this post was submitted on 27 May 2025
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The maker of Deep Seek made it so it would be easier for him to do stocks, which I am doing as well. Unless you all expect us to get degree on how to manually calculate the P/E ratio, potential loss and earnings, position sizing, spread and leverage, compounding, etc., then I will keep using AI. Not everyone of us could specialise on particular areas.
You don't need to calculate any of that, any brokerage or website with stock quotes will provide those numbers. AI could very well hallucinate invalid numbers there, so I wouldn't trust it for calculations.
Oh, and all of those calculations you mentioned are simple to double check, P/E is literally just price/earnings, compounding formulas exist in any spreadsheet program, etc. I can calculate any of those faster than AI can generate a response.
You're speedrunning Danning-Kruger with an impressive force
I use LLM's to help with math/science/coding, and the thing it screws up the most seems to be simple math (typically units/conversion issues) so I would be weary about gleaning financial advice from a chatbot.
Oh yes, I use the bots for projections, which I don't necessarily take on the face value. Some calculations had been off but as long as I gain some actual profits, I am content enough.
I understood those people knew it was gonna mess with all the projections for the development of the US power grid, chip manufacturing and other data center related industries by being more efficient than anything else and they just made money off that.
You don't need AI to do that...