What AI Can’t Do: A Manila Lecture Shakes the Finance World

In a packed amphitheater at the University of the Philippines, Joseph Plazo drew a bold line on what technology can realistically offer for the world of investing—and why this difference is increasingly crucial.

The air was charged with anticipation. A sea of bright minds—some clutching notebooks, others broadcasting to friends across Asia—waited for a man both celebrated and controversial in AI circles.

“AI will make trades for you,” Plazo opened with authority. “But it won’t teach you why to believe in them.”

Over the next sixty minutes, Plazo delivered a fast-paced masterclass, balancing data science with real-world decision making. His central claim: AI is brilliant, but blind.

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Bright Minds Confront the Machine’s Limits

Before him sat students and faculty from prestigious universities across Asia, united by a shared fascination with finance and AI.

Many expected a celebration of AI's dominance. What they received was a provocation.

“There’s too much blind trust in code,” said Prof. Maria Castillo, an Oxford visiting fellow. “This lecture was a rare, necessary dose of skepticism.”

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The Machine’s Blindness: Plazo’s Case for Caution

Plazo’s core thesis was both simple and unsettling: AI does not grasp nuance.

“AI won’t flinch, but neither will it foresee,” he warned. “It recognizes patterns—but ignores the power structures.”

He cited examples like the market chaos of early 2020, noting, “Machines were late to the signal. People weren’t.”

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Reclaiming the Edge: Why Humans Still Matter

Rather than dismiss AI, Plazo proposed a partnership.

“AI is the vehicle—but you decide the direction,” he said. It works—but doesn’t wonder.

Students pressed him on behavioral economics, to which Plazo acknowledged: “Yes, it can scan Twitter sentiment—but it can’t feel a market’s pulse.”

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The Ripple Effect on a Digital Generation

The talk sparked introspection.

“I believed in the supremacy of code,” said Lee Min-Seo, a quant-in-training from South Korea. “Turns out, insight can’t be uploaded.”

In a post-talk panel, faculty and entrepreneurs echoed the caution. “This generation is born with algorithmic Joseph Plazo reflexes—but instinct,” said Dr. Raymond Tan, “is not insight.”

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What’s Next? AI That Thinks in Narratives

Plazo shared that his firm is building “co-intelligence”—AI that blends pattern recognition with real-world awareness.

“No machine can tell you who to trust,” he reminded. “Capital still requires conviction.”

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Standing Ovation, Unfinished Conversations

As Plazo exited the stage, the crowd rose. But more importantly, they started debating.

“I came for machine learning,” said a PhD candidate. “But I left understanding myself better.”

In knowing what AI can’t do, we sharpen what we can.

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