Think twice, it ain’t alright...ALIS clarified

In “The Intelligent Investor in an Era of Autonomous Learning”, Jeffrey Tarrant delineated the concept of Autonomous Learning Investment Strategies (ALIS), the new AI and data-driven strategies he argued would disrupt today’s fundamental and quantitative managers.  This was followed by an article I wrote, “What a long strange trip it’s been...on ALIS”, which explained the best and worst traits of ALIS managers.  This brief article is called “Think Twice, It Ain’t Alright...ALIS Clarified”, repurposing the title of Bob Dylan’s 1963 song, “Don’t Think Twice, It’s Alright”.