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Every now and then, markets take a step back. Prices dip, news outlets highlight the “losses,” and social media fills with speculation. For some investors, this sparks worry and leads to hasty decisions.
But for disciplined, well-prepared investors, especially those working with a trusted fund management partner like AAM these moments are simply part of the investing journey. They can even be an opportunity to strengthen a portfolio.
Making money entails a lot more than predicting which way the stock or bond markets are heading or trying to figure which stock or fund will double over the next few years. For the great majority of investors, making money requires a plan, self-discipline and desire.
We want to bring your attention to reports of unauthorized individuals or entities that have been impersonating as personnel of Aggregate Asset Management Pte Ltd (“AAM”) via Telegram and WhatsApp, and inviting people to join group chats.
Two Hollywood movies about AI are etched in my memories. The first one is Stanley Kubrick’s classic Space Odyssey 2001 which launched this series “Man versus Machine” where Aggregate Asset management’s stock-picking AI is pitted against human beings represented by Warren Buffett’s Berkshire Hathaway and various stock market indexes.
In the eyes of Professor Kishore Mahbubani, the strategic rivalry between the US and China is one between a flawed incumbent superpower and a challenger who is growing stronger each passing day.
The “Man versus Machine” competition is nearly coming to an end. We have beaten everyone except the MSCI AC World Index which we are neck-to-neck and we lost to Warren Buffett significantly. Without sounding presumptive, I think we have demonstrated that AI has a definite place in picking stocks.
We are 10 months into the competition, having clocked nearly 300 days. And we have beaten everyone and every index except Warren Buffett.
Kevin Tok, our co-founder and executive director, posed this challenge to us: Can AI beat human fund managers and analysts in stock selection? The proxy for this would be Aggregate’s own Aggregate Value Fund (AVF), Kong coined this contest “Machine versus Human”. I share both the founders’ innate curiosity and the result is this new column for The Edge Singapore.
After nearly nine months, Deep Deep, our stock picking AI, has achieved an amazing return of 23.42% since inception (Oct 17, 2022). Against the competing benchmarks, Deep Deep has outperformed the DJIA by 7.58 % and Aggregate Value Fund (AVF) by 3.06%.
Deep Deep, our machine learning AI, is still top of the charts after nearly eight months. Since its inception (Oct 17, 2022), Deep Deep’s portfolio has reigned supreme with 23.54% returns, beating Berkshire Hathaway by 1.15% and Aggregate Value Fund (AVF) by 6.66%.