Human-in-the-Loop

This is definitely not a financial advice article. It simply begins with an example to illustrate how generative AI integrates into daily life. We have always needed access to knowledge: we bought books, asked questions on IRC channels and forums, became regulars on StackOverflow, and now we have tools far more practical than all of them combined. Türkiye is currently going through a mutual fund crisis, and for the past few days, I’ve been sitting back trying to figure out what saved me from getting caught in it. Was it sheer instinct, the reluctance to deal with reporting income to the Finanzamt and filling out an Anlage KAP-INV here in Germany, or simply the glaring asymmetry between risk and reward? I can’t quite tell. After all, I used these investment vehicles for a while myself, and what ultimately kept me selective (and helped me steer clear) was a virtual advisor. ...