interesting read but if they are only getting 20-30% a year they aren't even close to beating all human traders....
Tuesday, March 29, 2011
Man vs. Machine on Wall Street: How Computers Beat the Market
Man vs. Machine on Wall Street: How Computers Beat the Market - Yahoo! Finance: "Wall Street, meet your post-human future. Uber-'quant' Cliff Asness bets that his high-speed computers and trading models can churn billions of dollars in profits in booms and busts alike. But can artificial intelligence really out-smart the market? "
interesting read but if they are only getting 20-30% a year they aren't even close to beating all human traders....
interesting read but if they are only getting 20-30% a year they aren't even close to beating all human traders....
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