> You’ve already got robo-advisors, which use algorithms to manage assets for retail investors. We’re also probably only a few years away from you being able to log into a brokerage account and run a sophisticated institutional-grade algorithm yourself.
> People tend to assume that the diffusion of these technologies is a good thing. I’m more ambivalent. I think it could be a big mistake to have the population at large play around with algorithms. Some people who are very good at it might benefit from having access to this broadened toolset. But most people will just end up paying too much or make bad decisions because they’re being given access to a technology that they aren’t equipped to do anything useful with. They can lose money with it, however.
Hobby away, friend, but when you start betting money you can't afford to lose, probably worth just turning that hobby into a resume sent to those folks running hadoop with the shortest fiber lines into the exchanges.
> Hobby away, friend, but when you start betting money you can't afford to lose, probably worth just turning that hobby into a resume sent to those folks running hadoop with the shortest fiber lines into the exchanges.
Those folks with fiber lines into the exchanges are definitely not running hadoop.
> You’ve already got robo-advisors, which use algorithms to manage assets for retail investors. We’re also probably only a few years away from you being able to log into a brokerage account and run a sophisticated institutional-grade algorithm yourself.
> People tend to assume that the diffusion of these technologies is a good thing. I’m more ambivalent. I think it could be a big mistake to have the population at large play around with algorithms. Some people who are very good at it might benefit from having access to this broadened toolset. But most people will just end up paying too much or make bad decisions because they’re being given access to a technology that they aren’t equipped to do anything useful with. They can lose money with it, however.
Hobby away, friend, but when you start betting money you can't afford to lose, probably worth just turning that hobby into a resume sent to those folks running hadoop with the shortest fiber lines into the exchanges.