is an American writer, publisher, and filmmaker. He was the founder of Agora Financial and publisher for 18 years. An acclaimed New York Times best-selling author, his books include: Financial Reckoning DayEmpire of DebtThe Demise of the Dollar, and The Little Book of the Shrinking Dollar. Addison is also the writer and executive producer of the documentary I.O.U.S.A., an exposé on the national debt, shortlisted for an Academy Award in 2008. He lives in Baltimore, Maryland with his family. Addison started his latest project, The Wiggin Sessions, powered by The Essential Investor, in March 2020. He films from a homegrown studio in his basement.