In this week's Stansberry Investor Hour, Dan and Corey welcome Gary Mishuris back to the show. Gary is the managing partner and chief investment officer of investment firm Silver Ring Value Partners. He has kindly allowed listeners to download the PDF of how he uses AI to aid in his strategies. You can access it here.

Gary kicks things off by sharing how he uses AI in his investment process. He cautions against the extremes of thinking of AI as being a "genie in a bottle" that solves every problem or that it's completely ineffective and should be disregarded completely. The truth, he says, is in the middle. There are two use cases he argues for using it, with the second one being a "holy grail" method. And while AI can be accessible for most folks, Gary warns that it will not level the playing field...

People think that AI may be able to completely level the playing field, and the return to skill will go away because everyone will have access to these genius AI systems that they can just replicate... It's the opposite... The return on the real skill and insight is going to be magnified by AI... What is going to go away is the grunt work required, or at least a chunk of the grunt work required, to execute those insights.

Next, Gary reveals the one AI tool that he thinks is critical in utilizing AI in investing. It's not a popular model that makes the headlines, but Gary shows how effective it can be – and it's FREE. He then acknowledges how AI prevents him from falling into any biases and emphasizes that even though AI provides resources for him, he still does the research needed for investing and makes the final decisions for investing...

AI is amazing at [preventing biases]. You start with AI, you use it a little bit less as you go deeper and deeper into [your] idea, the pure human part. And then at the tail end, you use AI to help you avoid mistakes.

Finally, Gary explains how AI is a viable tool that is being used in real investment scenarios. He also bemoans YouTube influencers who use AI as a hype gimmick to market their online courses. Then he expresses his opinions on the wider market piling into AI data centers, stating that expectations are too high for what the technology can provide today...

Valuation is probably the worst indicator of what's going to happen in the next six to 12 months. But it is good to lower expectations, that's for sure. And that I think that... if you think, "Oh, I've heard markets are returning 10% per year... and recently it's been more than that" and you think that's guaranteed from this starting point, I would go and recheck your assumptions because I don't think that's going to happen for a while.

Click on the image below to watch the video interview with Ben right now. For the audio version, click "Listen" above.

(Additional past episodes are located here.)

The transcript is coming soon.

This Week's Guest

Gary Mishuris is the managing partner and chief investment officer of Silver Ring Value Partners. Prior to Silver Ring, Ben was a vice president at Evergreen Investments and a managing director at Manulife Asset Management, where he was the lead portfolio manager of the firm's U.S. Focused Value strategy. Gary has earned both a Bachelor of Science in computer science and a Bachelor of Science in economics from the Massachusetts Institute of Technology.