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Quantitative Investing: A Crisis Waiting to Happen?

inc4tinc4t 101 Points
edited May 12 in Investments
WSJ published an article about future of stock investments driven by robots.

https://apple.news/AI1Hz56-VQ0eBSBvsANkAug
therepjoecavalry
  1. Quantitative Investing: A Crisis Waiting to Happen?9 votes
    1. Yes
      88.89%
    2. No
      11.11%

Comments

  • drelameladrelamela 2 Points
    I don't think it would break out into a crisis, at least not any time soon. It doesn't seem like that much of a threat. You need humans to do a lot of stuff even in top of this.
  • agsragsr 271 PointsPremium Member
    Premium Member
    @drelamela, the issue is that lots of algorithmic trading is happening automatically by an algorithm that most humans who created it barely understand. We already have multiple cases where we had major issues, so I think it may have furter fallouts.
    internrubu
  • islander507islander507 64 Points
    At the rate of technological advancement I will be highly surprised if machines will not ourperform humans in trading in the next 10 years.  In many cases they already do.  Since we are talking about trillions of dollars trading in a black box that humans can't understand then I agree with the article that the prospects are scary.
    therep
  • thereptherep 28 Points
    Machines could completely out perform humans. That is a potentially job killer that Trumo may want to consider and possibly fix.
  • agsragsr 271 PointsPremium Member
    Premium Member
    @therep, I agree that robotics automation may cause issues with employment.

    http://www.latimes.com/business/la-fi-pwc-robotics-jobs-20170324-story.htm

    Robots could take over 38% of U.S. jobs within about 15 years, report says


    joecavalry
  • joecavalryjoecavalry 68 Points
    Artificial intelligence could eventually take out many jobs human shave today or would have in the future if AI wouldn't be there. Also, humans may eventually become less reliant on their Brains which could cause a level of stupidity throughout the humans.
    ale5
  • ale5ale5 75 PointsPremium Member
    Premium Member
    @joecavalry, agree. What we know know as people vs machines will also change.  Cognitive computing will augment many human activities.  The jobs and activities will evolve, as humans will have to partner with robots in different ways.
    your point is also great about humans may become stupid in some ways, but I think in other ways they will become really smart - learning how to leverage robots better.
    agsr
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