Pro stock pickers cannot beat simple math — war in the Middle East is proving it
Active stock pickers almost always lose against the broad market. They can’t beat simple math.
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The biggest risk facing digital assets is infrastructure concentration
Forward look: As the regulatory landscape for digital assets becomes clearer, it is vital that stablecoin reserves, custody and settlement services, and the provision of liquidity not be concentrated within a small number of companies. What’s at stake: If an increasing share of the digital dollars end up relying on the same banks, the same…
Most Canadians marry without ever seeing a financial advisor
Respondents estimated a wedding at roughly $19,000 on average, according to BMO, spread across food and drinks ($4,884), the venue ($4,201), attire ($2,951), travel and accommodation ($2,834), photography ($1,648), decorations ($1,713) and entertainment ($1,603). Even so, 63 percent said being married involved more financial planning than they had expected. The costs extend to the guest list. Attendees expected to spend…
Time saved by AI partially canceled out by time spent checking AI
The time saved by using AI is being eroded by the time spent verifying its outputs. Processing Content This is according to recent data from accounting ERP provider Sage, which found that 48% of finance professionals across various industries spend 15 or more hours per week on verification activities. And those are the lucky ones,…
COMMENTARY: The SaaS Playbook Built Your Finance Stack. AI Is Breaking It. – Digital Transactions
Finance teams spent a decade assembling best-of-breed tools. One for AR. Another for AP, treasury, FP&A, etc. The SaaS era rewarded this specialization: find a workflow, own it, expand from there. Point solutions won by going deep on single workflows. I spent decades building the billing systems that finance teams depend on. More recently, I’ve…
Wells Fargo unveils AI Teammate to streamline advisor workflow
In its first phase, AI Teammate is focused on helping teams search and summarize material from WFA’s core resource centre. That includes locating answers through plain-language search, condensing product, process and workflow information, guiding users through workflows with clear next steps, and consolidating scattered resources into a single access point. The rollout will extend to…
ChatGPT: Stock Market Without Magnificent 7
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