Artificial intelligence is helping me make better decisions.
A good decision means assembling all the information you can. Taking advice. Then, drawing on your intuition and experience, making the best decision you can.
AI assembles and digests information more quickly than any other method.
For example, I was recently assessing the Contact Energy [NZX:CEN] rights offer that took place in March. Given the performance of the Company since IPO (comprising capital growth and income), and the investment in generation growth, I was intuitively keen to participate.
Source: Contact Energy Investor Presentation
AI helped me work out very quickly how much I’d need to invest to avoid dilution, the potential upside of the new investment for the business, and the fit for my investment strategy.
In any event, AI-assisted analysis saved time and provided justification for making a further investment beyond just dilution protection.
Of course, all this computing power requires energy, data storage, and connectivity.
Our readers will have seen the success we’ve had with one hardware business. I’m now interested to look further into this area…
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Simon is the Chief Executive Officer and Publisher at Wealth Morning. He has been investing in the markets since he was 17. He recently spent a couple of years working in the hedge-fund industry in Europe. Before this, he owned an award-winning professional-services business and online-learning company in Auckland for 20 years. He has completed the Certificate in Discretionary Investment Management from the Personal Finance Society (UK), has written a bestselling book, and manages global share portfolios.