[{"data":1,"prerenderedAt":187},["ShallowReactive",2],{"home":3,"disclosures-modal":85,"home-weekly-news":114},{"id":4,"title":5,"about":6,"body":15,"contact":22,"description":36,"extension":37,"hero":38,"hidden":44,"insights":45,"layout":49,"media":50,"meta":55,"navigation":56,"newsletterPrimary":57,"newsletterSecondary":62,"noindex":44,"ogImage":49,"path":66,"pressLounge":49,"seo":67,"seoTitle":68,"stem":69,"team":70,"weeklyNews":78,"__hash__":84},"pages\u002Findex.md","Triangula Capital",{"heading":7,"name":8,"role":9,"photo":10,"photoAlt":8,"bio":11},"About Pietari","Pietari Laurila","Full-time Investor","\u002Fimages\u002Fpietari-laurila.webp",[12,13,14],"Pietari Laurila is a full-time investor with more than 20 years of stock market experience. He has invested in stocks since 2004 and has been a full-time investor since 2011.","Pietari joined eToro in 2020 and is now an eToro Pro Investor. More than 20,000 investors copy his portfolio, with Assets Under Copy approaching $100 million.","Pietari takes a modern approach to value investing, combining company fundamentals with macroeconomic and technical analysis. Before becoming a full-time investor, Pietari worked at Accenture and Commerzbank. He holds an M.Sc. in Computer Science from Aalto University.",{"type":16,"value":17,"toc":18},"minimark",[],{"title":19,"searchDepth":20,"depth":20,"links":21},"",3,[],{"heading":23,"body":24,"followHeading":27,"email":28,"form":29},"Contact Triangula Capital",[25,26],"Have a question about Triangula Capital or want to get in touch?","We’d be happy to hear from you.","Follow Pietari:","info@triangulacapital.com",{"firstNameLabel":30,"lastNameLabel":31,"emailLabel":32,"subjectLabel":33,"messageLabel":34,"submitLabel":35},"First Name","Last Name","Email","Subject","Message","SEND MESSAGE","Investment insights from Pietari Laurila, a full-time investor with more than 20 years of stock market experience.","md",{"title":5,"subtitle":39,"standfirst":40,"image":41,"video":42,"videoWebm":43},"A modern approach to value investing","Investment insights from Pietari Laurila, a full-time investor with more than 20 years of stock market experience","\u002Fimages\u002Fhero.jpg","\u002Fmedia\u002Fhero.mp4","\u002Fmedia\u002Fhero.webm",false,{"heading":46,"youtubeId":47,"youtubeTitle":48},"Latest Insights","8eOlbcow_ec","Latest Insights from Triangula Capital",null,{"heading":51,"body":52,"ctaLabel":53,"ctaHref":54},"In the Media","See the latest media coverage in our Press Lounge.","PRESS LOUNGE","\u002Fpress-lounge",{},true,{"heading":58,"nameLabel":59,"emailLabel":32,"consent":60,"submitLabel":61},"Investment insights, delivered to your inbox","Name","I agree to receive the Triangula Capital newsletter by email. I can unsubscribe at any time.","SUBSCRIBE",{"heading":63,"body":64,"nameLabel":59,"emailLabel":32,"consent":60,"submitLabel":61,"backdrop":65},"Follow Pietari's investment thinking","Receive Pietari’s latest market commentary and investment insights by email.","\u002Fimages\u002Fnewsletter-backdrop.webp","\u002F",{"title":5,"description":36},"Triangula Capital – Investment insights from Pietari Laurila","index",{"heading":71,"members":72},"Team",[73],{"name":74,"role":75,"photo":76,"photoAlt":74,"bio":77},"Tapio Eerikäinen","Business Development Manager","\u002Fimages\u002Ftapio-eerikainen.webp","Tapio is responsible for business development at Triangula Capital, with a focus on growing its reach, partnerships and digital presence. He also manages the company’s communications and social media.",{"heading":79,"body":80,"ctaLabel":81,"ctaHref":82,"empty":83},"Weekly Update","Pietari's weekly market commentary and investment thinking, published here and delivered to subscribers by email.","READ THE WEEKLY NEWS","\u002Fblog","The first weekly update will be published here shortly. Subscribe below and it will land in your inbox as soon as it goes out.","h8uDC4o8fd5i-u4e0j8zLR54UtFZAAowKw2Z25jihhc",{"id":86,"title":87,"about":49,"body":88,"contact":49,"description":108,"extension":37,"hero":49,"hidden":44,"insights":49,"layout":49,"media":49,"meta":109,"navigation":56,"newsletterPrimary":49,"newsletterSecondary":49,"noindex":44,"ogImage":49,"path":110,"pressLounge":49,"seo":111,"seoTitle":49,"stem":112,"team":49,"weeklyNews":49,"__hash__":113},"pages\u002Fdisclosures.md","Disclosures",{"type":16,"value":89,"toc":106},[90,94,97,100,103],[91,92,93],"p",{},"Triangula Capital is not a registered investment advisor and does not offer investment advisory, fund management or wealth management services.",[91,95,96],{},"The content on the website is provided for informational and educational purposes only and does not constitute (i) an offer or solicitation to buy, hold or sell any security or other financial instrument, (ii) investment, legal, tax, accounting, or other professional advice, or (iii) a personal recommendation