NOW: Fed Chair Kevin Warsh says he is creating five task forces to review Fed communications, the balance sheet, data sources, productivity and jobs, and the central bank's inflation framework.
#TaskForce#Fed#Markets#Inflation#Trump
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The reason “AI” as a topic kept getting speakers booed off the stage at graduations this year is that this is the first generation to have used AI throughout college.
They���ve quietly “hacked” their way through their degree; meanwhile, professors used it to write lesson plans, and their entire education started to feel like slop…
Now they're walking into jobs they fear will be slop, too (if they even land one!)
@suekhim sees the other side: "This is the ChatGPT moment for AI learning." AI should be used to further engage students and advance educational outcomes. It should not be used to let students disengage, it should make them think MORE!
Think what @DanielSLoeb1 said about being a great analyst then vs. now is really interesting. I still think there is tremendous value in going through the docs and trying to figure complex stuff out. I also think doing the fieldwork Loeb talks about as what differentiates an analyst now has always been valuable. I would argue both of these skills, going through complicated docs and doing in-person field work, are always valuable and very rare for people to actually do.
On the document-intensive research, I do not think AI can dissect complex capital structures well yet. A company I cover had a complicated transaction, and I found AI largely useless--and this was after there was material in the public domain discussing this deal.
The value of document intensive research in credit land has declined, in my view, because debt markets have changed, partially due to more eyes poring over each document, but more importantly: the rise of creditor-on-creditor violence means that companies and debtholders are getting more aggressive in finding loopholes in agreements / indentures. There is also more value in being a large holder than ever--might is right!--and the level of sophistication has risen.
Also, the number of distressed opportunities has fallen since the 80s/90s. Makes it much, much harder.
Really enjoyed this interview. Huge fan of Dan and Third Point. Great get, @patrick_oshag!
TGIF! HAPPY PAYDAY FRIDAY!!!
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𝗣𝗮𝗶𝗱 𝗖𝗼𝘂𝗿𝘀𝗲 𝗙𝗥𝗘𝗘 (PART - 1)
1. Artificial Intelligence
2. Machine Learning
3. Prompt Engineering
4. Claude,Chatgpt,Grok
5. Data Analytics
6. AWS Certified
7. Data Science
8. BIG DATA
9. Python
10. Ethical Hacking
(72 Hours only )
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