[China Buffett] Duan Yongping: AI Stock Trading Outperforms Humans, White-Collar Job Outlook Worries

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Artificial intelligence (AI) is expected to impact various industries, including finance and investment research. Known as the “Chinese Warren Buffett,” Duan Yongping stated that AI-driven stock trading will definitely perform better than most people and believes many jobs will be affected by AI.

A proponent of value investing, Duan Yongping was asked on his Snowball account “The Great Way Is Invisible, I Have Form” whether AI would outperform most people in value investing. He responded, “At least AI stock trading will definitely be better, since genuine value investing is already quite rare.”

A netizen asked Duan Yongping, who studied economics at Fudan University and interned at several financial institutions but felt overwhelmed, and now wants to pursue a master’s in management consulting, believing the financial industry has a better future. They hoped for his advice. Duan Yongping said that AI is so powerful and becoming even more so, describing it as a profession that will be hard to find jobs in the future.

Regarding whether AI will replace jobs on Wall Street, Duan Yongping said, “I think most sitting jobs and some standing jobs will face significant challenges.” He also openly expressed hope that AI remains just a tool.

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