Money.ai stems from my earlier textbook,
The Portable Private Banker,
used by hundreds of MBA and MSc students. The world of investing has undergone a profound shift with the rapid emergence of artificial intelligence (AI). Yet, despite these changes, this new edition preserves its central philosophy: investing through exchange-traded funds (ETFs) and low-cost index funds.
Prof. Dr. David Costa is co-founder and Dean of Faculty at Robert Kennedy College,
where he oversees faculty development and shapes the college’s innovative academic programmes.
He earned a Doctorate in Law from the University of Basel, specializing in the regulation of
synthetic investment products, and also holds law degrees from Robert Gordon University (LL.B.),
Northumbria University (LL.M. in International Trade Law), and Washington University in St. Louis
(LL.M. in U.S. Law).
Prof. Dr. Costa’s business credentials include a BA in Business Studies (University of Derby),
an MBA in eCommerce (Queen Margaret University), and a PhD in Strategy, Programme and Project
Management (Skema Business School), with doctoral research on index-based commodity investments.
At Robert Kennedy College, he lectures in Contract Law, Transnational Business Law, Investment Law,
and Financial Management. He is the author of Money.ai and has contributed expert commentary
to CNBC Europe and Bloomberg Television.
Preface: 2nd Edition Highlights
Money.ai originates from my earlier book,
The Portable Private Banker, used by hundreds of MBA and MSc students.
Rapid AI advancements have reshaped investing, yet my guiding principle remains
steadfast: prioritize exchange-traded funds (ETFs) and low-cost index funds.
Why a New Edition? In today’s data-driven, cost-conscious climate,
this second edition expands upon:
AI Integration: Explore money.ai, an on-demand AI
resource that answers questions about the book’s content.
Modern Investment Platforms: Understand how digital-first
brokers lower fees and friction—sometimes with AI insights.
ETF Updates: Delve deeper into broad-market and AI-focused ETFs,
reflecting the sector’s rapid growth.
How AI Helps (But Doesn’t Replace You):
While AI can analyze fund overlaps and recommend strategies, human oversight
remains crucial. Vague prompts yield generic results, so “trust but verify” any
AI-driven suggestions.
Ultimately, my goal is to show how accessible and streamlined investing can be,
given the right platforms and a balanced use of AI. Whether automating trades
or leveraging AI analytics, today’s tools are more powerful—and more user-friendly—
than ever.