alt Hacker NewsI disagree, AI agents could help level the playing field. Citadel doesn't have any AI models that are better than what you or I have. Market data is more accessible than ever. As LLMs get better at trading, the difference in capability between you and a professional trader gets smaller.
Also, Claude knows about a lot of the traps that consumers can fall into: spread, execution, risk concentration, etc. -- high chance that if I tell Claude I'm thinking of going all in on AMC because some Reddit post told me to, it'll say "slow down cowboy"
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Could this be a good thing - yes
Will it be is a different thing though. And if it’s not, who exactly is accountable?
With funds and portfolio managers that run them, there’s a clear accountability model (if the fund sucks, the manager loses their job and the company loses credibility)
With AI agents doing the management, who is accountable when the fund sucks? If it’s the customer, we’ve moved accountability from someone who at least in theory, knows what they’re doing to someone who has little to no clue.
> it'll say "slow down cowboy"
Maybe if you prompt it to be highly critical of you, the user.
Otherwise it will absolutely right you out of money.
I believe that your individual ability to execute an order is constrained such that some of the difference is removed. On the other hand, the overall thesis has merits IMHO
What is the point of having a speculative market if everyone has access to the same information and capabilities? You might as well just direct deposit a proportional share of all economic growth relative to investment into every citizens account and be done with it.