AI BS
Navigating AI in Financial Advice: Trust, Verification, and Pitfalls
Navigating AI in Financial Advice: Trust, Verification, and Pitfalls
This week's blogpost - https://bahnsen.co/3I6jBxC
Navigating AI in Financial Advice: Trust, Verification, and Pitfalls
In this episode of the 'Thoughts and Money Podcast,' hosts Trevor Cummings and Blaine Carver discuss the role of AI in financial advice, highlighting both its benefits and potential risks. They share humorous anecdotes about AI mistakes, such as a false story about Lionel Messi and Travis Kelsey, and emphasize the importance of critical thinking when using AI-generated information. The conversation evolves into a broader discussion on what constitutes good advice, stressing that quality advice should come from credible sources with accountability, educational background, and understandable explanations. They conclude by advocating for the use of AI as a supplementary tool, not a primary decision-maker.
00:00 Welcome to the Thoughts and Money Podcast
00:09 Marriage, Money, and Pop Culture
00:47 The AI Error: Messi and Kelsey Engagement
02:38 The Role of AI in Financial Advice
03:42 Trusting AI: Personal Experiences
08:32 The Disneyland Email Scam
11:56 The Importance of Critical Thinking
18:36 What Good Advice Looks Like
28:28 Conclusion and Listener Engagement
Links mentioned in this episode:
Trevor is a Partner, Director of our Private Wealth Advisor Group, and Author of Thoughts on Money.
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