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00:00The day of operating where, oh, I'm the smart guy and I'm doing it in your head is over.
00:06Actually, you were early to AI before we were even talking about AI.
00:09You turned this all into an algorithm that captures your thinking and your recording, right?
00:13AI has been in existence since 1956, and it has different versions.
00:20What they mean is, can it make a decision?
00:24Computers can make a decision.
00:25And what I learned at an early age, I'm in the markets, that I should write down my criteria for decision-making.
00:34These are my principles for life, for everything else.
00:37Okay, don't just make a decision.
00:40Write down your criteria.
00:41And then when you have your criteria, I could test my criteria through time, and I could make timeless and universal criteria so I know how they would behave.
00:50And I could put them into a portfolio that would allow me to understand what my game plan is.
00:57And with the computer being able to process a lot more inflammation and complexity, like if I take positions, I want to know their correlations and all that.
01:06Can't do that in my mind.
01:07And also do it less emotionally because when you're sitting there with a trade that goes against you or whatever, the day of operating where, oh, I'm the smart guy and I'm doing it in your head is over.
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