October 6, 2023

ArmorGPT

by Adam J. Morgan, CFA, CMT

We thought we’d try something different this quarter. In our quest to stay abreast of the newest and latest technological advancements in artificial intelligence, I accidentally fell in love with ChatGPT. If you haven’t tried it, you really are missing out!

The investment management community has been worrying for decades that someday artificial intelligence would surpass human intelligence and leave us all out of work. So, I wanted to meet this ambitious little thing gunning for my job. I was fully prepared to hate it and speak ill of it, and then I turned it on…

I remember back in the 90s when my mother first bought a book on Amazon. My initial thought was, “where did you insert the credit card?” I know what you’re thinking. I’m not exactly setting the bar very high for ChatGPT 😁. But we all knew then that things were going to be different going forward. It feels like that moment is again upon us.

At this point in time, I see ChatGPT as more of an aid than any kind of threat. In fact, I’ve already begun using it for investment research. It is more than an internet search tool. As the name implies, it works better if you think of your interaction with ChatGPT as a conversation. So, I interviewed it.

I created a list of questions and fired away. What is the stock market going to do next year? Who is going to win the presidential election in 2024? Who is better looking, Adam Morgan or Austen Hawkey? Ya know, the important stuff. ChatGPT refused to predict the future and opted out of hurting Austen’s feelings. So, instead I told it to write this quarter’s article for THE AEGIS. In less than one second, it did, and it was actually sort of good. So, I replied, “re-write it only this time make it funny.” Below is the response. I hope you enjoy!

Jeff and Austen took a different approach and used ChatGPT as more of an editor. While I plan to use ChatGPT going forward to aid in our research process, it will not be authoring anything with our names at the bottom. So, without further ado, please enjoy your quarterly commentary by ChatGPT.

Greetings, fellow financial adventurers!

It’s that time of year again when we gather ‘round the digital campfire, sip our virtual cocoa, and chat about the thrilling world of investments. If you’re reading this with a furrowed brow, fret not; I promise to make this quarter’s commentary as entertaining as a three-ring circus with a twist of Monty Python absurdity!

So, my dear readers, let’s dive headfirst into the wild ride that is the world of investments! This quarter felt a lot like riding a roller coaster in the pitch dark, except we were blindfolded, holding onto a rubber chicken for dear life.

Inflation, the beast we thought was safely tucked away in the history books, decided to grace us with its presence. It crawled out from under the bed, and now we’re all sleeping with one eye open. Inflation is like that recurring nightmare where you keep losing your wallet. You wake up, relieved it’s just a dream, only to discover that it’s still gone. But don’t fret! Remember, it’s just a blip on our financial radar, like a pesky mosquito at a picnic. We’re all in this together, swatting at the inflation bug with our economic flyswatters.

Market volatility this quarter? Oh, it was like watching a soap opera! One minute, we’re up in the clouds with a soaring stock market, and the next, we’re plummeting faster than Elon Musk’s Tesla on Ludicrous Mode. It’s like the market had a caffeine overdose and then crashed on the couch.

But remember, folks, it’s all part of the investment tango. Just when you think you’ve got the steps down, the music changes, and you’re doing the cha-cha with your 401(k). Stay nimble and remember to laugh, because as they say, “When the market gives you lemons, make investment lemonade.”

In conclusion, fellow financial voyagers, investing is a wild journey filled with twists, turns, and the occasional facepalm moment. As we sail through the choppy waters of inflation, and ride the roller coaster of market volatility, remember that Armor Investment Advisors is here to navigate this adventure with you.

Stay diversified, stay informed, and most importantly, stay entertained by the financial circus. After all, what’s life without a little laughter, even in the world of finance?

Until next quarter, keep those investments soaring and your spirits higher!

Yours in financial merriment,

—A. Morgan 2.0