Anyone who has read many financial statements would understand this whole idea i... | Hacker News

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		perkolator on May 25, 2024 \| parent \| context \| favorite \| on: Financial Statement Analysis with Large Language M... Anyone who has read many financial statements would understand this whole idea is already useless outside of financial statement education. LLMs could help a person learn to understand financial statements better, that is it. There are not all these hidden gems in financial statements though that are being currently missed that language models are going to unearth. Financial statements are already intentionally vague and often intentionally misleading. Corporate CEO/PR/Marketing are already the masters of writing many words while saying absolutely nothing.

rafaelero on May 25, 2024 [–]

Still, if you use GPT-4 it gives you 60% of accuracy in predicting if it's going to go up and down, which is considerably better than median human forecasters. Stop being so dismissive and start reading the numbers.

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