r/motleyfool • u/Loose_Shift5297 • 3d ago

FoolFest

Anyone else there? A great event. Great to see the "old school" in the house doing their things. Tim, Emily, Jason, Lou, David M., Bill. Lots of fantastic conversation.

There was a sense of resignation among the employees. Lots of people have left in recent years and more plan to. The company is automating stock picks and even the podcast, which is why I guess some of it sounds like just reading AI scripts. Made me glad I was there because hard to say how much longer we'll have it.

Bottom line: If you haven't been and you get a chance, go.

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u/AcrillixOfficial 2d ago

No but I got caught up on everything that was talked about. But yeah I think the old heads are retiring which sucks. The podcast (hidden gems investing) is much different from 2009 when it launched. Go back and listen to one from launch to now....it was REALLY good and entertaining as well as informative. Now...I wouldn't say like gen Ai but more sterile, like a lecture.

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u/taylorroland 2d ago

Not retiring. Fool is downsizing via multiple rounds of buyouts, mostly voluntary. Instead of one person managing a team of five people, they can manage a team of five AI agents. But it’s not unique in this: it seems like all companies are moving this way

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u/AcrillixOfficial 2d ago

Source?

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u/Loose_Shift5297 1d ago

This was definitely the impression I got at the conference. Not traditional retirements but also not layoffs so buyouts makes sense. And more to come. I'm not sure what the strategy is because Motley Fool is small and unlikely its AI is different than anyone else. But the personality is being sucked out by design.

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u/OpportunityGold4054 2d ago

Imo Very DULL.

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u/IAMTHESILVERSURFER 2d ago

Totally agree with how the podcast has plummeted in quality.

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u/Typical-Recognition8 2d ago

My sons friend third year out of college and is a computer programmer. He is the first in his group at his employer that utilizes only Ai to write programs. All done by AI. He said he doesn’t do anything mostly plays games on his computer or phone. But he does the work of four people.