New AI Stock Pickers Are Destined to Disappoint: Nir Kaissar

The video discusses the challenges and potential of AI in stock picking. It highlights that AI faces hurdles such as market fees, lack of track record, and the need to offer something novel beyond index funds. While AI could potentially improve market efficiency, investors face difficulties in choosing the right AI without a track record. The video suggests that AI could help maintain market efficiency, allowing more people to invest in index funds without worrying about mispricing.

What challenges do investors face when trying to evaluate AI stock pickers?

What potential benefit does AI bring to the market efficiency debate?