Hi Doug, another great reflection - THANKS! Based on your experimentation with Investment Alpha and others who may follow suit, where is the investment landscape heading? Can anyone harness the unfettered creativity of AI and create the extraordinary magic you mentioned? It is becoming more evident to me that as AI becomes more widespread and embedded in the investment industry, the DIY model looks to empower a far larger universe of investors than we currently have today. This will mean, I reckon, a truer version of personlisation at scale. Moreover, will we witness an accelerated pace of disintermediation in the investment management industry? As I have alluded before, what would index providers (like AMSCI) do in response to these potential changes? Fascinating times. Best, Rafael

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