The Impact of ChatGPT on Investing with Alejandro Lopez-Lira
Excess Returns
00:00
The Future of Stock Picking
The predictability is going to be concentrated within smaller stocks. I expect the competition to get harder for humans, harder for retail traders that do not have high computing capabilities. In some sense it's just going to increase market efficiency. Right now it takes one day for the information to be incorporated fully. Maybe it will take like 10 minutes in one year.
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