Troy McGlone, a fund manager at Heartland Advisors in Milwaukee, is warning individual investors against Wall Street’s aggressive push into artificial intelligence. He advises caution and reminds investors that even identifying the right AI winner can lead to disastrous results if they overpay. McGlone manages a $150 million Opportunistic Value Equity Strategy and the $500 million Mid Cap Value Fund HRMDX. He prefers concrete sectors like fire prevention, HVAC equipment, and Berkshire Hathaway over AI-focused investments.
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