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Podcast: Money Life with Chuck Jaffe
Episode: GenTrust's Besaw: A.I. isn't 'magic,' but the market is acting as if it is
Description: Jim Besaw, chief investment officer at GenTrust, says that the market is pricing everything as if all artificial intelligence ideas are going to come through and deliver revolutionary change and profits, and that investors are ignoring the risks that come with the technology. That could be setting them up for a fall, although Besaw is neutral on the market rather than negative, and is also neutral on asset allocations, noting that he's not leaning into specific sectors or markets -- with the possible exception of favoring international markets slightly to domestic -- and is instead at baseline levels trying...