In this concise talk from The Intellectual Investor Conference, Gary Mishuris, CFA — Managing Partner and Chief Investment Officer of Silver Ring Value Partners — reframes what it actually means to have an investing edge. Rather than accepting the traditional view that edge is simply informational, analytical, or behavioral, Mishuris argues that edge must be deliberately engineered into one or more specific steps of your investment process. He maps that process across five stages — idea generation, research, investment decision, portfolio construction, and information processing — and offers a pointed hypothesis: the fifth stage, information processing, is the most fertile ground for building an edge, precisely because so few investors systematically design their process to compete there.
From that foundation, Mishuris turns to AI, making the case that as implementation becomes commoditized, the real advantage shifts to asking the right questions and choosing the right problems to work on — not to chasing tools for their own sake. He walks through a suite of AI-assisted workflows he has already built to strengthen distinct stages of his own process, including a special-situations stock screener, a forensic accounting red-flag analyzer, a structured “devil’s advocate” bear-case generator, a Claude/NotebookLM research automation, and a mental model scorecard, along with a monitoring agent he’s currently developing. Framing the progression from prompt engineering to context engineering to “loop engineering,” the presentation is a practical, refreshingly non-hype look at how a disciplined value investor is putting AI to work. Download the full deck below to explore the framework and examples in detail.
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