Gillian Tett

I mean, that would be unrealistic any more than when you go to your chemist or drugstore and buy a tablet, aspirin, you don't want actually inside out how it works on you.

You just trust that it's going to be good.

In the same way, we have to build a trust AI.

We

And it's a bit like saying to somebody, OK, we don't expect you to know what's in penicillin or in an aspirin, but you should know that if you just eat McDonald's every day, you're going to get sick.

In the same way, we should know just enough about AI and money to make sure we don't become completely stupid and are able to make informed choices.

Hello and welcome to the story of money, the brand new podcast from the Financial Times where we rummage through the past to make sense of the financial present and sometimes the future too.

I'm Gillian Tett, an anthropologist turned FT columnist.

And that means that I love to look at all the hidden rituals and occasional historical absurdities of the financial world and show you why they matter so much today.

So together, we're going to tell you the story of money, how it's shaped empires, toppled economies, and occasionally made some completely nutty ideas seem very brilliant, at least for a while.

So whether you're a finance fanatic, a history buff, an investor, a student, a wannabe banker, or anybody else, this is going to be the podcast for you to help you understand what's really going on.

Wow, that's a really big question, Robin.

And it's a very relevant one for anyone listening because whether you're managing your own pension investments or a smartphone app or you're a recruiter for a top-tier Wall Street firm, the reality is that we tend to be obsessed with brain power.

Finance firms tend to go out and recruit the smartest physicists, mathematicians and quite literal rocket scientists from the universities, including the Cambridge one.

And they hope that their ultra high IQs will crack the code of the markets and enable them to make loads and loads of money.

What they really want are high achievers, people who are in the top 1% of the 1% of the population.

But there's a really interesting question.

Does being a brainiac actually make you a good investor or not?

And yes, these are all white Western men, mostly middle-aged men.

We know that.