Has AI been helpful in sourcing investment ideas?

[Peregrine]

Didn't see this topic on the front page so figured I'd create one. We've heard a lot about AI and its potential for efficiency - has anyone had any experience in using it to source investment ideas? If so, what were some of the learnings? Did it help at all in streamlining things or uncovering opportunities?

[Sweet]

For me?  No, not at all.  It has not been a source of creation of investing ideas, and I’ve tried a range of prompts and I just didn’t like any of the ideas it spat at me.
 

It has however been a great source of quickly getting information about companies I like.

[NnnnotSoSmart]

I follow this guy (former Fidelity analyst):

 

https://behavioralvalueinvestor.substack.com/p/ai-for-serious-investors-1-the-special

[Sweet]

4 minutes ago, NnnnotSoSmart said:

I follow this guy (former Fidelity analyst):

 

https://behavioralvalueinvestor.substack.com/p/ai-for-serious-investors-1-the-special

Very interesting.  I don’t rate my abilities to understand these special situations, my prompts on a free model have very vanilla.

[Longnose]

I have had it generate several ideas for me that I didnt put any money in and it makes me sad sometimes. biggest example VRT. I asked over a year ago what are some companies that will benefit from the AI wave that are lesser known and value may not be fully baked in. It told me about VRT in the cooling space and several others. I read a bunch of stuff on VRT but ultimately decided to pass.  Wish i had thrown a few % at it. I have a hard time buying things that just keep going up.

 

I like it for broad category ideas. then i can go thumb through names.

 

I mostly use AI to look for opposite opinions and argue with me about my thesis's I like to try and defend my investments to make me feel like ive really done my homework and feel confident in the case regardless of what Mr. Market wants to ascribe value to.