Finance on Dr. Hitesh Sarda

The AI gave better advice to people who needed it least

Sun, 02 Aug 2026 00:00:00 +0000

A team at MIT Sloan and Stanford ran a study I keep thinking about. They asked 1,000 adults to write their own prompts asking a language model for financial advice, then simulated what would happen if people aged 22 to 89 followed that advice across a lifetime. The headline is cheerful: the advice was good. It pushed people to save more, hold stocks, diversify, and take less risk as they aged. The lead researcher said the team was “somewhat surprised by how good the advice was.”

The Money Myths Your Favourite Finfluencer Keeps Repeating

Mon, 29 Jun 2026 00:00:00 +0000

Every few weeks a chart goes viral: “this one person is now richer than the entire GDP of [some country].” It collects a hundred thousand likes, and it is comparing two numbers that cannot be compared. Net worth is a total, everything someone owns added up, today. GDP is a flow, everything a country produces in a single year. One is a bank balance, the other is a salary. Putting them side by side tells you nothing, except that whoever made the chart never stopped to ask what the numbers mean.

Piece of action or peace of mind?

Tue, 30 Mar 2010 00:00:00 +0000

Every once in a while, I have to stop and think about how much consumption driven we have become. Indian’s were, and still are, one of the highest savers in the world. But things are changing rapidly with the young. Saving is not very high on the list of priorities.

Being Green

Everyone talks about being green, buying green. We participate in new fads like the ‘Earth day’. Personally, I think that not buying at all is even better. Do you really need to buy a new mobile phone each year? What about the music player, the laptop, the car?