Read this article in the New York Times last week…

While Ray Kurzweil is one of the few academics I truly admire, I can’t see this working out well at all. For a number of reasons…

  1. Stocks rely on too many unknowns (underlying companies, mob factor, etc)
  2. No computer can sufficiently understand human-written news articles; pulling keywords out can’t work well enough
  3. It can’t.

Why #3? It would be hard to imagine what would happen if computers were given total control of the stock market, and picked correctly every time. The stock market honestly relies on sometimes getting it wrong, sometimes getting it right. Plus we know what has happened before in giving computers too much control.

Un/Fortunately the stock market remains a large part a game of chance.

Oh yeah… in terms of throwing brain power and academics at the Stock Market? Been there, done that…

Oh yeah, why is the picture at the top of this post Gary Williams? BECAUSE WE WON BABY!!!