“Trading Without Conscience: What AI Still Can’t Do”

“Trading Without Conscience: What AI Still Can’t Do”

Blog Article

At the Asian Institute of Management—one of Asia’s top business schools, Joseph Plazo gave a talk that many didn’t expect—and even fewer will forget.

Plazo isn’t an outsider. His AI posted a 99% win rate across volatile markets.

And still, he asked a haunting question:

“Are we still in charge, or are we just obeying the logic we built?”

???? **The Visionary Who Dared to Doubt His Own Creation**

There were no slides about market penetration or ROI.

He shared a critical moment from 2020. One of his bots flagged a short position on gold—minutes before the U.S. Federal Reserve unleashed a rescue package.

“We overrode the trade,” Plazo said. “The math was right. The moment was wrong.”

???? **The Cost of Moving Too Fast**

Plazo spoke of **“strategic friction”**—those moments of hesitation that seem inefficient, but are, in fact, human.

“Speed isn’t neutral. Sometimes it overrides the chance to ask if something should be done.”

He then introduced a framework his team calls **Conviction Calculus**. Three questions. Every trade. Every time.

- Are we okay being right in numbers, but wrong in ethics?
- What does human instinct say—colleagues, mentors, memory?
- If this goes wrong, can we take the blame—or will we just blame the bot?

???? **Automation at Scale, Ethics at Risk**

Across the Asia-Pacific, governments and VCs are pouring billions into AI finance. Singapore, Seoul, Manila—each is racing toward the digital frontier.

But Plazo’s message was stark:

“Innovation without website reflection is how systems break—quietly, efficiently.”

He referenced two Hong Kong hedge funds that lost billions in 2024—systems that did everything they were told, and still failed.

“The machine worked. But the humans didn’t question it.”

???? **Plazo’s Future: Not Just Faster AI, But Wiser AI**

Plazo isn’t abandoning AI. He’s evolving it.

His team is now working on **narrative-integrated AI**—models that assess intent, culture, geopolitical risk, tone. Not just price action.

“AI must amplify wisdom—not erase it.”

At a private dinner after the speech, investors from across Asia approached Plazo. Not for tech. For partnerships. For principles.

One said:

“Maybe the revolution we need is one that listens.”

???? **The Machines Will Trade—But Who Will Say ‘Stop’?**

Plazo closed with a line that lingered long after the lights dimmed:

“The next crash won’t be emotional. It will be logical—executed too fast, by systems no one dared question.”

No slogans. No applause lines. Just a warning.

And in a world obsessed with the future, sometimes the bravest thing a leader can do—is ask what we might regret.