After a long break, Bertie found himself back in England. Even on vacation, he stuck to his habit of reading the leading financial paper. With Labour winning a big election, he expected happy news. Instead, he was shocked to see the new prime minister’s approval rating drop by 45% in just two months.
Curious about this sudden decline, Bertie visited a local pub for answers, along with a pint of ale. The young bartender was friendly and offered his opinion. “Have you heard our Chancellor of the Exchequer? Always complaining and blaming the other party, like she’s still in opposition. If things are bad, give us your plan, don’t just moan.”
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Bertie felt there had to be more to it, so he pressed on. “Oh, there’s more!” the bartender replied. “The prime minister and his wife got gifts like clothes, football tickets, and concert passes—people didn’t like that!” It seemed minor to Bertie, who was used to bigger scandals back home. “That’s it?” he asked. The bartender looked at him and said, “It’s hard to stick to your principles when someone else pays for your suit.”
Bertie laughed, thinking the bartender was quite witty, until he realized the line was straight from the day’s headlines.
What About AI?
Everywhere Bertie went, he heard people talk about how AI was going to change everything. Yet, in his life, AI hadn’t really done much beyond making it easier to search for things online. Bertie admits he’s not very tech-savvy, but when experts keep saying AI is the “next big thing,” he tends to believe them.
On a recent trip to New York, Bertie asked an industry expert about it. “AI boosts productivity, yes, but it’s not revolutionary,” the expert explained. “It turns the world into one big searchable document, giving answers in whatever format you want, but that’s about it for now.” The real issue, the expert said, is that the most valuable information is locked away by governments and companies, who are unlikely to share it.
“Anything needing legal or compliance approval will always need human oversight,” the expert continued. “Why was a specific drug given to a patient? How did the court make a decision? Why was a loan approved? AI can help, but humans will always make the final call.”
That made Bertie think. “So, it’s just a gold rush for chips and data centers, and nothing meaningful will come out of it?” he asked.
“I didn’t say that,” the expert replied. “It will improve, and yes, it will boost productivity in some jobs, but it’s not the magic solution people are hoping for.”
IPO Frenzy
Back in England, Bertie’s favorite financial paper told him that the stock market was doing great. The excitement had even reached the pink financial papers, which were buzzing with news about SME listings, IPOs, and block deals. Bertie noticed page after page filled with IPO ads and companies thanking investors for supporting their recent capital raises.
What really caught his eye was a public sector bank boasting about several big capital raises (QIPs) over the past three years, each bigger than the last. Bertie had often heard how these banks were supposed to be profitable on their own, but the constant need for capital made him wonder: who were they really thanking—past, present, or future shareholders?
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
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