[pants2]

I disagree, AI agents could help level the playing field. Citadel doesn't have any AI models that are better than what you or I have. Market data is more accessible than ever. As LLMs get better at trading, the difference in capability between you and a professional trader gets smaller.

Also, Claude knows about a lot of the traps that consumers can fall into: spread, execution, risk concentration, etc. -- high chance that if I tell Claude I'm thinking of going all in on AMC because some Reddit post told me to, it'll say "slow down cowboy"

[voncheese]

Could this be a good thing - yes

Will it be is a different thing though. And if it’s not, who exactly is accountable?

With funds and portfolio managers that run them, there’s a clear accountability model (if the fund sucks, the manager loses their job and the company loses credibility)

With AI agents doing the management, who is accountable when the fund sucks? If it’s the customer, we’ve moved accountability from someone who at least in theory, knows what they’re doing to someone who has little to no clue.

[pants2]

You have to be accountable for what you have the model do on your behalf. I hear what you're saying, but there are also issues with the hedge fund accountability model. There are certainly swaths of fund managers who are only there because they got lucky or had the right pedigree, and more that are better traders but never became a fund manager because they got unlucky or had other passions.

An individual investor can invest with their risk appetite on their time horizon and not be subject to Citadel's "5% draw down in a quarter and you're fired" culture which can be toxic to returns over time.

[demorro]

What is the point of having a speculative market if everyone has access to the same information and capabilities? You might as well just direct deposit a proportional share of all economic growth relative to investment into every citizens account and be done with it.

[pants2]

That's kinda the point of total stock market ETFs lol

[mistrial9]

I believe that your individual ability to execute an order is constrained such that some of the difference is removed. On the other hand, the overall thesis has merits IMHO

[mhitza]

> it'll say "slow down cowboy"

Maybe if you prompt it to be highly critical of you, the user.

Otherwise it will absolutely right you out of money.