Polis [cheers and applause] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2019] [applause] [applause] [cheers and applause] gov. Polis good morning, everyone. [indiscernible] gov. Polis good morning to everyone. [laughter] leaders, members of the General Assembly from across our great state, Lieutenant Governor, the ,outhern indian tribal chairman general,n, attorney ,ecretary of state, treasurer members of the state board of education, justices of the colorado Supreme Court, aurora mayor, members of the cabinet, our dedicated first gentleman. [cheers and applause] gov. Polis thank you all for gathering here this morning. Before we begin, i want to offer my gratitude to the many people whose tireless dedication to our safety allows us to gather here today and keeps the people of colorado safe, the members of the military serving in colorado and
About what everybody else is worrying about the flipside of this is also true there is no point in getting excited about something that everybody else is eagerly anticipating why . Because when the vast majority of investors agree that somethings going to happen, that thing tends to already be priced into the stock market while the real economy moves at its own sedate pace you have to build out goods to transport them to retail outlets and wait for the customer to come along and buy them the stock market has no such limitations. Stocks dont quite travel at the speed of light well, how about the speed of thought . They come pretty close the moment of preponderance of hedge fund and Mutual Fund Managers decide that the economy is slowing or speeding up or flat lining, stocks start trading like thats the case instantaneously. It usually takes some time to build that kind of consensus which is why you rarely see these most happening all at once but once the big institutional Portfolio Mana
Next, financial analysts review the impact of Artificial Intelligence on Capital Markets. House Financial Services subcommittee examined ais impact on minorities. Cyber security measures, encouraging more young people to Study Technology and how the us can remainglobally competitive. The task force will come to order. Without objection the chair is authorized todeclare a recess at any time without objection. Members of the full committee not on this task force are authorized to participate in todays hearing. This hearing is entitled robust onwall street, the impact of ai on Capital Markets and jobs and the Financial Services industry. The chair will now recognize himself or five minutes or an Opening Statement area thank you all for joining us today for what should be avery interesting hearing of this task force. Today were looking at exploring how ai is being deployed at Capital Markets from automated trading to Portfolio Allocation to Investment Management decisions. Were going to co
Classes, history classes, Foreign Language classes you can graduate with a deep understanding of quantum phys s physics. You can get a ph. D. In modern literature they teach that in school if you get enough education but you know the one thing they almost never teach in middle school or high school, to say nothing of college, Financial Literacy and im not talking about economics here you could be an econ major and still learn nothing about personal financial planning, retirement readiness, let alone how to invest your money wisely. Money is just not talked about its almost like a third rail of American Education youre a thousand times more likely to read doss capital. Marx is actually a pretty good economist, hes not going to show you how to balance a checkbook, let alone manage a portfolio of stocks. Financial literacy, the third rail thats why aisim on a Constant Mission to teach you how to manage your money so you can be a better investor. Think of this show as a continuing educatio
Terminology and the wall street gibberish that makes the whole process seem really impenetrable there is an entire industry of people earn their living by doing the opposite of that they want you convinced that investing is too hard, that regular people just cant do it. The safest thing is to give your money to a professional or stick it in an index fund. The truth is thats the right call for many of you and everyone should have some index fund exposure. I believe you can manage some of the money as well as the pros. The truth is many of the professionals really say theyre focused on getting your fees theyre more interested in taking your money than making you money. And thats a lot easier if they can keep you ignorant about the market theyre kind of like the the wizard of oz. They dont want you peeking at the man behind the curtain they dont want you to understand, because maybe if you did, youd take control of your finances, pick your own stocks and not pay someone else potentially e