Why AI Won't Replace Stock Pickers - Jack Woodruff, Candlestick & Vinoo Ganesh, Kepler

Jack Woodruff, founder and former CIO of long/short equity fund Candlestick Capital and a former Citadel portfolio manager, sits down with Kepler CEO Vinoo Ganesh to talk about what AI really changes in fundamental investing. They discuss why humans are still the bottleneck, how AI turns hours of prep into minutes and raises the table stakes, why you should never trust a number you can't audit, where edge comes from when every fund has the same models, how fund teams will be structured, and why the "no-analyst hedge fund" won't beat the best human-led funds. Chapters: 0:00 Intro 0:47 Will stock picking change? 2:10 Could one analyst cover 400 stocks? 4:45 What junior analysts will stop doing 6:07 Smarter or just busier? 7:21 Never trust a number you can't audit 9:08 What you'd never let an AI vendor see 11:30 Where edge comes from when everyone has the same models 13:26 Build vs. buy for a 2027 fund 15:14 Small funds vs. giant funds 17:35 The overhyped idea: the no-analyst hedge fund Jack Woodruff Vinoo Ganesh Join us in SF for the second annual AIE CODE summit: https://aie.codes our last flagship summit of 2026. Applications live now!