> This pile of tasks is how I understand what Vaughn Tan refers to as Meaningmaking: the uniquely human ability to make subjective decisions about the relative value of things.
Why is that a "uniquely human ability"? Machine learning systems are good at scoring things against some criterion. That's mostly how they work.
Something I learned from working alongside data scientists and financial analysts doing algo trading is that you can almost always find great fits for your criteria, nobody ever worries about that. Its coming up with the criteria that's what everyone frets over, and even more than that, you need to beat other people at doing so - just being good or event great isn't enough. Your profit is the delta between where you are compared to all the other sharks in your pool. So LLMs are useless there, getting token predicted answers is just going to get you the same as everyone else, which means zero alpha.
So - I dunno about uniquely human? But there's definitely something here where, short of AGI, there's always going to need to be someone sitting down and actually beating the market (whatever that metaphor means for your industry or use case).
Finance is sort of a unique beast in that the field is inherently negative-sum. The profits you take home are always going to be profits somebody else isn't getting.
If you're doing like, real work, solving problems in your domain actually adds value, and so the profits you get are from the value you provide.
If you're algo trading then yes, which is what the person you're replying to is talking about.
But "finance" is very broad and covers very real and valuable work like making loans and insurance - be careful not to be too broad in your condemnation.
I think this is challenging because there’s a lot of tacit knowledge involved, and feedback loops are long and measurement of success ambiguous.
It’s a very rubbery, human oriented activity.
I’m sure this will be solved, but it won’t be solved by noodling with prompts and automation tools - the humans will have to organise themselves to externalise expert knowledge and develop an objective framework for making ‘subjective decisions about the relative value of things’.
Why is that a "uniquely human ability"? Machine learning systems are good at scoring things against some criterion. That's mostly how they work.