Don’t Take Financial Advice from AI

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Money For the Rest of Us

J. David Stein

561 episodes

6 days ago

A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com

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Don’t Take Financial Advice from AI

Money For the Rest of Us

26 minutes 36 seconds

3 weeks ago

Don’t Take Financial Advice from AI

How AI gets simple finance wrong, and how to make it work for you, not mislead you Topics covered include:How AI ignores the time value of moneyA detailed example of ChatGPT misleading by making a simple math mistakeSome examples of opportunity costs and sunk costs when making financial decisionsUnderstanding how AI works can help us use it more effectively Sponsors Claude.ai - Sign up for Claude today and get 50% off Claude Pro Money for the Rest of Us Plus Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Show Notes What Kind of a “PhD-level Expert” Is ChatGPT 5.0? I Tested It. by Gary Smith—Mind Matters Top US Army General Says He’s Letting ChatGPT Make Military Decisions by Joe Wilkins—Futurism Why Language Models Hallucinate by Adam Tauman Kalai, Ofir Nachum, et al—Arxiv Auto Loan Calculator—nerdwallet Related Episodes 538: Forests, Fakes, and the Fight for the Real 457: AI’s Fork in the Road: Societal Bliss or Existential Threat 450: How Higher Interest Rates Alter Our Financial Blueprint See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.