I keep 6 straightforward serving-adult males (They taught me all I understood)
Their names are What and Why and When
And How and The place and Who.
I ship them about land and sea,
I ship them east and west
But following they have worked for me,
I give them all a relaxation.
…
But diverse folks have different sights
I know a particular person small—
She keeps ten million serving-guys,
Who get no rest at all.
She sends ‘em abroad on her personal affairs,
From the 2nd she opens her eyes—
One million Hows, two million Wheres,
And seven million Whys!
– Rudyard Kipling, “The Elephant’s Child” (1900)
Introduction
Concerns are at the heart of investment decision administration. Still few investors have potential to check with far more than a handful of differentiated current market thoughts each and every working day, let by yourself answer them. People who declare to do a lot more are likely lying. But perhaps the god is about to come out of the equipment and, for every the analogue of Kipling’s poem, we are on the cusp of getting able to unleash dilemma-armies of hundreds of thousands onto our investment landscapes.
It is inside of this context that we not long ago turned our attention to what ChatGPT ‘thinks’ about investment system. Broadly talking, our financial investment framework involves two levels. 1st, to determine which inflation episode we are in within just our Hearth & Ice framework (Hearth, disinflation, Ice or reflation). And second, inside of the allowable ranges of every of the four episodes, to figure out what our asset allocation should really be based mostly on three lenses: valuation, development and sentiment.
We thought we’d get ChatGPT to give us a hand with the latter phase of this system. For the sake
