Michael Fritzell
Person
Michael Fritzell is an investor and author of the Asian Century Stocks newsletter. He has worked in Asian equities for 16 years and writes about international investing, company research, and the use of artificial intelligence in equity analysis.
What Michael Fritzell has said on podcasts
24 statements
AI enables Michael to research roughly ten times more stocks annually.
“Instead of me doing research on 20 stocks per year, I'll do research on 200 stocks.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 0:00
Generative AI can make users significantly smarter and faster.
“I think it's a tool to become significantly smarter and much faster as well, actually.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 2:51
ChatGPT outperformed Gemini, Claude, and Groq in Michael’s benchmark at that time.
“at that time I found that ChatGPT was, was probably the stronger of these models followed by Gemini”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 4:50
Claude subsequently gained market share among large language models.
“since then Claude has taken market share and I've also shifted part of my usage to Claude.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 5:05
AI reduced company research time from several days to less than a day.
“it used to take, you know, 3 or 5 days to get up to speed to a given company, now it takes less than 1 day or maybe just a few hours.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 5:35
AI may enable investors to track roughly ten times more companies.
“maybe keep track of, you know, 10 times more companies”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 5:53
Generative AI outputs can hallucinate and cannot be trusted completely.
“with these generative AI tools, they sometimes hallucinate, so you can't trust them 100%.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 8:41
Investors should not use generative AI for calculations.
“for that reason, I would not use them for calculations.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 8:46
ChatGPT is highly effective at finding obscure data.
“ChatGPT in particular is amazing at finding this kind of obscure data.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 10:14
Claude is effective for proofreading and identifying errors.
“Claude, I think is quite good at proofreading, finding issues, finding errors.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 11:15
Michael’s investing style has substantially improved with AI assistance.
“my investing style has definitely improved a lot.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 15:12
Targeting high IRRs appears to be working better for Michael.
“I'm now targeting high IRRs and trading around that. And that seems to be working, at least for me.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 15:35
Michael buys stocks targeting 20% forward IRR and sells below 10%.
“I now try to buy stocks at 20% forward, you know, prospective IRR. And once they get below 10%, which is kind of like a typical cost of capital, I try to sell the stock or look for better ideas.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 17:16
AI will commoditize investment idea generation.
“idea generation is going to become commoditized.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 18:47
Recently IPO’d companies are often led by growth-oriented first-generation entrepreneurs.
“newly IPO'd companies are often run by first-generation entrepreneurs who, who are still keen to grow the business.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 20:29
Claude can help identify red flags in financial accounts.
“I have a prompt for Claude to find red flags in financial accounts.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 22:10
Providing annual reports or source material improves AI answer quality.
“if you want to get good answers, you always have to actually give it the annual report or the source material.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 23:58
AI cannot rescue momentum investing during a bear market.
“AI is not going to help you if you chase momentum in a bear market”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 25:23
AI can retrieve information quickly but does not ensure correct investment decisions.
“making the right decisions is a different matter.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 25:43
AI has not made people more rational over the past three years.
“it's not like people have become more rational.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 25:55
Investors who do not use AI tools will face increasing competition.
“Competition is of course gonna increase if you don't use these tools.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 26:20
AI will make differentiated views on popular stocks harder to find.
“it's going to be really hard to find differentiated views, you know, or variant views on popular stocks.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 26:52
Microcaps may retain more opportunities because they receive less investor attention.
“Microcaps might be different because people aren't paying attention to them as much.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 27:01
Finding investment surprises will become harder, but Asia still offers many opportunities.
“I'm sure that's gonna get more difficult, but then again, 10,000 stocks listed in Asia. There are plenty of opportunities.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 27:31
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
What others have said about Michael Fritzell
1 statement · 1 positive
Michael’s investing style has substantially improved with AI assistance.
“my investing style has definitely improved a lot.”
Open the episode · Is AI Making Us Dumber? | Michael FritzellListen at 15:12
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
