Finding Wisdom in the Age of Artificial Intelligence: Navigating Investing, Emotions, and Technology
This week's blogpost - https://bahnsen.co/3XPJNko
Finding Wisdom in the Age of Artificial Intelligence: Navigating Investing, Emotions, and Technology
In this episode of the Thoughts and Money Podcast, host Trevor Cummings and co-host Blaine Carver delve into the implications of artificial intelligence on the stock market and broader economy. Cummings, who authored a blog post titled 'Looking for Wisdom in a World of Artificial Intelligence,' discusses the importance of emotional intelligence (EQ) over IQ in investing, sharing insights on avoiding emotionally driven bad decisions. The discussion covers the risks and rewards of contrarian investing, emphasizing that being right is crucial, and the importance of wisdom and experience in financial planning. The episode concludes by exploring how AI can enhance, but not replace, the essential human element in financial advising and decision-making.
00:00 Introduction to the Thoughts and Money Podcast
00:17 The Rise of Artificial Intelligence in 2025
02:49 The Importance of Temperament in Investing
12:12 Contrarian Investing: Being Right Matters
20:12 The Both-And Philosophy at The Bahnsen Group
22:03 Embracing Technology with Timeless Wisdom
28:31 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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