Wednesday, July 19, 2017

Humans Beating Robots in Stock Picking This Year

Take that Watson and Siri et al.
In the first half of the year, computer-generated strategies, or what they call in the business, systematic strategies, returned 3.17 percent, according to data by Preqin. That compares with the more-traditional discretionary strategy, which returned almost double that, with gains of 5.99 percent. Those results are net of fees.
I will be an interesting battle going forward. Maybe the idea of AI replacing money manager's is getting ahead of itself. I would love to see these numbers in a down market though. I think a robot will do a good job of selling stocks quickly and not have to worry about bonuses and such.

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