Investment Strategies: Intuition vs. Algorithms

This chapter explores the conflict between intuitive investing and data-driven approaches, particularly through the lens of Ray Dalio's predictive algorithms. It examines the biases in decision-making and the illusion of validity in stock picking while questioning the reliability of advisors who champion gut feelings. The discussion also delves into the ethical implications of technological advancements, like self-driving cars, and the psychological factors influencing our trust in algorithms over human experience.