Howard Marks: Great investors demonstrate strength in the weakest areas of AI

Oak Tree Capital Management Co-Chair Howard Marks stated that artificial intelligence (AI) may, like index funds before it, push many investors out of asset management because of its excellent performance in data absorption and pattern recognition. Fund managers who remain in the industry will be those who are experts in areas where AI falls short. These areas include assessing management skills, the importance of new products, and other qualitative factors. Marks pointed out that humans are better at handling situations that cannot easily be addressed with existing models.