News Formal

A new ETF uses AI to emulate Warren Buffett's investment style

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 72%

Investment Strategy News

Stock Markets,Omaha,Warren Buffett

Intelligent Alpha is in the works to launch an Intelligent Omaha ETF that relies on artificial intelligence to emulate Buffett's investing philosophy.

Human investors who have tried to replicate Warren Buffett have mostly failed miserably, but now artificial intelligence is taking a crack at it. Investment startup Intelligent Alpha is working on launching the Intelligent Omaha ETF , with the ticker AIWB, that relies on AI to emulate the Berkshire Hathaway CEO's investment philosophy and create a portfolio of 25-30 stocks that it thinks Buffett might buy.

Now that Berkshire's market value approaches $1 trillion, fewer and fewer investments move the needle for the conglomerate, which partly drove Buffett to go all in on Apple. Not to mention, Buffett's reputation as one of the most shrewd and cash-rich investors enabled him to score many lucrative deals through personal negotiations, especially during crises .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Buffett's Berkshire Hathaway surpasses $1T market value: 'Good investment'When the market value hit $1 trillion, Berkshire shares had gained more than 5,600,000% since the year Buffett took over.
Source: nypost - 🏆 91. / 67 Read more »