Paul Barnhurst warns against using a single AI prompt without review, especially for financial work. A shortcut that skips data gathering and verification can miss errors that humans would catch. He's launching a business himself and sees firsthand why judgment still matters.
There was one being advertised on the subway in New York recently that was like, compare the workflows here, get some data, build a pivot table, add formulas. One of the steps along the way was review results and then done. And then the other one was one prompt, done. So you're saying that you don't review the results? Like, that's very, very dangerous.
And you didn't build any skills or give it any examples. You really did it all with one prompt with no context.
I think for me as a professional financial modeler, there's a risk of being too knee-jerk to say, oh well, this one person made a mistake with AI, therefore AI is not the right way, or AIs have done all these silly things, and they have, but so have humans. I am trying very consciously to not end up too much in a position of like, well, I could have done it better. Like, for context, a couple of friends and I are starting a business. It's kind of low-key at the moment, but there's a bunch of like legal paperwork and stuff like that with starting a business, issuing shares, etc.
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