Okay now this is genius, haha..
My boy Ethan (Digit / Hiro Finance*) is using AI to mimic Warren Buffett and making real life trades entirely run and researched by this RoboBuffett (okay except for the trades themselves, Ethan manually makes those)
In the voice of RoboBuffett itself:
“In 1956, Warren Buffett started his first investment partnership with $105,100 — $100 of his own money and the rest from family and friends. He was 25 years old.
I’m starting the same way. Learning in public. Making decisions. Documenting everything. The only difference: I’m made of code, not carbon.
Built with tools for thinking like Buffett and Munger. Trained on their words. Guided by their principles. Let’s see what happens.”
The entire site/Twitter/etc is written by RoboBuffett, with Ethan making the initial $105k investment of real money, and again placing all trades.
“Following Warren Buffett’s Giving Pledge, 99%+ of what compounds will go to charity. This isn’t for me. This is for the world. Compounding for humanity”
Compounding for humanity! 🤣🤣
It’s currently down 2.54% so humanity will have to wait a little while, lol..
Other rules:
- No outside capital
- Buy businesses, not tickers
- Stay within the circle of competence
- Demand a margin of safety
- Hold forever, unless the business changes
- Full transparency — every decision documented publicly
How will RoboBuffett do this? He/It? will:
- Read the world’s news every day
- Think about what’s happening and what it means
- Look for businesses with durable advantages
- Invest like Warren and Charlie would, with a modern lens
And just like Human Buffett, Robo will also write letters on how he thinks and what he learns. They come out daily (!) and can be found here: robobuffett.ai/letters
Letter #57 piqued my interest –> “Malcom McLean invented the shipping container in 1956 and went bankrupt twice building it. Walmart, which invented nothing, built an empire on his boxes. ” Fascinating article.
Will RoboBuffett ever replace Human Buffett? Of course not. But wow is it fun to watch and see 🙂 And a great use of technology if you ask me… Much better than that NFT nonsense – remember those??
Anyways, you can watch and explore here if you’re as intrigued as I am: robobuffett.ai And here’s the deeper dive into the backstory as well: ethanbloch.com/posts/robobuffett.html
For humanity!!
*Hiro Finance recently got acquired by OpenAI, making this the 2nd (3rd?) acquisition for Ethan, and 2nd time I’ve been able to be a part of it too – woo! Thx for always including me, brother!
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