Your last sentence is pure gold. Since when have investors ever not been clueless about all of their investments? During due diligence, it's not the investor pouring over the books. They staff that out, and then accept the recommendation. They follow the investment of other investors that they like/follow, or they make moves because they think it's what someone they like/follow would do. I'd be flabbergasted if 10% of investors knew what 50% of their investments do other than the pitch.
> I'd be flabbergasted if 10% of investors knew what 50% of their investments do other than the pitch.
Sure. But in this case the AI boosterism that runs rampant in the investor class is rooted in that cluelessness.
Lots of investors also quietly know little about the workings of the products and services their investments are tied up with, and that's fine. But it's also uninteresting.
