Stanford just let an AI pick stocks for 30 years. First study of its kind in finance history. The outperformance vs. humans was so extreme, researchers spent 12 months trying to prove themselves wrong. Here's what happens when you let AI manage your money: 🧵

Enormous alpha lies hidden in publicly available information, but human cognitive constraints prevent us from capturing it. The Stanford team calls these "processing frictions": The cost of extracting insights from freely available data. AI removes these frictions entirely.