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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%.
Are you eagerly looking forward to retirement, dreaming of carefree days and relaxation? While retirement is often seen as a well-deserved break from work, Ross Andel discusses the potential negative effects of retirement on brain function and ageing in the TEDx talk titled “Is retirement bad for your brain?”
AVF has demonstrated a remarkable Compound Annual Growth Rate (CAGR) of approximately 12.01% over a 3-year period from April 2020 to April 2023. The 40.84% growth rate of AVF over the past three years also outperforms the AC Asia Pacific by 31.17%.