The Risks of Using AI for Investing, with Columbia Business School Prof. Harry Mamaysky

AI Risk Reward

In the AI Risk Reward podcast, our host, Alec Crawford, Founder and CEO of Artificial Intelligence Risk, Inc. aicrisk.com interviews guests about balancing the risk and reward of Artificial Intelligence for you, your business, and society as a whole.

Podcast production and sound engineering by Troutman Street Audio. You can find them on LinkedIn and at troutmanstreetaudio.com

Harry Mamaysky, professor at Columbia Business School and co-founder of Quant Street Capital, discusses his early experiences with personal computers, his studies in AI, his PhD thesis on illiquidity in securities pricing, his time at Morgan Stanley, and his meeting with Ray Dalio. He also talks about his motivation for starting Quant Street Capital and how they provide analytics and portfolio management services to registered investment advisors.

Takeaways

• His PhD thesis focused on the impact of illiquidity on securities prices.
• During his time at Morgan Stanley, he worked in the Capital Structure Arbitrage group and learned valuable lessons from his bosses.
• He had the opportunity to meet and have dinner with Ray Dalio, who emphasized the importance of admitting mistakes and learning from them.
• The origin story of Quant Street Capital was driven by Harry's desire to combine research and investing, and to provide better financial advice to clients.
• Quant Street Capital offers portfolio management services and analytics to registered investment advisors.
• Harry has concerns about AI, particularly in areas like deep fakes and hype.

References

www.quantstreetcapital.com

STAYblog.substack.com