Wall Street pays $25k/day for his AI training; you can get an hour of it free
TL;DR: I’m doing an AlphaSense webinar focused on using AI as an investor, and of all the webinars I’ve done with them, this is the one I’m most excited for. Why? We’ve got two great experts whose full-time job is to help investors with AI: Dave Wang (who charges Wall Street banks >$25k/day to train their employees on AI) and Ben Collins (who works with investors on implementing AlphaSense’s AI tools). We’re recording early this week and launching the webinar next week, so you can sign up here to access the webinar when it launches (and you can always drop me a note if there are any pressing questions you think I should hit!).
By far the dominant theme in the markets this year has been AI. AI winners are skyrocketing and AI losers are left for dead.
But AI is the dominant theme for investors as well. Almost every conversation I have with an investor at some point turns to AI. For investors, AI is alternately terrifying and exciting: exciting because it can function as a force multiplier that allows you to build tools that were previously prohibitively expensive, analyze data in ways that previously weren’t possible, or dive deeper into research than one person would have been able to on their own. But that excitement comes with a terrifying price. For me, AI has created more than a little existential fear: given how powerful AI tools are, it makes me wonder how long humans will have a real role in the investment process (and if we should hedge that career risk by buying some of the AI winners!).
On top of that existential fear, AI causes one other fear: the fear of being left behind.
There’s an old saying in investing, “whoever turns over the most rocks wins.” AI can improve an investor’s ability to turn over rocks in a lot of ways. It can summarize earnings calls, automate workflows, improve productivity, etc. Imagine that an investor discovers a way to “turn over” 5x more rocks with AI. That’s an incredible advantage…. it’s not a lasting one because other people will figure out how to do that as well, but it’s also one of your worst nightmares as an individual investor. Why? Because, unlike many other industries, investors are generally self taught or learn through an apprenticeship model very early in their careers. If a new tactic (like using AI) comes along later, it’s really easy for an investor mid-career to fail to learn it and get left behind.
Imagine being an investor who started in the 80s and didn’t know how to use spreadsheets or email…. maybe that can work for you if you’re Warren Buffett (so you can do spreadsheets in your head and you’re already so rich/powerful that people are willing to work around your lack of email), but for mere mortals you’d need to learn spreadsheets and email or get left behind. There’s a decent chance AI today is what spreadsheets were in the 80s, except on steroids: it accelerates everything you do, not just math.
So, given all that, I’m always trying to learn how to use AI in better ways…. and I think a lot of you are too, because all of my posts on AI have gotten a torrent of responses from people looking to swap tips and tricks. I mentioned that to my friends at AlphaSense, and they agreed to host a webinar focused on using AI as an investor. I’ve done a lot of AlphaSense webinars, but this is probably the one I’m most excited for.
Why?
Because I think we have the perfect experts to address exactly those fears.
Dave Wang is the CEO of Wall Street Prompt. They charge Wall Street banks >$25k/day to train their employees on AI; I think there’s more than a little signal in how valuable his training / teaching is in that number, and I believe it’s a real coup to get him for an hour on a free webinar.
Ben Collins works directly with investors on implementing AlphaSense’s AI tools, so he’s the perfect person to ask about using more finance focused tools (like AlphaSense) and getting more granular color on how the most AI-forward investors are incorporating AI into their workflow.
We’re recording the webinar early this week and launching it next week…. which means there are two things you can do if you’re interested:
Most importantly, you can sign up here to access the webinar when it launches
If you have questions that you think I should ask either Dave or Ben, you can lob them into the comments below and I’ll try to hit them.
I can’t promise this webinar will have you turning over 5x more rocks…. but given what Dave charges Wall Street for his time, I’d bet you walk away with a few new tricks for free. Sign up here.