This paper suggests that an ever-improving AI construct can easily replicate disciplined strategic asset allocation. The conclusion is that most of the people I have asked for money in my career can easily be replaced, saving time and money. It’s simple, just plug in the right “actual return” number where the expected return is and voila, you know what to do and how much to allocate. Set some basic parameters to avoid horrendous basis risk.

I would also suggest that the other side of the curve – the young analytical turks – can be replaced as information sources. If a PM can get 80% up to speed in 3 minutes of reading before he starts to exercise judgment and how to allocate time, that guts a lot of the graduating class of 2026 and Office licenses.

That leaves me, ye old fount of applicable knowledge, judgey judger of people and incentives, and student of behavior.

Operators are standing by.