How I Invest with David Weisburd

E326: What Happens When AI Starts Replacing Analysts?

63 snips
Mar 17, 2026
Guest
Chaz Englander
Chaz Englander, founder of Model ML and former YC founder who built family office investing tools, explains how agentic AI is automating reporting, investment memos, and monitoring in private markets. He contrasts workflow automation with chat UIs. He predicts 2025 as the productivity year and 2026 for AI-generated investment insight, and explains why capturing internal data and embedding engineers with teams matters.
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ANECDOTE

PE Firm Automated Most Of Its IC Memos

  • A European middle-market PE firm automated ~80% of its investment committee memos and now includes two to three AI-opinion pages.
  • Those AI pages assess management teams against the firm's historical investments and are growing more influential in decisions.
ADVICE

Capture Calls And Meetings First

  • Capture as much internal data as possible today, especially call and meeting transcripts, because future models will use diverse, unstructured signals.
  • Chaz cites analysis showing ~70% of decision information comes from calls and meetings, so transcribe those first.
INSIGHT

Reasoning Models Drive Large Efficiency Gains

  • Reasoning-model advances unlocked larger productivity potential beyond raw model scaling, enabling big junior-team efficiency gains.
  • Model ML projects expect ~50% efficiency for junior roles before 2028, constrained more by adoption speed than technology.
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