Guy Spier: Defy your Urge to Rebalance
In this interview, Guy Spier explains that in a randomly selected portfolio held over a long period, most returns come from a few big winners, while many stocks do little or lose value.
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In this video, NYU Professor Aswath Damodaran shares his thoughts on how AI may cause disruption on a personal level. The media argue that AI is coming for our jobs, and for Aswath, that threat became real when he learned of a bot in his name that had read and listened to everything that he had ever written or said.
Aswath looks at where the AI threat is greatest (mechanical, rule-driven and objective) and what we can do to keep the threat at bay – broaden our horizons, strengthen reasoning skills, work on our weak sides and let our minds wander.
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In this interview, Guy Spier explains that in a randomly selected portfolio held over a long period, most returns come from a few big winners, while many stocks do little or lose value.
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