AI Was Fearless…and Right!

The market was wrong this week, but the problems haven’t gone away and haven’t been solved. There are $9 trillion of them. I would rather listen to my algorithm than all the talking heads on the media.

There needs to be a new world order, that works. Monetary weapons and economic weapons are still weapons. Trade wars and threats have to be replaced by negotiations and a recognition that no one, including us, is as bad as they were or as good as they can be.

Isolationism is not the right path forward and us versus them is not the way. As long as the world stays on this path we are going to be dealing with increased market instability that is going to require new investment tools. Not the old ones I taught 20 years ago.

I am trying to learn about these new tools. So should you.

About Frank Sortino

Frank Sortino is finance professor emeritus from San Francisco State University and Director of the Pension Research Institute which he founded in 1981. For 10 years he wrote a quarterly analysis of mutual funds for Pensions and Investments Magazine and he has written two books on the subject of Post Modern Portfolio Theory. He has been a featured speaker at many conferences in the U.S., Europe, South Africa, and the Pacific Basin. Dr. Sortino received his Ph.D in Finance from the University of Oregon and has carried out research projects with many institutions like Shell Oil, Netherlands and The City and County of San Francisco Retirement System.
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