I read an interesting article recently regarding machine learning taking over research analyst roles over the next 5 years or so (https://qz.com/1113633/wall-street-analyst-jobs-ar...).
I also spoke to the CFO of a multi-billion dollar pension fund recently, and he also supported this idea, that in the next 5 years, a majority of research analyst positions on Wall Street would simply be taken over by computers, putting them out of work (at least in public securities). What is your perspective on this? Machines can obviously crunch numbers faster and spot patterns/trends far more effectively.
Do you believe that the era of the research analyst will come to an end by 2030? Does it make any sense at all now to enter asset management or the hedge fund world (on the public securities side)? If so, where should someone interested in fundamental research look into for opportunity?
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