interesting, chat gpt calculated the last cagr at 45.6% annual return.
optionfarmers
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will the robots become our financial advisors some day?
ReallyMe
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@optionfarmers, the more people use robots as financial advisors, the more robots will compete against each other. not everyone can win. therefore, the market will remain unpredictable, as it always has been, and only the best or perhaps the luckiest will win in the short term. in the long term, if you bet on the rise of the overall market, the robots play less of a role. the only thing that matters is when you convert your shares into the money. in my opinion.
optionfarmers
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@ReallyMe, I see your point. I guess we all have different definitions of winning. As I price more and more companies and assets, I realize that various players have different time horizons and discount rates. Some people are just gambling too. The fluctuations provide entries for different math equations based on expectations. My guess is the robots are already here with passive ETF investing, but I also thin the human behavior of crowds will always stay here as well.