In this episode, I speak with Ashby Monk, who is Executive & Research Director at Stanford Long-term Investing, a part of Stanford University in California. Ashby has been advising most of the large superannuation funds in Australia on governance, organisational efficiency and knowledge management. He is a regular visitor to our country, and has been here 55 times. We discuss the future of the superannuation industry and the role of innovation. Unsurprisingly, this means that we spend a fair amount of time talking about artificial intelligence and the changes it might bring to the industry. Ashby is of the opinion that it will be transformational, while initial problems such as hallucinations are quickly being dealt with. What does AI mean for the super industry? Well, consultants might be in trouble as AI systems will come to play a critical role in providing alternative views or in red teaming. Asset managers, too, will come to feel the heat, and boards might want to add directors with deep technological knowledge. Enjoy the Show!
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Overview of Podcast with Asby Monk, Stanford University
03:30 I've never met a pension fund with an R&D unit.
09:00 I've seen Australia as the future of pensions
10:00 People in Australia don't quite know how cool it is, the member first culture
12:00 There is no professional School of Investing in the world; it is an apprenticeship
16:00 The secret sauce for a pension fund is in understanding your own advantages, weakness and goals
20:00 You can have a culture of knowledge sharing or a culture of secrecy and I don't think you need to do much more than to say those words to understand what is implied
22:30 What attracted m
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