as defined under MiFID II.",[91,98,99],{},"Information on the website is obtained from sources believed to be reliable, but is supplied on an “as-is” basis without warranty as to accuracy or completeness. Opinions, estimates, and forward-looking statements reflect the author’s judgement as of the date of publication and are subject to change without notice.",[91,101,102],{},"Triangula Capital and affiliates may hold positions in the securities mentioned on the website and may trade them without further disclosure. No liability is accepted for any direct, indirect, or consequential loss arising from the use of this material. Readers should conduct their own independent research and consult qualified advisers before making any investment decision.",[91,104,105],{},"Past performance is not indicative of future results. All investments carry risk, including the risk of total loss.",{"title":19,"searchDepth":20,"depth":20,"links":107},[],"Important disclosures for Triangula Capital.",{},"\u002Fdisclosures",{"title":87,"description":108},"disclosures","5OkJaYOgkdgDOt5K7BDK_eQFl5Pn-Gs_GaeYDPjWx34",[115],{"id":116,"title":117,"author":19,"body":118,"date":179,"description":19,"draft":44,"extension":37,"hero":19,"hidden":44,"image":180,"meta":181,"navigation":56,"noindex":44,"ogImage":19,"path":182,"seo":183,"seoTitle":19,"stem":184,"tags":185,"__hash__":186},"blog\u002Fblog\u002F2026-09-01-where-will-investment-edge-be-found-in-the-age-of-ai.md","Where Will Investment Edge Be Found in the Age of AI?",{"type":16,"value":119,"toc":177},[120,123,126,129,132,135,138,141,144,147,150,153,156,159,162,165,168,171,174],[91,121,122],{},"AI is rapidly changing how investing is done.",[91,124,125],{},"Investing involves finding information, analysing what it means, making a judgement and ultimately acting on it.",[91,127,128],{},"Until now, AI has mostly helped with the first two. The investment decision itself has generally remained with the investor.",[91,130,131],{},"Questions such as how much of a company’s earnings are exposed to one country, how sensitive a business is to interest rates, or what new technologies could disrupt a particular industry previously required searching through multiple reports and filings.",[91,133,134],{},"AI can often get much of the way to an answer in seconds.",[91,136,137],{},"But more information and more sophisticated analysis do not automatically lead to better judgement.",[91,139,140],{},"One recent study found that AI significantly increased both the breadth and depth of stock analysts’ research: they used 40% more information sources, covered 34% more topics and employed 25% more advanced analytical methods.",[91,142,143],{},"Yet their forecast errors increased by 59%.",[91,145,146],{},"In other words, better research did not necessarily lead to better investment conclusions.",[91,148,149],{},"A similar picture emerges from recent research that asked AI models to pick stocks. After adjusting for risk, the models did not generate statistically significant abnormal returns.",[91,151,152],{},"This suggests that, at least for now, AI is commoditising analysis faster than judgement.",[91,154,155],{},"But there is no reason to assume AI will remain weak at judgement forever.",[91,157,158],{},"AI may eventually become better at asking the right questions, weighing evidence, and learning from past mistakes than humans are. If that happens, judgement itself may become less differentiated too.",[91,160,161],{},"But investing has never been only an analytical problem. It is also a psychological one.",[91,163,164],{},"Knowing that an unpopular investment is attractive is different from being willing to own it while everyone else disagrees.",[91,166,167],{},"If AI makes information, analysis and eventually even judgement increasingly commoditised, the durable edge may lie less in knowing more than everyone else, and more in being willing to act differently.",[91,169,170],{},"This is one reason why I believe in investing in the unpopular. Markets will become better at processing information as AI improves, but I don't think human behaviour will change nearly as quickly.",[91,172,173],{},"There will still be investments people don't want to own, narratives that become too pessimistic, and periods when following the crowd feels much more comfortable than going against it.",[91,175,176],{},"Being willing to invest in those situations will remain a source of opportunity, even in a world where everyone has access to powerful AI.",{"title":19,"searchDepth":20,"depth":20,"links":178},[],"2026-09-01","WhatsApp Image 2026-09-01 at 12.56.38.jpeg",{},"\u002Fblog\u002F2026-09-01-where-will-investment-edge-be-found-in-the-age-of-ai",{"title":117,"description":19},"blog\u002F2026-09-01-where-will-investment-edge-be-found-in-the-age-of-ai",[],"Tumv4CBL1zUNTSlrLOki9XAsuS5IOw3Wcuud7iiM4Gs",1788399717923]