Re: Another nutcase using AI to play the market

Software that continually adapts to changes in the market and that learns to
read changes before the resulting moves is not that difficult.
They key is auto trading with tight stops and it can lose little and gain
huge.
>5% daily here, like it or not big mouth.
TF

"Bill Reid" <hormelfree@xxxxxxxxxxxxxxxx> wrote in message
news:hWS_e.337928$5N3.169594@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>I still contend that it's probably a waste of time to emulate the human
> brain, considering all the stupid people who have one, but here's a guy
> who's looking for a brave new world where a robot will be running
> FEMA, and we'll all be trillionaires from our AI stock market picks:
>
> http://news.com.com/Deciphering+a+brave+new+world/2008-1082_3-5885116.html?t
> ag=nefd.lede
>
> Deciphering a brave new world
> September 29, 2005, 4:00 AM PT
> By Declan McCullagh
> Staff Writer, CNET News.com
>
> Ray Kurzweil was one of the most remarkable and
> prolific inventors of the late 20th century.
>
> Now Kurzweil, who can claim credit for developing the first text-to-speech
> synthesizer and the first CCD flat-bed scanner, is busy inventing a future
> in
> which humans merge with machines and the pace of technological development
> accelerates beyond recognition.
>
> ...
>
> You said at a speech last week in San Francisco that you were working on a
> project with former Microsoft CFO Michael W. Brown that'll result in a
> hedge
> fund. Can you tell me about that?
>
> Kurzweil: It's been a major project for about six years. It's applying my
> field,
> detecting subtle patterns, and using technology forecasting. Six years ago
> the
> project wasn't fully feasible because we didn't have rapid access to all
> tick data
> for stocks. You really couldn't place trades very effectively online. The
> technology wasn't there--it can't take two weeks for the computer to make
> a
> decision that needs to be made in five seconds.
>
> (My system) doesn't make perfect predictions. But what we can do is
> predict
> them substantially better than chance. That puts us in the position of
> being
> the
> house in a casino. It places lots of bets, some win and some lose, but it
> consistently makes money. We haven't had a down month yet. It makes 80 to
> 100 percent returns a year.
>
> ---end of interview excerpt
>
> ---
> William Ernest Reid
>
>
>


.

Relevant Pages

  • Re: Another nutcase using AI to play the market
    ... > Now Kurzweil, who can claim credit for developing the ... > technology wasn't there--it can't take two weeks for the ...
    (misc.invest.stocks)
  • Re: The Wonders of HD Radio.
    ... It was all to be 'voluntary' and market driven. ... The technology is there, but there isn't as much interest as there needs to be for the 'voluntary' conversion to work. ... A larger motivator, by far, is the lobby pressure to force uptake of the DTV technology. ...
    (rec.radio.shortwave)
  • Stock scam: GARS
    ... Frost & Sullivan, a research group in San Antonio, forecasts that the market ... military aircraft development leading the way in the latest technology ... There exists a prime opportunity for niche players in the UAV market. ... GARS' ...
    (misc.invest.stocks)
  • Re: Changes in IDS Companies?
    ... The deployed base of network intrusion ... have reservations about the technology even though I work on it? ... like that as requirements for the market they serve have to work within ... Snort-based Enterprise Intrusion Detection Infrastructure ...
    (Focus-IDS)
  • Re: Static vs. Dynamic typing (big advantage or not)---WAS: c.programming: OOP and memory management
    ... market will realize this and prefer it to the others. ... productivity, simply because they have usually never worked in ... No, if most choosers are ignorant of better technology, then most will ... often made by some of the best programmers in a company. ...
    (comp.programming)
Loading